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Inventory Controllers

 
Started by : Sudhansu Jena, Logistics Manager, Target   09 21 2008 03:21:52 +0000
Industry : Retail Chain/LogisticsFunctional Area : Logistics & Supply Chain(Operations)
Activity:  19 views;  last activity : 07 06 2010 20:18:09 +0000

Companies in India are struggling to reduce their costs of operations, Inventories is the area which are receiving considerable attention. So how BI is going to help in better inventory management.

 
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1 2 3
1 Inventory Variance Analysis
2 Inventory balance
3 Inventory Holding Cost

Inventory Variance Analysis

idea posted by Akhilesh Majumdar Logistics Manager, Tesco
Comparing stocks at two points in time, and analysing the difference as caused by quantity changes and as caused by rate changes can show some interesting results.
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Inventory balance

idea posted by Sudhansu Jena Logistics Manager, Target
Inventory balance at the end of a period along with value can be maintained with BI. The inventory balance data would be by dimensions of  business unit, location, warehouse etc., and the transaction data would summarize by the same dimensions. The arithmetic accuracy of this data will help in eavulating the performance and reduce cost.
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Inventory Holding Cost

idea posted by Akhilesh Majumdar Logistics Manager, Tesco
How does one analyze how quickly inventory has been consumed after it was purchased? This could give a good indication of the entire procurement process. If the inventory was purchased and consumed after many days, it may mean that the organization is incurring a holding cost. Inventory Holding Cost Analysis can be helpful in reducing this cost.
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