Real Life CFO Challenges Topic 4: Inventory Visibility

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Challenge3-michael.pngMeet CatherineCFO of a well-established furniture distribution company.


Catherine's company lacks visibility across multiple warehouses and has difficulties with maintaining optimal stock at a level that improves cash flow and reduces working capital.

In post #4 of the Real Life CFO Challenges series, we will uncover strategies to help solve Catherine's inventory visibility challenges.
 
Catherine's Challenges:
  • Excess and costly stock holding which leads to decrease in cash flow
  • Lack of visibility across multiple warehouses
  • Lack of efficiencies in supply chain
  • Slow ordering and delivery process


Catherine's Needs:                                                     

  • Better visibility across multiple warehouses to maximise delivery efficiencies and minimise stock outages
  • speed up the forecasting process to enable more reliable and accurate information to the stock controller, procurement officer and financial controller
  • Improve customer satisfaction levels


The Solution:

Catherine found a solution that fits like a glove into her company's existing ERP system and provides a total return on investment in a record amount of time, adding real-time benefits and value to their overall system. The solution delivers the following:

  • Increase the visibility across multiple locations
  • Speed up the forecasting process to enable more reliable and accurate information to the stock controller, procurement officer and financial controller
  • Prevent stock outs without overstocking and reduce the time and effort spent on monthly forecast
  • Provide graphical representation of the trends in certain stock categories and product lines which is a great advantage in any inventory management scenario


The Benefits:

  • Investing only on optimum selling stock or SKU’s
  • Decreasing investment in slow moving or non-profitable stock
  • Optimum order fulfilment due to cross location visibility
  • Improve replenishment of stock
  • Actionable data
  • Optimised ordering
  • Lowering working capital needed
  • Reducing surplus stock

To learn more how to boost inventory visibility and discover solutions that fit your business requirements, talk to one of our warehousing/ERP experts today


We understand your organisation is unique. Your technology should match your business processes - your unique way of doing things. We help your organisation perform better by designing and developing the solutions that work for you - all delivered on time, within budget and with faster time to benefit. With offices in Sydney, Melbourne, Brisbane, Perth and with over 50 Awards received from Microsoft, SAP, Sage and Accellos, MicroChannel has outstanding credentials as one of the most respected solution providers in Australia.

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