Diageo Details Inventory Optimization Approach
The key to achieving high customer service levels is to address inventory positioning as well as demand forecasting. That's because safety stocks act as shock absorbers, buffering both demand fluctuations and forecast inaccuracies. On June 20, join Consumer Goods Technology for a webCONNECTIONSeries event titled, "Achieving 'Near-Perfect' Customer Service Levels with Inventory Optimization," to find out how some of the world's leading consumer goods companies, including premium drinks company Diageo, are using inventory optimization to improve service levels and free up inventory and cash in just a few months. Typically, consumer goods manufacturers generate multi-million dollar savings and margin improvements, including:
- Increased top-line growth by reducing out-of-stocks by 30 percent to 50 percent;
- Reduced working capital by increasing inventory turns, typically between 20 percent and 40 percent of the global inventory value;
- Reduced the uncertainties of demand forecasting;
- An ROI of less than six months
- Increased top-line growth by reducing out-of-stocks by 30 percent to 50 percent;
- Reduced working capital by increasing inventory turns, typically between 20 percent and 40 percent of the global inventory value;
- Reduced the uncertainties of demand forecasting;
- An ROI of less than six months
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