A popular and household brand for all home products at pocket friendly prices is how our client is known. Holding more than 45,000 SKU units and a sale of 180+ Crore, inventory management is an important aspect of business operation.
Very high inventory relative to sale. Very low inventory turnover ratio. Opaque purchase process.
Approach by Minton
Minton’s effort changed the way inventory was looked at. Purchase and sales personnel became accountable for inventory in their respective areas leading to better control of inventory. Teething issues in the process resolved, streamlining purchase to sale process even further. Training to all staff involved in purchase to sale process to bring about more transparency in the system.
The effort resulted a trend towards reducing inventory and increasing inventory turnover ratio.
Below are some insights of improvements brought by team Minton.