If the supply chain is a complex engine, then inventory is the lubricating oil that makes it run efficiently.

Planning, storing, moving, and accounting for inventory are the basics of an efficient supply chain. In short, inventory is the key to good customer service.

So, is the inventory you have really meeting your strategic business needs and those of your customers?

Understanding that inventory is a strategic asset is valuable, but only if:

• The merits of the current inventory usage can be modelled and assessed
• Alternative strategies can be developed and their implications tested and compared before implementation
• Detailed inventory positioning and profiling can be delivered at an individual piece part or SKU level
• The inventory profile can be reviewed and continually re-aligned as the profile of business evolves
• You have the skills and tools to make the transition and use this as a starting point for ongoing incremental change

The Consultancy Company have a team of expert inventory consultants who will provide the support needed to use inventory strategically to ‘lubricate’ and balance supply chain activities.

The Consultancy Company work with national and multinational companies to address a comprehensive range of supply chain issues.

For more information contact Peter.broxton@the-consultancy.co.uk, tel: 07768 021655 and go to our website www.the-consultancy.co.uk