Supply Chains and Inventory Management
We optimise inventory levels by using ‘ Just Right ’ principles. This means that materials are delivered when they are needed, reducing the need for excessive storage space and potential material wastage. The impact of Covid-19, the war in Ukraine and Brexit show that supply chain resilience is a strategic not tactical issue that affects not just customers and suppliers – but the whole industry and the wider economy. Logistics and supplier survival came to the forefront of the industry when suppliers could not meet their contract requirements due to material shortages or delayed delivery. This disruption is becoming the new normal and emphasises the importance of proactive supply chain management and collaboration. The supply chain needs to be able to rapidly react to volatility, uncertainty, complexity, and ambiguity. We help our customers to move the balance from ‘Just in Time’ to ‘Just Right’ . Relying on a small number of specialist suppliers of approved products and materials, many of which have been in use for decades, can lead to critical points of failure that affect impact the programmes and costs of large projects. The ‘Just Right’ challenge has brought the following to the forefront of the industry: • Management and mitigation of supply chain risk • Whole-supply chain collaboration • Demand forecasting and transparency • Contract management
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