The new inventory module from SCC to conserve capital
Supply Chain Consultants (SCC), founded in 1993, is a supply chain management software and services company with headquarters in Wilmington, Del. SCC’s Zemeter software and related services help manufacturers plan demand better, manage inventories, plan production and replenishment, and schedule operations.
The company has announced the introduction of a new inventory management module for its Zemeter family of supply chain management software tools. Now is a time of economic recession due to which products of all types are beginning to back up in the supply chain. This in turn results in the blockage of money in an idle asset. So, the basic area in focus in the modern supply chain scenario is reducing inventories and conserving working capital. The newly released Inventory Analyzer (IA) by SCC provides a scientific way to identify pockets of non-productive inventory so a business can reduce working capital without having detrimental effect on its performance and other business goals.
“Pressures to reduce working capital have never been greater,” said Sujit Singh, chief operating officer of Supply Chain Consultants. “The need to generate cash is more urgent than ever before. Now, for the first time, there is a painless way to identify not only what inventories can be cut, but also exactly how many dollars can be reduced. At the same time, the process allows you to see areas where “inventory right-sizing” indicates the need to increase certain stocks or rebalance their location.”
“Based on our experience with initial users, this new inventory management tool has been able to demonstrate savings of tens of millions of dollars,” added Singh. “We believe we can replicate this kind of savings with any large manufacturing company.”
The many benefits of the Inventory Analysis software include:
• Reduction in the size of idle inventories and regular updation of inventory status.
• Quantifying dollars reducible (over target) at flexible levels of aggregation (by any slice/dice combination);
• Providing executives with a clear, simple of total cash reductions achievable across materials and plants;
• Tracking progress continuously versus using reduction targets.
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