Inventory Optimisation, Inventory Management, Inventory Systems

Q : If on average I sell 0.5 units per month when is an inventory level of one not the right answer?

There are many products of course which are sold in ones.

Q : How can I proactively manage my inventory investment as business conditions change?

If a downturn hits and hits quickly it is often all you can do to cut and cut quickly.

Q : How can I set the right branch or store inventory levels as business conditions change?

Risk needs to be avoided. Every dollar of inventory investment has to be stretched as far as possible. True for you, but also true for your customer.

Q : How can I adjust my inventory to the service levels provided by my suppliers during downturns and upturns?

With micq-if you can quite easily adjust the profiles for the overall business climate

Q : How can I significantly reduce emergency orders by matching items in my inventory?

How often does a similar conversation play out in one of your sales branches or retail stores? It mightn’t be a camera and a special lens.

How do I factor in forecast accuracy, supplier lead times and variability, service level targets and order cycle periods into my safety stock calculations?

Q : How do I factor in forecast accuracy, supplier lead times and variability, service level targets and order cycle periods into my safety stock calculations?

Many ERP packages employ some very simple techniques to handle what are unfortunately very complex issues.

Q : How much effort is required to get the forecast right and how much is this worth?

Forecast sales is not the only factor that must be adequately estimated.

Q : How can I effectively manage a large range of products easily and still improve turnover and service levels?

Managing tens of thousands of products across a network, even just a thousand or more in a branch can raise many challenges

Q : How can I reduce inventory levels and workloads by undertaking purchasing reviews every day?

You can easily be overwhelmed by the workload involved in managing a large range of products, especially where there is a long tail of low volume products.

Q : When ordering from overseas how do I determine if it is more cost efficient to fill the container or send the container partially full?

What is the ‘cost’ of shipping ‘air’ versus the cost of carrying stock earlier than needed?

Q : What quantity do I order before my supplier shuts down for a month over their summer holidays?

They have calendars and spreadsheets with reminders to ensure they don’t miss the ordering window.

Q : How can I avoid over ordering when my suppliers offer tempting rebates for ordering up big by year end?

Supplier rebates are not normally offered idly.

Q : Am I better off ordering more stock than moving any excess stock from one warehouse to another?

Where you order from depends on the merits of each case.

Q : How do I take advantage of all the system’s features when I just import in containers a couple of times a month?

Even modest levels of Complexity: An Opportunity rather than a problem

Q : How can I justify changing my inventory management approach when we have constraints on capital investment?

In spite of the fact cash might be a bit tight right now the case for change might still be fairly compelling, including...

Q : How can I protect my investment in my existing ERP system and people but still boost my inventory management capability?

Happy with most aspects of your ERP system?

Q : So what can Advanced Inventory Management do for me?

An approach that puts you in charge.

Q : Can following better disciplines with my present system help me achieve what micq-if could?

There is no escaping the need for disciplines and cultural change.

Welcome to Horizon Inventory

We can help you dramatically improve your inventory levels, save your purchasing team's time and improve your relationships with your suppliers and customers. Horizon Inventory is a team of highly talented and experienced professionals with capabilities covering: supply chain optimisation, purchasing team management, plus we have developed a unique suite of tools that can provide you the best of breed decision support for your inventory management business.

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