We welcome inquiries from all businesses, small and large, that are eager to move to the next level. Feel free to contact us to discuss your specific needs at no obligation.
Inventory Optimization
How We Can Help
Taking the right approach to inventory planning can prevent shortages on high-demand items while at the same time reducing overstock on slow runners.
If your organization manages inventory based on lead times or number of "days on hand", you may stand to significantly benefit from our specialized analytical approach.
Altemir Consulting can often reduce inventory while at the same time avoiding shortages and improving service levels.
We can often provide you with an opportunity for a quick cash flow boost enabled by optimizing your target inventory levels and safely decreasing your purchasing spend, usually over several months. Inventory turns and balance sheet performance will also improve as a bonus.
We are almost always able to identify opportunities to optimize inventory in a meaningful way, sometimes by as much as 80%! Here are a few examples:
VMI Example
Finished Goods Example
Consumables Example
Results-Oriented Fees
To provide a virtually risk-free opportunity, we can structure our compensation as a percentage of actionable inventory reduction enabled through our optimized inventory planning and purchasing.
Is Inventory Optimization Right for You?
Our methodology can be applied to finished goods or raw materials for hundreds or thousands of items. We can then estimate your prospects for cost savings by performing a real-world inventory simulation and optimization using your data subject to your desired service levels, taking seasonality and forward-looking forecasts into account as appropriate.
Sustainable Inventory Maintenance
Once your inventory situation is under control, Altemir Consulting can work with your team to implement a sustainable inventory planning process that ensures that inventory is always optimally maintained.
Contact Us to Learn More
Schedule a phone call or email us to discuss your challenges and prospects at no obligation.
Additional Inventory Management Services
Inventory Accuracy and Control
We work with manufacturers and distributors who rely on having accurate raw material, work-in-process (WIP), and/or finished good inventories. We can help establish effective:
- Material planning
- Warehouse organization
- Transaction practices
- Cycle counting programs
- Physical inventory counting programs
If your organization currently relies on routine wall-to-wall physical inventory counting, you will particularly appreciate our assistance in establishing effective material receiving, material consumption/issue transactions, shipping, and cycle counting. The need for frequent wall-to-wall physical inventory counts can be eliminated altogether to the satisfaction of accountants and other financial and operating stakeholders.
We can assist with refining and improving your physical inventory methodology to ensure accurate inventory levels, costs, and locations.
Material Planning
Our expertise is unsurpassed at establishing stable, accurate manufacturing and purchasing requirements designed to minimize inventory and maximize material availability using MRP, kanbans, or a combination of methods.
Kanbans and Lean Inventory Management
Some manufacturers may benefit from physical (or virtual) kanbans. All our inventory management and control paradigms are Lean by nature and obey essentially the same mathematical treatments as do kanbans. We can help establish lean pull flow using kanbans, supermarkets, and (in the case of manufactured items in job shop environments) Lean MRP.
Impaired Inventory Resolution
We can assist with analyzing your inventory to evaluate damaged, obsolete, and non-moving items. In some cases, we can actively pursue opportunities to sell these assets to minimize write-offs.
Asset Management
We have successfully applied our significant manufacturing inventory experience to asset management. This is particularly valuable in those situations where company assets such as vehicles, equipment, tools, or other capital items are routinely employed in the provision of customer services.
We are system-agnostic
We have deep transactional business, analytic, database, and technical skills that can help rapidly transform the use and benefit of any ERP or enterprise IT system.
Some systems that we have direct experience with include but are not limited to:
Schedule a Phone Call
Click below to schedule a free 15-minute phone call to address your questions at no obligation.
