Optimize your product flow and inventory assortment to maximize profitability.
Meeting consumer product demand, creating a positive customer experience, and effectively vying with the ultra-competitive order-to-delivery times that leading retailers have implemented all require inventory precision and positioning.
Inventory optimization (or product flow optimization) allows your company to reduce out of stock items, minimize carrying costs, increase fulfillment turn rates and ensure margins are preserved. By balancing capital investments, maintaining service level goals and considering supply and demand volatility, companies can dramatically improve inventory turns, improve service levels and significantly reduce costs.
Proper inventory management will allow you to keep the correct amount of stock on hand and reduce the minimum amount of stock required to maintain optimal service levels for your customers.
enVista’s inventory optimization process involves accurately allocating your inventory across your supply chain channels, evaluating your supply and demand volatility to determine optimal safety stock levels to reduce overall inventory levels, reduce capital holding costs and maintain or improve service levels to your customer.