Various organizations hold inventories for various reasons, which may even include speculative purposes, functional purposes, or physical necessities. The key points in context of an organization holding an inventory are:
All organizations engaged in production or sale of products hold inventory in one form or other.
Inventory can be in complete state or incomplete state.
Inventory is held to facilitate future consumption, sale or further processing/value addition.
All inventoried resources have economic value and can be considered as assets of the organization.
Optimization of the inventory is a very important function; it helps organizations determine the health of their supply chain. It also has a significant impact on the financial health of the balance sheet. Inventory management is a key factor in improving the cash flow, the net working capital and the service level to the customer.
Maxcon can assist you in proper optimization of your inventory management by providing you with a detailed analysis of your current inventory. This allows you to have a clear identification of all class of materials (fast moving, slow moving, no moving and obsolete), their coverage as well as the turn over.
Maxcon can offer a number of solutions and work packages to assist in your organization’s inventory management. Reducing your working capital and improving the service level offered to your customers can easily be achieved with the right material segmentation and definition of ideal stock profiles and levels. By well definition and optimization of the planning parameters in your ERP system, you can ensure a planning process that is driven by the system which will support the implementation of your inventory strategy.