Inventory Growth Control
ScottMadden has helped a number of organizations with their suppy chain analytics and data science needs. Contact us to learn how we can help support your digital solutions projects.
At A Glance
Data Analysis
Performed data analysis across multiple years and millions of records
Root-Cause Analysis
Targeted deep-dive analysis for specific transactions which helped identify root-causes of inventory growth
Inventory Management Council
Helped stand up an inventory management council to monitor future inventory transactions and trends
Challenge
A vertically integrated, investor-owned utility was experiencing substantial long-term growth in its inventory levels. ScottMadden was engaged to assist in identifying the root causes of the growth and recommend solutions to control future growth.
Process
- Performed a comprehensive data analysis across inventory transaction data over multiple years and millions of records to identify the sources of growth
- Developed a data visualization solution to assist management in monitoring ongoing sources of inventory growth by transaction source, i.e., division, location, part type, transaction type, and inventory status (stock-out, over-max, etc.)
- Targeted deep-dive analyses for specific transactions to understand the rationale and actions leading up to the purchase, adjustment, repairable, milestone payment, or other transaction type
Result
- Supported the implementation of a monthly inventory management council to challenge and investigate inventory growth transactions with a focus on deploying solutions to mitigate growth
Related Insights
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Case Study
A vertically integrated, investor-owned utility was experiencing substantial long-term growth in its inventory levels. ScottMadden was engaged to assist in identifying the root causes of the growth and…
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Case Study
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Let’s Work Together
We don’t solve problems with canned methodologies; we help you solve the right problem in the right way. Our experience ensures that the solution works for you.