Inventory Optimisation
L&SC Strategies wants organisational inventory performance to improve nationally. To this end, our Inventory solutions include providing assistance with Inventory Optimisation, Policy Development and Staff Training.
The key deliverables associated with our inventory solutions include:
- Summary information on inventory performance and where to concentrate effort for maximum effect
- Processes for determining, managing and maintaining the range of items held at each location
- Processes, procedures and tools for determining safety stock and order quantities (minimum and maximum values) for each item that is being ranged
- Minimum and maximum values for each item in the inventory
- An implementation plan of activities and responsibilities to optimise the inventory
- Resources to assist with implementation activities
- Resources to mentor staff in inventory management techniques to ensure that benefits are retained