Inventory management consulting services of any product-centered business. Its problems can impact every aspect of a brand from supply chain planning and warehousing processes to procurement, materials flow and quality assurance. It is easy for seemingly insignificant issues to slip through the cracks and escalate into a major problem that depresses overall operations, puts employees under unnecessary stress and undermines customer service.

Whether it is tracking stock manually using spreadsheet formulas or relying on a specialized ERP software system, every company needs to be able to track their inventory levels and establish reorder points. This is where an inventory management consultant can help.

Restocking inventory with the right amount can be difficult, and different functions within a company have different perceptions of what is correct: sales want high volumes of critical products to guarantee service; finance wants inventory minimised to reduce working capital; and operations want sufficient quantities of raw materials to keep equipment running efficiently. It is the job of an inventory management consultant to bridge these gaps, balancing all the competing demands and ensuring a correctly crafted and managed inventory level.

Maximizing Efficiency: Inventory Management Consultants

This can be done through the use of different techniques, such as ABC analysis (separating items into groups based on pricing and frequency of sales) or implementing a Just-In-Time strategy (where materials are only ordered when needed in the production process). Additionally, it is possible to use a dropshipping service to allow a retailer to ship products directly to customers from suppliers instead of holding them in the store.