Inventory Management Consulting

Whether your focus is on raw materials or finished product inventory, Altemir Consulting provides manufacturers, distributors, and retailers with reliable inventory management and control expertise to help reduce costs, ensure material/product availability, and maintain full work-in-process (WIP) cost absorption.  Inventory turns and balance sheet performance will improve accordingly as an added bonus.

We are fluent in the vocabulary of vendor-managed inventory (VMI), kanbans, reorder points (ROPs), economic order quantities (EOQs), safety stock, and MINs/MAXs.  We got your back on this one.

Inventory Optimization

We can often reduce inventory while at the same time increasing fulfillment rates to your desired levels (95% ~ 99.9%) validated through a real-world MRP simulation.  In this way, we can provide you with a practical opportunity for a quick-turnaround cash flow boost enabled by safely decreasing your purchasing spend, usually over a period of several months.  Inventory turns and balance sheet performance will also improve as an added bonus.

Our specialized analytical approach can be applied to finished goods or raw materials for manufacturers or distributors for hundreds or thousands of items.  We have identified opportunities to safely reduce inventory by as much as 80% while simultaneously minimizing shortages and improving material and product availability, taking into account seasonality and forward-looking forecasts.

To further reduce risk, we can structure our compensation as a percentage of actionable inventory reduction enabled by our optimized inventory planning and purchasing.

Schedule a phone call to learn more at no obligation.

Ask about making our consulting fee contingent upon your actionable inventory reduction

Inventory Accuracy and Control

We work with manufacturers and distributors who rely on having accurate raw material, work-in-process (WIP), and/or finished good inventories.  We can help establish effective:

  • Material planning
  • Warehouse organization
  • Transaction practices
  • Cycle counting programs
  • Physical inventory counting programs

If your organization currently relies on routine wall-to-wall physical inventory counting, you will particularly appreciate our assistance in establishing effective material receiving, material consumption/issue transactions, shipping, and cycle counting.  The need for frequent wall-to-wall physical inventory counts can be eliminated altogether to the satisfaction of accountants and other financial and operating stakeholders.

We can assist with refining and improving your physical inventory methodology to ensure accurate inventory levels, costs, and locations.

Kanbans and Lean Inventory Management

Some manufacturers may benefit from physical (or virtual) kanbans.  All our inventory management and control paradigms are Lean by nature and obey essentially the same mathematical treatments as do kanbans.  We can help establish Lean pull flow using kanbans, supermarkets, and (in the case of manufactured items in job shop environments) Lean MRP.

Impaired Inventory Resolution

We can assist with analyzing your inventory to evaluate damaged, obsolete, and non-moving items.  In some cases, we can actively pursue opportunities to sell these assets to minimize write-offs.

Asset Management

We have successfully applied our significant manufacturing inventory experience to asset management.  This is particularly valuable in those situations where company assets such as vehicles, equipment, tools, or other capital items are routinely employed in the provision of customer services.

We are system-agnostic

We have deep transactional business, analytic, database, and technical skills that can help rapidly transform the use and benefit of any ERP or enterprise IT system.

Some systems that we have direct experience with include but are not limited to:

Explore the Possibilities ...

We welcome inquiries from all businesses, small and large, that are eager to move to the next level.  Feel free to contact us to discuss your specific needs at no obligation.