At the heart of Wolseley Industrial’s sourcing strategy is buying the right products, to the right specification, and at the right price.
Inventory Optimization is focused on increasing inventory availability while decreasing investment and improving returns on invested capital. Wolseley Industrial works with our customers to evaluate their current inventory position, develop an inventory plan for the future, implement the change process, and disposition the residual material.
After optimizing inventory, ongoing inventory management processes include:
Building block of inventory management tools including replenishment optimization, early warnings, and cycle counting.
Advanced Problem Detection:
Proactive tool to identify items, expedite orders, and correct stocking levels.
Replenishment Setting Optimization:
Assessment of settings driving stocking levels based upon consumption, Lead-times, service-levels, demand patterns and package quantities.
Inventory Deployment Strategy
An effective item planning process will efficiently manage different types of deployment for a single product from point-of-use, to central stockrooms and/or regional deployment storage. The plan can be implemented within your existing system or in conjunction with our replenishment and inventory management systems. This includes managing inventory that is customer owned, third-party supplier owned or Wolseley Industrial owned.
One process – one system – one optimized investment