Inventory Consolidation
Inventory consolidation works to simplify your supply chain while reducing costs and improving efficiency.
Consolidating your vendors can help save you time and money in several ways:
- Reduce warehousing, cost of capital, and inventory reduction
- Reduce invoicing and A/P costs
- Reduce logistics costs with fewer small quantity orders
- Reduce unit cost by consolidating raw material and packaging spend
- Improve manufacturing efficiency by reducing changeovers, leading to reduced unit cost
- Reduce inventory for both finished goods and raw materials (including packaging)
- Increase forecast accuracy due to elimination of small unforecastable products
- Increase margins and business profitability due to the reduction in operations costs