Inventory Management Solution

In today’s complex geopolitical landscape and uncertain macroeconomic environment, the supply chain has moved from the periphery to a central focus of companies. As supply chains evolved, they became global, specialized, multi-tiered, and fragile. Supply chains have achieved maximum efficiency by applying the principles of lean manufacturing or Just-in-time (JIT) which has demonstrated its vulnerability.  Alternatively, many companies pivoted and increased their inventories with a Just-in-case (JIC) approach, resulting in significant capital being tied up and increased inventory obsolescence.  Without effective inventory management, companies can expect to encounter operational disruptions and financial losses.

Mitigating supply chain disruptions is critical to your business and you need a partner that can provide you both resilience and agility,  For nearly 20 years, IMS has been enabling companies to achieve uninterrupted revenue operations and improve their working capital efficiency through our strategic approach to Vendor Managed Inventory and Supply Chain Finance. With our integration of AI and real-time data modeling, you gain unobstructed visibility into your supply chain network, allowing you to quickly identify potential disruptions, rapidly optimize inventory levels and create a supply chain that is a competitive differentiator.

Indirect procurement teams are predominately focused on managing company spending; hence they then tend to have more of a transactional relationship with suppliers than their direct procurement counterparts.  When focusing on cost savings, most companies put their focus on their Direct Spend, which typically represents only 20% of your suppliers. Yet, within your Indirect Spend, reside 100s/1000 of critical suppliers, supporting your Maintenance, Repair, and Operations (MRO) production spares vital to your operational production.

+80% of disruption occur in the Tier 2+ indirect spend

Implementing a modern AI-optimized inventory management solution will enable you to anticipate potential disruptions, optimize processes and make data-driven decisions to avoid operational disruptions.  Meeting inventory challenges requires optimizing flow of information.  The faster you can obtain information, the faster you can factor it into your inventory management decision-making.

Our ERP Platform approach is truly unique in the industry. Using a data agnostic platform which can take any source data – SAP, Oracle down to CSV and XLS – and funnel it into a best-in-class vendor management portal that utilizes AI to categorize parts by classification and seek out multiple quotes from like-supply vendors.  We manage and forecast inventory with industry leading tools to provide further checks and balances against your forecast, which then is facilitated back to you for the same level of control that existed prior to program implementation – and all on a cloud-based data storage.