Warehouse Inventory Streamlining
The operational maturity journey takes organizations on a journey where they firstly optimize their business process through the implementation of industrial engineering skills and methodologies.
Warehouse Inventory Streamlining
The operational maturity journey takes organizations on a journey where they firstly optimize their business process through the implementation of industrial engineering skills and methodologies.
Generic Operational Maturity Journey;
Our approach has four core components:
Convergenc3’s inventory management streamlining capability involves the application of world-class manufacturing, supply-chain and operations research methodologies to establish operationally efficient inbound and outbound-logistics and warehouse operations.
Our approach has four core components:
Convergenc3’s inventory management streamlining capability involves the application of world-class manufacturing, supply-chain and operations research methodologies to establish operationally efficient inbound and outbound-logistics and warehouse operations.
Inventory Streamlining
Applying world class manufacturing, supply-chain and operations research methodologies to establish operationally efficient Inbound, Operations and Outbound-logistics capability.
Warehouse streamlining requires the following efforts to be imbedded as prerequisites in order to reap the full benefits of the intended initiative:
Strategic Alignment
the desired outcome from warehouse streamlining must be defined by the project sponsor, change management team and project managers
Defining strategic intent
- Governing warehouse, operations and distribution inventory design principles
- Profitability optimization
Key enablers
- Vision
- Mission
- Goals
- Objectives
- KPI’s
These strategic intent elements act as a foundation for planning and directing activities, and should be shared with all internal stakeholders
Customer Segmentation
Targeted customer groups for the strategic
intent must be defined
Enhancing customer relationship management
- Customer journey mapping
- Customer engagement
Key enablers
- People
- Strategy
- Technology
- Processes
These enablers work together in combination to search for and understand customer groups, along with their associated needs, goals, motivations and frustrations
Product Segmentation
Priority products to satisfy needs
of target customer groups are identified
Enhancing forecasting methodologies
- Incorporating product lifecycle
- Customer behavioural analytics
Key enablers
- Reliable internal and external data
- Managing product lifecycle across all SKU’s
- Factoring in seasonality and promotional campaign
Product segmentation enhances forecasting methodologies by helping organizations prioritize on profit generating products
Supply Planning
Enhanced supply planning methodologies and technologies are imbedded to satisfy customer needs by improving product quality and reliability
Enhancing supplier management
- Supplier performance measurement frameworks
- MI dashboard with supplier lead time, delivery patterns and schedules visibility
Key enablers
- ICT system alignment
- Overseeing supplier lead times and delivery patterns
Enhanced supplier management requires a higher degree of integration across the entire supply chain
Warehouse Management Streamlining
Inventory streamlining balances investment constraints against business objectives and fulfillment targets across a large variety of inventory stock keeping units.
Enhancing inventory management
- Warehouse process efficiency optimisation
- Warehouse layout optimisation
- Warehouse process and workflow automation
Key enablers
Strategic alignment, customer segmentation, product segmentation and supply planning
The Operational Maturity Journey
The operational maturity journey takes organizations on a journey where they firstly optimize their business process through the implementation of industrial engineering skills and methodologies. Once processes have been optimized, they need to be standardized through drafting relevant documentation and providing effective change management reinforcement to ensure long term adoption and consistency. The standardized processes are thereafter enabled to operate more efficiently through the adoption of relevant technologies. Lastly, after transformation, high level strategies are defined to enable the organization to have a competitive advantage and obtain growth
