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Best Pract ices for Inven toryOptimizat ion
Webinar scheduled for June 21, 2011Charlie Agulla, Invistics
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Agenda
Urgent Challenges
Best Practices for Inventory Optimization
Case Studies
Questions & Discussion
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All rights reserved. Copyright 2011 Invistics www.invistics.com
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
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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
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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
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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
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Agenda
Urgent Challenges
Best Practices for Inventory Optimization
Case Studies
Questions & Discussion
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Charlie Agulla
VP, Consulting
Insert
Photo
Here
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]