Inventory Management

Inventory management is governed by the laws of probability and statistics and the ideal operating methods are already well established. Success is a matter of putting them to use.

In the past, people knew what to do – but didn’t have the tools to do it. Now these tools are readily available.

Not everyone has the training and education to conduct sophisticated statistical analysis; that’s okay. The goal is to have fewer people making better decisions using the best available tools and techniques.

If you’re looking to take a significant bite out of your inventory, KCB can help. We have helped companies master the basics of inventory planning and control. We have also helped organizations implement more advanced concepts like statistically set safety stock, SMI1 and SMI2. And we have helped companies to achieve step change inventory performance improvements through strategic changes such as SKU rationalization, service level differentiation, specification standardization and manufacturing flexibility.