Inventory Diagnosis

You go to the doctor and tell him that your inventory hurts. He asks you to lie down and answer the following questions:

Do you want to increase your stock availability?

Set up an aspiration level jointly with Sales and Purchasing. Identify goods with shortages and abnormal demand patterns. Focus on these goods.

Do you want to reduce your stock?

Measure the turnover rate of your stock. Fast movers must have a high turnover rate, while slow movers may have a slightly lower turnover rate. Inventory of goods with a low turnover rate can probably be reduced.

Do you have non-moving stock in your warehouse?

Identify how much of your inventory is dead stock. Discuss with Sales which goods can be written off. Set up a procedure to sell/dump the dead stock.

Do you want to improve your inventory accuracy?

Set up a stock taking procedure. Identify the main causes for inventory differences and solve these. Focus your stock taking activities increasingly on the problem areas.

If it still hurts after six weeks, please make an appointment with a specialist.