Inventory Management Solution

Keeping production flowing in a world of disruption

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 disruptions originate in the indirect (tier 2+) supply chain

Optimize inventory management with AI

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.

Turning your supply chain into a competitive differentiator

With the IMS Vendor Managed Inventory and Supply Chain Finance program, we apply our decades of expertise in managing your critical MRO production spares.  Our strategic approach to inventory management, coupled with supply chain finance, helps companies avoid operational disruptions and costly inventory imbalances.

• Dynamic demand planning
• Strategic sourcing & procurement
• Inventory optimization
• Pay-as consumed operations
• Comprehensive Supplier Relationship Management
• KPIs and Supplier Scoring

While globalization continues to fuel international trade, buyers and suppliers often find themselves at odds in today’s economic climate.  As buyers put pressure on suppliers to extend payment terms to maximize their working capital, suppliers need liquidity to fund the procurement portion of the buyers supply chain where short-term financing is increasing difficult to secure.  Lack of funding can impact the supplier’s ability to meet it production obligations.  Therefore, IMS offers a Supply Chain Finance (SCF) program that offers both you and the supplier network significant benefits.