bestpracticesforinventoryoptimizationbyinvistics6-21-110607102748-phpapp02

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All right reserved. Copyright 2011 Invistics 1 www.invistics.com

Best Pract ices for Inven toryOptimizat ion

Webinar scheduled for June 21, 2011Charlie Agulla, Invistics


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All rights reserved. Copyright 2011 Invistics www.invistics.com

Agenda

Urgent Challenges

Best Practices for Inventory Optimization

Case Studies

Questions & Discussion


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Services & Software to ImplementInventory Optimization

Proven results with numerouscustomers: Reducing inventory 35-60%

Improving customer service by 10-20% points

Streamlining S&OP process

Invistics Company Overview

Quick, low-risk fix for inventory problems Inventory Optimization in both high-volume and

high-mix facilities

Inventory Optimization using web-based softwareand existing data

Charlie Agulla

VP, Consulting


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The Problem

Companies tie up excess money in inventory due toinefficient allocation of their inventory.

We repeatedly see:Too much inventory for some SKUs

Too little inventory for other SKUs


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More product variants and SKUs

Complex global supply networks

Fierce offshore competitionShorter product life cycles

Standardize best practices across

plants

Heightened regulatory compliance

The Cause: Urgent Supply Chain Challenges


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Increased demands by customers:Consumer Products adding 20% more SKUs each yearChemicals experiencing 60% volatility in some SKUs

Product Proliferation is Hitting Every Industry


7/11All rights reserved. Copyright 2011 Invistics www.invistics.com

This is not just a Finished Goods Problem

If you happen to be a manufacturer, the problem is

that much harder to solve

Customers (Demand) Manufacturers

(Forecast)

Inventory

Stocking

Levels



Then Now Stable demand

Repetitive Long runs

High utilization

Dedicatedequipment

Highly variable

demand Responsiveness

Short runs

Faster changeovers

Shared equipment

High-volume High-mix

Every Company Is Being Forced to Change



Why Should We Optimize our Inventory?

Too much inventory for a given SKU results in

Excessive working capital

Higher risk of obsolescence, damage, or loss of material

Inefficient use of floor space

Too little inventory for a given SKU results in

Late Shipments

Unhappy Customers

Additional Shipping Costs due to Expediting

Stressed Employees



Agenda

Urgent Challenges

Best Practices for Inventory Optimization

Case Studies

Questions & Discussion


11/11All rights reserved. Copyright 2011 Invistics www invistics com

Charlie Agulla

VP, Consulting

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[email protected]

Thank You! Questions?

Please join us forour webinar

June 21, 2011

Click here to

register
mailto:[email protected]://invistics.webex.com/invistics/j.php?ED=127304882&RG=1&UID=1091101062&RT=MiMxMQ==https://invistics.webex.com/invistics/j.php?ED=127304882&RG=1&UID=1091101062&RT=MiMxMQ==mailto:[email protected]

bestpracticesforinventoryoptimizationbyinvistics6-21-110607102748-phpapp02

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