Ship More Products On-Time with Less Inventory
If you’re wondering how you can right-size inventory, free up working capital and still achieve high customer service levels, we can help.
Leveraging our unique Invistics methodology which blends Lean best practices with the continuous improvement approach of Six Sigma, and is supported by our patented MachSix software suite’s advanced analytics, simulation and optimization capabilities, we can help you effectively achieve the right inventory levels, throughput, and cycle times without affecting customer service levels.
We offer a variety of inventory optimization solutions that can be tailored to your specific needs.
Inventory Assessment Service
The Invistics inventory assessment service is designed for those interested in right-sizing their inventory levels. While inventory optimization may seem straightforward, the challenge is in identifying the correct trade-offs between supply and demand. The Invistics inventory assessment service will help you measure current inventory levels in order to identify areas where inventory is too high while simultaneously spotting areas where inventory is too low, in order to adjust the levels so you’re no longer carrying more stock than you need, while also buffering inventory where it’s needed against potential stockouts.
Pull Design Workshop
The pull design workshop helps you design the best demand-driven pull inventory replenishment technique for your plant’s unique requirements which are driven by the complexity of product mix, the number of SKUs and demand variability. It also helps you build a business case for a pull implementation at your organization.
The MachSix software suite provides the tools that support your pull-based Lean strategy for inventory optimization.
The Inventory Advisor module optimizes inventory planning parameters such as re-order points and safety stock levels while taking into consideration variability in processes and demand. Use of the module reduces stock-outs and cuts working capital by optimizing inventory levels so that you’ll have the right amounts of each of your SKUs. It can also feed optimized inventory levels and re-order quantities back to other information systems for better decision-making and order management. Finally, Inventory Advisor generates scenarios for ongoing improvements.
The Lean Insights module analyzes data from multiple systems within your organization and provides visibility into whether inventory is at or above goal. Users can access this information by business segment, product line, region or plant.
The Flow Path Health module gives visibility into the state of current inventory levels and customer, process and purchase orders. The ability to continually monitor current production and orders enables you to immediately address problems as they occur.
The Pull Manager module supports the implementation of a wide variety of pull techniques that let you align supply with demand. The module notifies you when inventory should be replenished.
Contact a representative today about our inventory optimization solutions.