Damco’s Stock-to-Serve optimisation service enables you to identify business issues that are driving excess or lack of inventory in your supply chain.
Our dedicated team of experts will analyse inventory levels for different SKUs in your end-to-end supply chain to identify inventory ‘hot spots’. By simulating alternative inventory scenarios, we will be able to define solutions that effectively reduce your level of inventory holding and define what, when and how much to order.
Our analysis will include close collaboration with buyers, merchandisers and shipping & logistics teams within your company. This is done to ensure there is alignment with all stakeholders, as well as guarantee that the suggested solutions are sustainable in the short-, mid- and long-term.
The right quantity at the right time
Our proven methodology will help you clearly identify and quantify behaviours which are creating sub-optimal inventory levels within your supply chain.
Stock-to-serve will assist you in defining what is the right quantity to order for each SKU; each and every time. By avoiding stock-outs, you will be able to increase your sales and your customer’s satisfaction. By reducing over-stocking, you will release cash from your supply chain and diminish your obsolescence levels, thus improving your bottom line.
The benefits when implementing our suggested solutions include:
- Reduced inventory holding
- Improved service levels
- Free up cash tied in inventory
- Reduce transport costs through ordering and shipping less.
All in all, lower costs, increased sales and improved customer satisfaction.
For further information on Damco’s Stock-to-Serve, please contact your local office.
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If you are involved in international logistics, it is likely that you already work with one or more third-party logistics providers (3PLs) or are considering to purchase 3PL services in the near future. In either case it is critical that you select the right company for the job.