bpo future forward: 5 elements of optimized inventories in supply chains
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THE SALES AND FULFILLMENT (S&F) SERIES
5 elements of optimized inventoriesin supply chains
@Infosys_bpo #SCM
5 elements of optimized inventories in supply chains
THE SALES AND FULFILLMENT (S&F) SERIES
A significant portion of spares in after-service parts and maintenance, repairs, and operations (MRO) supply chains are
slow movers and contribute to low inventory turns. Simple inventory control methods fail to optimize inventories and lead
to low inventory turns and fill rates. However, by focusing on 5 elements, organizations can overcome the challenges in
inventory optimization.
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5 elements of optimized inventories in supply chains
THE SALES AND FULFILLMENT (S&F) SERIES
1
Robust scientific models based on
statistical modeling can improve
inventory parameters like
target service levels, fill rates, lead times,
and safety stock
2Inventory
optimization is a continuous process
and requires a strong process-oriented
approach to ensure parameter values and supply chain
behaviors are captured and
updated regularly
SCIENTIFIC INVENTORYMODELS
STRONG PROCESSORIENTED APPROACH
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5 elements of optimized inventories in supply chains
THE SALES AND FULFILLMENT (S&F) SERIES
3
Platforms are integral to the whole optimization process
and can simplify extracting, cleansing
and normalizing data, while
validating inventory forecast models
4Knowledge process outsourcing (KPO) enterprises have
developed innovative and mature shared service delivery
models that can be leveraged to optimize the
inventory process
TECHNOLOGYPLATFORMS
PROCESS MANAGEMENTWITH KPO PARTNERS
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5 elements of optimized inventories in supply chains
THE SALES AND FULFILLMENT (S&F) SERIES
5Cloud enables
software vendors to offer innovative
pricing models such as pay-per-use and
monthly subscription to avoid upfront investments and reduce the total
cost of ownership (TCO) of IT
CLOUD-BASEDSOLUTIONS
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5 elements of optimized inventories in supply chains
THE SALES AND FULFILLMENT (S&F) SERIES
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