Inventory Optimisation

Iter Consulting

Iter is a specialist supply chain consultancy working with major manufacturers to maximise the value and competitive advantage delivered through their supply chain.

Inventory Optimisation

Strategic inventory management and deployment is central to the efficiency and capability of supply chains. Inventory control and target reductions must not be ends in themselves; inventory smooths production operations, protects customers and enables run strategies to optimise available capacity.

At single points or across complete supply chains we model, define and optimise the location and profile inventory to meet the defined purpose whilst minimising working capital.

 

The Benefits of strategically profiled and deployed Inventory

Every supply chain is a balance of working capital, operating cost and the service delivered. By optimising the deployment of inventory across all supply chains we balance these parameters:

  • Customer Experience. We profile inventory and its replenishment in a way that delivers excellent customer service and inventory health.
  • Working Capital. We profile every SKU at each point in the supply chain to minimise working capital whilst protecting service. To date we always reduce overall inventory whilst improving availability and operational efficiency.
  • Operating Cost. We strategically reprofile inventory in a way that lubricates supply chains, drives operational efficiency, reduces stockouts and expensive expediting.

Working with Iter

On every assignment we work in partnership with our clients in a way that is underpinned by the Iter Charter.

Our clients’ agenda is our only agenda and our aim is to bring the analysis and insight and through the use of experienced operational practitioners deliver pragmatic solutions in a way that sets a platform for ongoing improvement.