Inventory is a critical element to most businesses, but different functions within a business have different perceptions of how much inventory there should be. Sales tend to want large volumes of inventory to guarantee service; finance want the inventory minimized to reduce working capital, and operations want sufficient raw material to keep equipment operating efficiently. In addition, all inventories need to be of the right quality, positioned in the right place, at the right time, and in the right quantity. The difficult task of inventory management is to balance and satisfy all of these needs.
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Our inventory management consulting team is highly skilled in inventory policy development. We have considerable knowledge and experience in defining policies, formulae and calculations that can ensure inventory levels are fully optimized, justified and balanced with all the functional needs.
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