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New Supply Chain Tool Aims To Reduce Inventory
By Mike Sachoff
Staff Writer
Article Date: 2009-05-04
Supply chain management software firm, Supply Chain Consultants has introduced a new inventory management module for its Zemeter family of supply chain management software tools.
Reducing inventories and conserving working capital is the number one challenge in the supply chain today. Supply Chain Consultants' new Inventory Analyzer (IA) provides a scientific way to identify non-productive inventory so a business can reduce working capital without hurting other business goals.
"Pressures to reduce working capital have never been greater," said Sujit Singh, chief operating officer of Supply Chain Consultants.
"The need to generate cash is more urgent than ever before. Now, for the first time, there is a painless way to identify not only what inventories can be cut, but also exactly how many dollars can be reduced. At the same time, the process allows you to see areas where 'inventory right-sizing' indicates the need to increase certain stocks or rebalance their location."
The benefits of the Inventory Analysis software include:
Reducing inventories without harming customer service
Quantifying dollars reducible (over target) at flexible levels of aggregation
Providing executives with a clear "birds eye view" of total cash reductions achievable across materials and plants
Updating inventory status continuously
Tracking progress continuously versus using reduction targets
The IA product can deliver measurable results in 30 days.
"Based on our experience with initial users, this new inventory management tool has been able to demonstrate savings of tens of millions of dollars," said Singh.
"We believe we can replicate this kind of savings with any large manufacturing company."
About the Author:
Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.
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