The first phase of our purchasing and sourcing strategy consultation is to perform an overall inventory analysis.
This is completed irrespective of vendor. We will analyze where your inventory is sitting and where it is going, the velocity of your inventory and look at the demand relative to the amount in your inventory, as well as the consistency of your demand.
This analysis will determine how fast your product is moving through your supply chain. We will create a sourcing strategy based on how fast or slow your product is moving and in a way that best suits your service level agreements you are seeking to maintain with your customers.
Purchasing and sourcing strategy will help you determine how to manage your inventory. Once we have determined the variance in your demand, we will focus on building a strategy on how to deal with that demand (e.g., if your product is consistently fast moving, it needs to be as close to your customers as possible).
This analysis will show you what your current state looks like as well as what it could look like in the short term with our recommended changes to your purchasing and sourcing strategy. We will create a transition plan for these changes as well as demonstrate where your company could be in the long term (three to five years).