Inventory

RESULTS

  • Reduced Inventory 26% for distributor of Home Improvement products
  • Reduced inventory from $15.5 million to $11.5 million over 9 months.
  • Reduced stock outs and lost sales--even with less inventory.

APPROACH

  • Analyzed stock movement by warehouses across the county.
  • Analyzed supply chain from foreign suppliers
  • Designed purchasing strategy to more closely match regional demand.
  • Changed container packaging strategy to reduce shipping costs
  • Implemented monitoring tools to measure fluctuating demand by location.
  • Provided Warehouse Managers and Distributors with daily updates of products in the pipeline and estimated arrival dates.