Inventory Management Services
BY AKM ACCOUNTING
Whether you’re running a brick and mortar store, an e-commerce site, a supermarket, or a logistics company, an inventory management system is a must-have. It will give you insights into every aspect of your products, and in some cases, will help you better understand your customers too.
We at AKM can help you in optimizing the entire spectrum spanning from order placement with your vendor to order delivery to your customer, mapping the complete journey of a product in the supply chain.
Effective inventory management is all about knowing what you have, where it’s stocked, and how much you’ll need. That’s where AKM Adds value.
AKM uses a multi-echelon model toward inventory management to enable today’s global, inter-connected business operations prevent stock-outs and improve supply efficiency.
Procurement and supply chain continue to witness an accelerated pace of change. To help you keep up with this transformation, here are some of the best practices
- Align inventory with customer demand
- Improve inventory turns
- Reduce unnecessary storage and handling requirements
- Increase sales by eliminating stock-outs
- Eliminate excess and obsolete inventory
- Improve customer service levels
- Reduce the need to expedite production and transportation
AKM’s professionals help you optimize and manage all the components of your inventory operations, including cycle stock, safety stock, pipeline and pre-build inventory to drive more efficiency across the value chain.
Our experts help you plan your inventory better so that you have the right inventory, at the right time, at the right location. We work with you to improve inventory cost accounting, streamline credit management, and enhance cash flow to free up valuable working capital that’s stuck in inventory.