Stocking Parameters
- Balancing Coverage vs. Risk
- Using simulations to set and adjust the Stocking Parameter.
- Hybrid Parameters: Value Based, Product Based
- Evaluating your current Stocking Parameter
Inventory Removal / De-stocking
- Setting Phase-In and Phase-Out Parameters
- De-stocking impact on Inventory Turns
- Options for removal
Demand Management
- Recording Lost Sales
- Root cause: Price vs. Availability
- Impact on stocking and Fill Rate
- Impact on VMI type programs
- Correcting Abnormal Demand
Factors controlling Fill Rate
- Adjusting Stocking Parameter
- Impact of Breadth (Compliance) on Fill Rate
- Impact of Inventory Accuracy on Fill Rate
- Managing Supersessions
- Rolling Demand History to the new part
- Implementing a “Sell First” solution
Managing Kits
- Building kits for campaigns and seasonal events
- Tracking demand for kits
- Dismantling kits for component demand
Managing Slow Moving Parts
- Velocity based slotting tactics
- Storage density methods
- Consolidation strategies
Inventory Profiles
- Monitoring Inventory Health
- Setting up an Inventory Profile
Download the full agenda here.