Operational Efficiencies & Effectiveness is the only way to save money!!!
With ~ 70 to 75% average organizational costs are associated with materials & services sourcing, procurement and inventory with prime mantra - A DOLLAR SAVED IS DOLLAR EARNED
PiLog, as renowned partner of choice has been assisting customers across industry domains in journey to excel in Inventory Optimization. PiLog enables customers to make their entire Supply Chain Optimized; systematic process driven value model to drive organizational effectiveness & efficiencies across processes with tighter integration. Salient process enablers for our value models in Inventory Optimization:
Zero Maverick Spend and 100% Contract Compliance
TReduction in cost of sourcing & procuring products and services YoY ~20%
Inventory operations costs reduction YoY ~ 10%
Spares Inventory Hoarding Reducing YoY ~ 15%
Adherence to standards, policies, procedures and planning > 95%
WOW, Saving - Saving ($$$) on every event in supply chain!!!
Revalidating and updating of Inventory parameters of Safety Stock, Re-Order Point, Min. / Max. Levels
Optimize Bin, Rack, Open, Bulk and Yard Management hypothesis and recommendations
Recommendations on Storage conditions
Physical inventory process review and recommendation for cyclic, sample stochastic inventory taking
Review and update of warehouse audit procedures and schedule
Review and update of exiting picking and put away strategies
Hypothesis and recommendations on non-moving or slow moving items
Recommendations on materials for Vendor Managed Inventory (VMI), Hub and Spoke based Inventory distribution and centralized warehouse management within sister concern
Once in three years Material Criticality Assessment
Every quarter Spend and Supplier Performance visibility
Revisit the ROP, SS, Min. / Max, EOQ etc. every year
PiLog envisages its rich experience & industry best practices and committed to continually improve Supply Chain for all events with 500+ Skilled engineering professionals globally Expertise in business process optimization, automation and product management.