Optimized Inventory for a Leading Eyewear Brand
admin September 2, 2021
Inventory Can Be A Nightmare
or a Master Key
It is inventory, not COGS, that is the main concern. Unsold, returned and aged inventory is unproductive & eats into the working capital. Compels discounts, extended credit, and more borrowing. Even out-of-stock is bad news. This is not the answer for increasing Sales, but is a veritable nightmare!
Your Supply Chain Needs to ‘Flow’
Our solution ‘Pravah’ designs the supply chain such that goods flow smoothly where they are demanded in the fastest possible time. It delivers substantive reduction in surpluses & shortages.
Essentially, it is a pull-based, demand-driven, self-adjusting supply system that enables just-in-time inventory.
It draws upon principles of the powerful business improvement science of ‘Theory of Constraints’.
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Avoid over-distribution of inventory
Place inventory buffers strategically through the supply chain
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Size inventory buffers correctly
Consider highs and lows in demand with attention to the impact of campaigns
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Stock optimally and replenish frequently
Act only when buffer depletes to a predetermined level due to a sale or supply downstream
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Prioritize
Decide service levels according to a simple colour coded priority system
How your business will benefit?
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Increase in Sales
Maximizing the availability of items with a quicker refill reduces stockouts.
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Reduced Goods Return
No scattered and broken inventory by controlling it at a vantage point.
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Smooth Stocking & Refill Function
Color coded priority mechanism clearly tells you what, when and how much to ship.
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Happy Sales Channel Partners
Increases ROI for channel partners significantly by reducing their inventory days.
Time to embrace change
We will handhold you in introducing and implementing the change that ‘Pravah’ brings your way.
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Re-orientation of company supply policies
Order indenting | Warehouse picking & packing | Min shipment quantity
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Change in Distribution model
Channel partner ROI becomes key focus
