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Inventory Management Review

Many businesses struggle getting their inventory balance right. The wet finger approach based on gut feel and experience can fail in a very expensive way that shows up at the next annual stocktake. Even spreadsheets run by experienced inventory controllers can lead the best business astray.

Poor stock management in the warehouse can lead to low levels of inventory accuracy that create constant headaches for warehouse staff and profuse apologies to customers from your customer service team.

It’s time to stop all that drama and take stock of your internal processes and systems and identify the weak points that are letting your business down.

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Gain clarity, control, and confidence in your inventory

key benefits

REDUCE EXCESS & OBSOLETE STOCK

Excess and obsolete stock is costing you more than you think. It takes up valuable space in your warehouse that could be used to store stock that sells.

ENHANCE PLANNING & FORECAST ACCURACY

Better forecasts allow you to improve stock availability to keep your customers happy without spending too much on stock.

FREE UP WORKING CAPITAL

Reduced stock value frees up cash to buy new stock lines or invest in making your business better.

REDUCE STOCKOUTS - IMPROVE SERVICE

Stockouts disappoint your customers and send them to your competition and cost you more in freight. Stockouts frustrate your staff who waste time looking for stock.

INCREASE WAREHOUSE SPEED & ACCURACY

Accurate inventory makes everything in the warehouse run smoothly. Smooth is fast and accurate.

MAKE CLEAR DECISIONS

Good forecasting and planning removes the guesswork and allows you to make confident purchasing decisions.

outcome achieved

The Inventory Management Review provides a comprehensive analysis of how your business plans, stores, controls, and replenishes stock. We’ll identify the root causes of excess inventory, stockouts, slow-moving lines, and operational inefficiencies and provide practical, achievable solutions.

Improving your inventory management is the highest ROI investment you can make in your supply chain because it can make a big difference to your highest business investment – your inventory. Better planning can cut your inventory investment in half and increase your customer service! Better management of physical inventory can eliminate your stock losses from unknown causes.

Issues Addressed

Ideal for businesses that:
  • Are carrying too much stock
  • Experience regular stockouts or customer complaints
  • Have unreliable inventory accuracy
  • Have inventory issues slowing warehouse performance
  • Need better planning and forecasting capability
  • Are preparing for growth or system changes

Areas for Review

Inventory Accuracy & Data Quality
  • Review of stock records, system settings, transaction processes, and cycle counting practices to uncover accuracy issues and process gaps affecting visibility and decision‑making.
Demand Forecasting & Planning
  • Analyse historical sales, seasonality trends, customer ordering patterns, and forecast methods to highlight where planning can be improved or simplified.
Replenishment Strategy & Ordering Behaviour
  • Examine purchasing cycles, order quantities, lead times, supplier reliability, and system parameters to determine whether your current approach supports your business goals.
Stock Levels & Product Mix
  • Using a variety of analytical lenses (e.g., ABC/XYZ analysis, velocity segmentation), assess whether stock levels are balanced across your catalogue — identifying overstocked, understocked, and obsolete items.
Warehouse Layout & Storage Efficiency
  • Evaluate the physical flow of goods, slotting arrangements, picking accuracy, storage utilisation, and process bottlenecks to uncover productivity opportunities.

deliverables

The core elements of the inventory management review are:

Discovery
  • We start with an initial discussion to understand your business model, challenges, and objectives.
Data Collection & Analysis
  • We review your inventory data, system settings, processes, and operational workflows.
Site Visit & Process Review
  • Nothing beats seeing the process in action and talking with the people who run the business to gain insights into the issues and challenges impacting the business.
Findings & Recommendations
  • You receive a structured, practical report outlining key issues, root causes, and actionable solutions.
Implementation Support
  • If you’d like assistance putting improvements into practice, We can provide hands‑on support, training, and ongoing optimisation.

A typical inventory review takes approximately 2 weeks with 1-3 days on site and one to two weeks to write the report and feedback the results to the leadership team.

The scope of what is reviewed is entirely up to the client. This can be narrowly defined for a short and focused review or an expansive review of multiple sites in a network. Cost and duration will vary with complexity and scale.

The deliverables are guaranteed. The results depend on your ability to implement the recommendations.

Yes! Businesses that go it alone on implementation frequently fail to take any action. You only get results from action and we are experts in helping you through implementation and getting results.

Request a Call back or call us +61 2 8078 6903