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The Complete Inventory Optimization Solution |
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How to Truly Optimize Your MRO and Indirect Inventory |
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Review the book
5 Myths of Inventory Reduction e-book
Inventory Process Optimization™ Module 1
Pod Cast 5 Myths of Inventory Reduction
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At Initiate Action we are Inventory Process Optimization™ specialists. Our Principal, Phillip Slater, literally 'wrote the book' on inventory process optimization and we provide a complete inventory solution including:
Many people seem to believe that your inventory can be optimized solely by reviewing your existing data. Science and analytics are often used to blind you from the truth!
The truth is that there are a large number of factors that influence your inventory. If you do not address these you cannot truly optimize your inventory and are unlikely to achieve a lasting result. We call this Inventory Process Optimization™.
True optimization and a lasting solution requires a complete solution and an understanding of the context and factors that influence your inventory. Read our white paper: Why MRO Inventory Optimization Doesn't Optimize.
Why is this the complete inventory solution?
Simply because other inventory solutions target one technique or another. Some claim to optimize inventory, some deal with slow moving stock. Our approach addresses all of the possibilities and has a clever way of targeting which solutions you should apply to which parts of your inventory. In addition, we provide consulting, training, guidance and software. Truly a complete solution! Download a comparison of approaches.
Inventory Process Optimization™ applies the Inventory Cash Release™ Process to specifically target MRO and indirect inventory. This is a simple, step-by-step methodology that enables you to optimize the factors that influence your inventory levels and significantly reduce your inventory investment without compromising your risks or availability. As a result you can achieve a far greater inventory reduction with almost no risk to your sales or operational capability.
Client Testimonial Initiate Action not only explains how to reduce inventory, but also how to change the mindset of all of us that have done nothing but expand our inventories for years. This philosophy/cultural change is the key to taking the immediate reductions realized from the 7 Actions and transforming them into long-term, sustainable lower inventory levels while still keeping our eyes on our plant reliability needs. Read more>>> Arthur L. Posey, P.E. Sr. Maintenance Manager, Wheelabrator Technologies Inc. Morrisville, PA, USA
Follow the links below to access more information and specific solutions:
>> Consulting and Implementation Using our Snapshot™ Process we can review your inventory issues and/or apply our Blast Off! and implementation services to work with your team. Attend a public workshop or have one of our trainers deliver a targeted training program specially for your team. This is an online training system that enables you to learn about the Inventory Cash Release™ Process at your own pace and in your own time. >> Smart Inventory Solutions - The Book This manual explains the Inventory Cash Release™ Process and details the '7 Actions for Inventory Reduction'. As you work through the manual you build your own set of actions to achieve Inventory Process Optimization™ in your business. >> Do It Yourself, In House Training Our ICR®06 System provides all that you need to conduct your own implementation program. All you need to supply is the trainer! >> ICR® Implementation Software The ICR® Implementation Software has been developed to provide you with a tool that not only helps you manage the full range of implementation actions but also provides an audit trail of decisions and responsibilities. >> Locate a Certified Inventory Reduction Professional Access our worldwide network of authorized inventory consultants.
For more information on our inventory reduction process read our FAQs
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Initiate Action Pty Ltd 49 Vida Street, Aberfeldie Vic 3040 Australia phone: +61 3 9331 3181 fax: +61 3 9331 3180
USA and Canada Free Call 800-581-7678
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