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Capital Intensive industries include the Mining, Refining, Smelting, Utilities and similar industries.
Capital Intensive Inventory Optimisation
The consultants at Bruce McNaught and Associates have achieved successes in these industries identifying savings totalling well over 100 million Dollars.
Maintaining production is paramount in these industries and yet in industries where profitability is maintained by a narrow margin tight inventory management is also crucial.
There are many items held in the warehouse which offer convenience only. Others are critical in the maintenance of production. A series of Criticality Codes are developed for each site and a regime of stock out costs is then allocated for each item depending on the Criticality, Availability and other factors. Along with sophisticated forecasting algorithms these stock out costs are used as a basis upon which to determine the prudent replenishment strategy that should be adhered to for each stock item.
The stock minimum for each item is determined by the forecast usage during the lead time along with a safety stock determined by the stock out cost and other factors.
We can provide very sophisticated forecasting techniques along with very appropriate algorithms to calculate minimum stock levels and reorder quantities perfectly tuned to your site requirements.
Whether we implement the SIAM package or build this functionality into your own IT system Bruce McNaught and Associates will reduce you inventory holding cost. At the same time you will experience a raising the overall service level with corresponding improved availability of plant on site.
Head Office 7 Abbey Street Wavell Heights Brisbane 4012 Australia Phone +61 7 3266 2047 |
| Queensland |
ABN
29 110 948 457