description != null):?> keywords != null):?> Inventory Management | Highland Group Live (new)

Inventory Management

NEEDS-BASED RESULTS

 

Inventory Management

SITUATION

Leading global supplier of rolling bearings, seals, mechatronics, services and lubrication systems needed to reduce inventory and improve product availability.

DRIVER GOAL

  • Identify the root causes for the current reduction in product availability.
  • Launch a program to rapidly improve availability and reduce finished goods inventory.

RESULT

  • Implemented radical change of manufacturing concepts for constrained channels.
  • Developed a simplified and agile planning process.
CS-364 large

Case Study

Optimize Product Availability: Manage Inventory & Reduce Costs

Issue

One of the leading global suppliers of products, solutions and services in the area comprising rolling bearings, seals, mechatronics, services and lubrication systems needed to reduce inventory and improve product availability. 

Highland Approach

The Highland Group’s analytical professionals conducted a Discovery and Design process that identified and detailed the key issues and the specific approach required to achieve the desired results and the projected benefits.

Actions Taken

  • Analyzed current availability, stock levels and associated data to identify sources and patterns of poor performance.
  • Conducted structured interviews with managers and executives in selected Sales, Service and Distribution centers to obtain their understanding of issues and develop hypotheses.
  • Implemented a General Availability Improvement Program for sales areas and all factories.
  • Implemented a market-focused supply chain strategy review.
  • Produced consolidated project implementation following review by Global Supply Chain Board.

 

Undertook Deep Drill analyses of selected areas which impact stock levels and availability:

  • Forecast & demand management processes;
  • Replenishment planning and product reservation;
  • Product or customer prioritization process; and,
  • Key decision points and informal systems.

Developed a simplified and agile planning process and implemented a market-focused supply chain strategy

Related Information

subject matter-based

Head of Organizational Development

Don is an internationally recognized organizational change and development expert with 33 years of global experience in partnering with results-oriented clients to achieve sustainable behavioral change and targeted bottom-line results in productivity, quality and profitability. He is recognized for fostering high levels of enterprise-wide sustainable performance improvement ownership. Don’s key strengths include his ability to engage stakeholders at all levels, create collaborative environments and work within the culture to achieve leadership, management and employee breakthrough results.

Presenting Analyst

John is a Senior Executive and Presenting Analyst at The Highland Group with more than 30 years of leadership experience in management consulting. He has led hundreds of global consulting engagements that delivered an array of operational improvement solutions with total client benefits exceeding $1 billion dollars.

Senior Consultant

Supply Chain

Laurence has more than twenty years of industry and consulting experience in all areas of supply chain management – including inventory management and procurement – and in Total Working Capital management.