In-depth inventory analysis recovers 1.6M to 31M items of lost inventory
A multinational electronics manufacturing company suffered from millions of variances in its inventory records due to inconsistent processes and lack of inventory control. An Agility analytics team was able to observe, document, analyze and improve the inventory problems that had hounded the company for so long. Within a few months, the team successfully accounted for a majority of the “lost” inventory. Variances improved from 39 percent to 88 percent, or between 1.6 million to 31 million items. The team continued to make improvements through re-alignment and stricter control measures. The project’s success has led Agility’s inventory analysis team to new opportunities in contract logistics, VMI operations and international freight forwarding.