Procurement & Inventory Management
In today’s globalized economy, the need to have a highly streamlined and efficient Procurement & Inventory management function is critical for the organization’s success. Procurement / Inventory management function in any organization has to ensure below listed key deliverables:
- Support the timely procurement of quality-assured products in adequate quantities
- Attain cost efficiencies in procurement and supply management activities
- Ensure the reliability and security of distribution systems
- Enable the monitoring of all procurement and supply management activities
Logesys has worked on multiple projects & delivered value to its clientele in the areas of procurement & inventory management. Business Intelligence applications and consulting services from Logesys helps to monitor and control the critical performance parameters such as
- Inventory carrying cost, Inventory turnover ratios
- Inventory velocity, Order Turnaround time
- Suppler fill rate, Supplier Lead time variability
- Shelf Life monitoring, Put Away / Pick Accuracy, Inventory accuracy
- Storage space utilization, dedicated space handling, etc.