Spend Management

Working capital requirements have increased and cash to cash cycles have shortened. With so much working capital tied up in inventory costs it is logical to analyse this closely.

Capital can only be spent once, but on which products? This is the essence of spend management. However, lowering inventories can have a direct impact on customer service.

Spend management first requires that we ensure that the correct range is in place, following this an analysis of your stock (by utilising Slim4) is performed and advice is then provided as to how inventories can be reduced and service levels increased.  This analysis is based upon both demand forecasting and marketing patterns.