Efficient inventory management at Pierre Robert
Pierre Robert has had an increasing focus on improving cross-functional collaboration and processes across their whole value chain. The development work brought up the need for improved tools and reports for continuous inventory control.
From searching data to seeing data
A notable impact was identified to be in the areas of inventory control and purchasing. The related decisions are traditionally risky due to for example long lead times as well as the wide size and color ranges. Standardizing the processes with tools, reports and KPIs would support data-driven decision-making when managing the supply chain.
"We've had high focus and good success in our internal development projects. We've also identified that by developing our tools to get better access to relevant data the decisions will accordingly be better for the business."
Jonas Wiik, CFO of Orkla Care
Tools and reports for continuous inventory control
Enabling data-driven decision making to minimize supply chain risks
Main results
- Identification of items that are turning costs into margins with turn and earn analysis.
- Standardized calculations providing a standardized starting point for planning and purchasing decisions are driven by facts.
"In addition to the reports and tools, we also defined processes to manage our purchases and control the inventories in a more proactive manner. There were new things that we haven't measured at Pierre Robert before, so it was helpful to have an outside view to help brainstorm how we could implement and truly adopt the tools within our organization. My team waited anxiously to start using the tools and reports in their daily work."
