Comprehensive analysis of inventory management performance metrics including turnover efficiency, carrying costs, and supply chain reliability to optimize stock levels and improve service performance.
Track and analyze key inventory management metrics for construction supplies and fixtures to optimize stock levels, reduce carrying costs, and maintain high service levels. This quarterly review focuses on inventory turnover, stockout prevention, carrying costs, and supplier performance to support strategic inventory planning decisions.
Review of inventory turnover rates and stockout incidents across product categories.
Questions to Consider:
How do turnover rates vary across product categories?
Are stockout rates within acceptable thresholds?
Which categories require adjusted stocking strategies?
|
|
Analysis of carrying costs and their impact on working capital efficiency.
Questions to Consider:
How are carrying costs trending?
What is the relationship between inventory levels and carrying costs?
Are there opportunities to optimize storage and handling costs?
|
Evaluation of supplier reliability and lead time performance.
Questions to Consider:
How reliable are our key suppliers?
What is the impact of lead times on inventory strategy?
Are there opportunities to improve supplier performance?
|
Evaluate opportunities to optimize stock levels in low-turnover categories
Assess impact of supplier lead times on safety stock requirements
Review carrying cost components for potential reduction opportunities
Analyze seasonal demand patterns for improved inventory planning
Investigate correlation between lead times and stockout rates
Consider supplier diversification for high-risk categories
Evaluate storage optimization opportunities
Review ABC classification and stocking strategies