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.

Product flow optimization allows your company to effectively improve your order to delivery times to be competitive in the global retail landscape.

Benefits of enVista’s Inventory Optimization:

  • Reduce overall inventory holding costs
  • Improve service levels to the end customer
  • Improve inventory turns
  • Reduce capital risks
  • Reduce distribution center storage requirements

With inventory management, you will see optimized inventory levels to match the needs of your business. This allows you to leverage inventory performance increases and changing product flows which can reduce stock levels to address issues of overcrowded warehouses, poor cash flow, and obsolete inventory. You will be able to utilize our in-house modeling tools that determine optimal inventory positioning down to the SKU-level based on push and pull boundaries, supply and demand variability, velocity class (ABC) and other factors.

Inventory management will help you determine optimal product position in the network in order to maintain service level but reduce overall holding cost of inventory. Importantly, this allows you to understand the cost of inventory held relative to the sales of the product.

Meet One of Our Industry Experts

Davison Schopmeyer

Davison Schopmeyer is a Senior Managing Partner of enVista’s Consulting practice and COO of the company. Davison brings more than 25 years of experience in leading strategy, consulting and software implementations that drive value to the bottom line. At enVista he is responsible for the consulting practices across all practices across all areas in Supply Chain, ERP, and CRM. He strives to gain the most value from strategies and software in implementations.

Our inventory optimization experts will utilize tools to review your inventory flow patterns along with the variability for your demand to create an optimized model of your inventory needs.

We will work to produce better inventory strategies that can help you improve profitability, drive customer satisfaction and increase business capital. These are just some of the services that will assist you with product flow and inventory optimization:

  • Inventory Assessment: enVista team members will spend one to two days at the client site deploying enVista’s Three Actuals process, observing your company’s actual place, actual processes, and actual The team will look at the forward purchase order and inventory files, as well as inventory snapshots year over year. The data collected will then be analyzed using enVista’s enVentory™ software solution. The enVista team will recommend how to change inventory days on hand, resulting in cuts to the inventory on hand and real dollar savings.
  • SKU Cost Assessment: Our consultants will look at the amount of sales you are producing in relation to the amount of inventory you are holding for a particular SKU. This will help us work together to rationalize why you have certain SKUs in your assortment and whether it makes sense to maintain your current assortment in order to mitigate overall SKU cost.
  • Replenishment and Order Planning: We will analyze the frequency and strategy of replenishment in your stores. Our experts will determine your minimum order quantities, and whether they should be held in store or in regional or central distribution centers. Replenishment is ultimately one of the driving factors in customer satisfaction.
  • Vendor Management: Quantifying the impact of different approaches for vendor management is a difficult task to undertake alone; that is why we will be with you every step of the way. We will help you determine the best approach, be it single source or multi-source, for certain products.
  • Merchandise Assortment and Space Planning: Our expert consultants will help you optimize profits in your retail space by square foot by choosing an assortment that helps you do that. We will help you effectively merchandise your assortment.

Why enVista?

enVista’s inventory flow strategists bring years of experience in determining how to design your inventory flow to drive profitability while meeting customer expectations. enVista’s approach to inventory flow optimization begins with understanding customer demand and working upstream in the supply chain, holistically capturing relevant factors from all areas of the company – including sales, transportation, warehousing, purchasing, and manufacturing.

We understand that a well-designed inventory flow strategy involves accurate allocation across store shelves and sales channels, safety stock evaluation, correct ordering policies, improved velocity, managing supply and demand variability, and inventory positioning based on push and pull boundaries. enVista leverages unique, in-house tools that determine optimal inventory positioning down to the SKU-level based on push and pull boundaries, supply and demand variability, velocity class (ABC), and several other factors. By taking a holistic, global optimization philosophy, we have achieved large reductions in inventory and huge improves optimizing inventory flow for hundreds of corporations.