INVENTORY OPTIMIZATION

Cash Improvement, Costs Reduction, Service level optimization

Context

Forizons' Inventory Optimization methodology is developed to help your organization to improve the inventory performance. 

The activity involved in the methodology:

  • Parts performance monitoring

  • Parts segmentation and inventory optimization 

  • Forecast and planning optimization

Forizons’ inventory optimization methodology focuses on achieving the optimal balance between working capital, service levels and costs  based on our 20-year experiences and the Forizons’ experts in inventory management, maintenance and MRO optimization.

Our Approach

Spare Parts Performance Monitoring

  • KPIs definition and setup

  • Spare parts KPIs dashboard

  • Service level monitoring

  • Decision making support

Spare Parts Segmentation and Inventory Optimization

  • Multi-criteria segmentation

  • Spare parts inventory screening

  • Stock ageing analysis

  • First level Inventory reduction

 

Forecast and Planning Optimization

  • Planning systems

  • Stocking policy

  • Supply Management rules

  • Stock collection design

  • Second level Inventory reduction plan

  • Technical and statistical second levels forecasting and plannin

Case Study

CASE 1: Forizons was assigned to lead a global spare parts inventory reduction plan for a helicopter manufacturer

Global spare parts inventory was reduced by 30% while maintaining service levels (for some subsidiaries service level increased by 5%)

CASE 2: Forizons helped a railway equipment man​ufacturer to reduce its spare parts inventory by 34% through advanced data analytics.

Impacts

+9%

Service level optimisation

-28%

Inventory reduction

-10%

Logistics cost reduction

Clients

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