Manufacturing Today Issue - 230 Nov 2024 | Page 19

____________________________________________________________________________________ Inventory Management
■ What happens if I shift my push / pull boundary up an echelon ?
■ What SKUs should be stocked in which DCs ?
■ What happens to last mile delivery ( transportation ) costs if I change my stocking policies ?
■ What happens to my system inventory investment and working capital if I shift inbound supplies from overseas to incountry ? Is it worth the move ?
■ What is my ‘ perfect order ’ service rate after I make a change ? What about the per-customer service rate ? Is it an order-based service rate or line item fill rate ?
Five steps to a winning inventory strategy
Consolidate and unify the relevant supply chain data The supply chain comprises various elements and factors contributing to streamlined operations within your organization and your inventory planning and management . To model a change to your inventory strategy , you must bring together the relevant data :
■ Nodes of your network
■ Products to be modeled
■ Customers and customer demand
■ Order history
■ Lead times and / or transportation modes
■ Suppliers manufacturing-today . com 19