2. Master data control
In order to optimally control your inventory, it is vital that you master data is correct and up to date. In this webinar, we will explore the importance of keeping your data ‘clean’ including; physical stock levels, demand transactions, sales prices, supplier calendar, delivery times, minimum purchase quantities…
3. Parameter setting
There are a large number of parameters that directly affect safety stock levels: order frequency, service level, presentation stock … But how can you fine-tune these parameters to protect customer service levels without holding excessive levels of inventory?
4. Inventory management
In this phase, we pay attention to the economic order quantity (EOQ), phase-in / phase-out and Slimstock’s 6 box model.
5. Supply chain management
Once you have implemented the 4 previous phases, your house will be in order. Now you can start to optimise the entire supply chain. The key here is collaboration with customers and suppliers.
