Using our in-house inventory simulation tool, we simulated future business requirements to produce a list of recommended inventory levels.
Our outputs helped our client to not only plan what stock to pre-build, but also understand where to focus improvement efforts and invest in additional capacity for the future.
Sector
Manufacturing
Services
Demand Planning | Growth Strategy
Timescale
12 weeks
Inventory for the future.
Without sufficient capacity to manufacture what is needed in peak sales periods, the key question is knowing what stock to pre-build to give the best chance of success.
Our stochastic model samples from supply and demand uncertainty distributions of the past, allowing the business to prepare for ‘real’ scenarios of the future, not just averages.
Prepare for ‘real’ scenarios of the future, not just averages.
Additional savings.
Our client also saved costs by cutting the amount of line change-overs and the amount spent on transporting goods to customers by reducing the volume of demand fulfilled by less-optimally located manufacturing plants due to stock shortages.
Email contact@trymconsulting.com to gain insight into your inventory.
Related Services
Demand forecasting is a critical business requirement to support a range of business functions.
This service will be valuable to you if:
You want to free up cash held in excess stock.
You want to improve product availability.
Your business has a seasonal demand.
Your procurement team wants to stop ‘fire fighting’.
A growth strategy plans create sustainable, long-term growth and capture a significant share of the market.
This service will be valuable to you if:
You are anticipating rapid growth in the next 5 years.
You are about to launch a new product of service.
Your warehouse is at maximum capacity.
You are struggling to meet current demand.