Despite its importance to the supply chain, methods for inventory management and lowering inventory costs are not well understood. Inventory is seen as both a positive and a negative  as an economic asset to a non-income-producing use of capital funds. Only when considered in light of all quality, client service and economic factors from the viewpoints of purchasing, manufacturing, sales, and finance does the whole picture of inventory management become clear? No matter the viewpoint, effective inventory management is essential to supply chain competitiveness.

Here at CANOPY SHIELD AGENCIES LIMITED, we assist companies develop an effective approach to inventory management by:

• Assessing inventory management practices

• Improving forecasting accuracy

• Creating more logical stocking policies

• Managing cycle stock to reduce costs

• Establishing dynamic safety stock levels based on client service

• Cross-docking, cycle counting, transferring, and discontinuing SKUs effectively

• Reducing purchase transaction and manufacturing set-up/changeover costs

• Continuously improve inventory performance.