Inventory Management Tools
Warehousing space can be optimised by ensuring that the correct level of stock is being maintained at all times.
Gideon Hillman Consulting supports many of it's clients by the provision of dynamic Inventory Management Tools models, allowing you to maintain and refresh the calculations without the need for extended or unnecessary consultant time.
The following are examples of areas where these tools are provided:
- Cycle Stock
- Replenishment Lead Time Safety Stock
- Demand Variation Safety Stock
- ABC analysis of SKUs
- Economic Order Quantities (EOQ)
“I’m delighted with the approach and models that the Gideon Hillman Consulting team delivered” said Tony Upton - Global Spares Director, Goodrich Engine Control and Electrical Power Systems Services. “Not only do we now have the process, rationale and models to periodically optimise our inventories, but I can also use the models as a key management tool. I am now able to demonstrate and manipulate the links between inventory levels, service targets and ultimately operating cashflow”.
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