Profitability of business depends on resource utilization. Smart investment in inventory is thus very crucial. Inventory management is a very multifaceted yet delicate balancing act. Investment in buffer inventory eats up cash, but confiscating it may have its own negative consequences. The focus of inventory management is on seamless supply of products to customer requirements, speedy order execution, and ideal buffer stock.

The Business Intelligence Advantage

• Control inventory investments while achieving productivity and customer satisfaction.
• Understand the performance history of inventory management.
• Fine-tune the relationships between key performance indicators of inventory.
• Better understand balance between cash holding and customer requirements.
• Take decisions effectively in defining goals by analysing inventory days and turns, stock keeping unit order frequency and average cost of product wise inventory.
• Supervise success rate by monitoring performance against targets like products occupying less than a percent of total margin, rarely ordered products or products with more than expected demand.