Management aims to ensure efficient operations and high customer satisfaction. However, certain practices and KPIs can become obstacles to your supply chain success.
What are some common issues that impact performance?
- Over-reliance on financial stock turn ratios: Focusing only on financial stock turn ratios can hide inefficiencies at the unit level, leading to poor insights and missed optimisation opportunities.
- Planning based on 13-week averages: Using a 13-week average overlooks key factors like product growth, decline, and fluctuating demand, often resulting in overstocking or stockouts.
- Sales-driven inventory decisions: When sales teams control inventory, demand is usually overestimated, leading to excess stock.
- Factory planning focused on lowest cost per unit: Prioritising low production costs over actual demand leads to excess inventory or stockouts, increasing holding costs or missed sales opportunities.
- KPIs that conflict with supply chain performance: Misaligned KPIs between business units and the supply chain can cause stock imbalances, harming service levels and profitability.
Finstock can help you align business processes for supply chain success.
At Finstock, we understand how conflicting business practices can hinder your supply chain performance. Our customisable, data-driven solutions are designed to align your business rules and KPIs into a cohesive supply chain strategy. We offer:
- Tailored inventory replenishment plans: With our MPS solution, we build optimised replenishment plans that align with both supplier constraints and demand.
- Real-time data integration: By leveraging best-of-breed software, we ensure your sales, production, and supply chain functions are working together in harmony.
- Continuous operational support without hidden consulting costs: We provide ongoing support to adjust strategies as your business grows or market conditions change, ensuring seamless alignment with your business goals.
Take the next step towards supply chain excellence.
Ready to transform your business processes and boost supply chain performance? Contact our team of experts today to learn how our innovative solutions can optimise your operations and elevate your business. Together, we’ll eliminate inefficiencies and drive your business to new heights.
Read more about FinStock’s solution offerings:
