Context
Forizons' Inventory Optimization methodology is developed to help your organization to improve the inventory performance.
The activity involved in the methodology:
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Parts performance monitoring
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Parts segmentation and inventory optimization
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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
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KPIs definition and setup
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Spare parts KPIs dashboard
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Service level monitoring
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Decision making support
Spare Parts Segmentation and Inventory Optimization
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Multi-criteria segmentation
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Spare parts inventory screening
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Stock ageing analysis
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First level Inventory reduction
Forecast and Planning Optimization
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Planning systems
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Stocking policy
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Supply Management rules
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Stock collection design
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Second level Inventory reduction plan
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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 manufacturer to reduce its spare parts inventory by 34% through advanced data analytics.
