{"id":22569,"date":"2021-02-12T15:10:34","date_gmt":"2021-02-12T14:10:34","guid":{"rendered":"https:\/\/www.newtonvaureal.com\/our-expertise\/supply-chain\/procurement-policy-stock-management\/"},"modified":"2024-11-07T16:53:35","modified_gmt":"2024-11-07T15:53:35","slug":"procurement-policy-stock-management","status":"publish","type":"page","link":"https:\/\/www.newtonvaureal.com\/en\/our-expertise\/supply-chain\/procurement-policy-stock-management\/","title":{"rendered":"Procurement policy \/ Stock management"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"22569\" class=\"elementor elementor-22569 elementor-1892\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9abaf9a elementor-section-full_width elementor-section-height-min-height elementor-section-content-middle elementor-section-stretched elementor-section-height-default elementor-section-items-middle\" data-id=\"9abaf9a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e61b733\" data-id=\"6e61b733\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-357edf0c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"357edf0c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4b2cf8be\" data-id=\"4b2cf8be\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-738c789f elementor-widget elementor-widget-text-editor\" data-id=\"738c789f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><b>Inventory strategies to improve cash flow and meet customer service targets<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Inventory control is a major pillar of logistics efficiency and profitability. We recommend a 3-step process for setting the objectives of the project, defining the means and then bringing it under control.<\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3acd12fe elementor-widget elementor-widget-heading\" data-id=\"3acd12fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1 - Draw up a strategic vision of inventory and define the level of tool inventory required for development<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77447c23 elementor-widget elementor-widget-text-editor\" data-id=\"77447c23\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We carry out the necessary framing by studying the environment and product positioning. In particular, together we characterize the differentiating factors of your products, the level of service your customers expect by product family, and your organization&#8217;s development strategy. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This enables us to define logistics solutions and target service levels. In addition, we carry out a complete analysis of costs in relation to sales: purchasing, production and storage, differentiated by product family. <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12e3ef9d elementor-widget elementor-widget-heading\" data-id=\"12e3ef9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2 - Analyze inventories and compare them with the target to highlight any malfunctions and an action plan to remedy them.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73e50eec elementor-widget elementor-widget-text-editor\" data-id=\"73e50eec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To do this, we carry out a detailed inventory analysis (dead stock, dormant stock, live stock, then ABC, inventory coverage and seasonal effects).  <\/span><span style=\"font-weight: 400;\">Based on pre-agreed target service rates,  <\/span><span style=\"font-weight: 400;\">we define inventory management policies, including the sizing of safety stocks. Finally, we compare the actual situation with the target diagram, analyze the causes of any discrepancies and draw up an action plan to achieve the target. <\/span><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d0650e elementor-widget elementor-widget-heading\" data-id=\"1d0650e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3 - Implement operational management<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b952e18 elementor-widget elementor-widget-text-editor\" data-id=\"b952e18\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In this last stage, the aim is threefold: to organize the tasks of the players, to enable you to acquire a capacity for anticipation, and to guarantee you control over stock levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our Supply Chain and Logistics consultants will help you :<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">monitor inventory trends against targets (in terms of value and coverage)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">measure deviations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">implement corrective actions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">take into account the actual situation of the stock (value and age) to adapt financing requirements and provide for obsolescence risks<\/span><\/li>\n<\/ul>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3444e9f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3444e9f0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-21e0b0f7\" data-id=\"21e0b0f7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35c61030 elementor-widget elementor-widget-heading\" data-id=\"35c61030\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">We operate in various sectors<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71e8d2cb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71e8d2cb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-45869648\" data-id=\"45869648\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-760b0c4c elementor-widget elementor-widget-heading\" data-id=\"760b0c4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.newtonvaureal.com\/en\/secteurs\/distribution\/\">Distribution<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11a1b99e elementor-widget elementor-widget-image\" data-id=\"11a1b99e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.newtonvaureal.com\/en\/secteurs\/distribution\/\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"400\" src=\"https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/distribution-640x400.jpg\" class=\"attachment-onepress-medium size-onepress-medium wp-image-21930\" alt=\"\" srcset=\"https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/distribution-640x400.jpg 640w, https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/distribution-480x300.jpg 480w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79e37d6 elementor-widget elementor-widget-text-editor\" data-id=\"79e37d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Large groups, institutions, SMEs ; we have the resources to support companies of all sizes and in all circumstances (from long-term vision to crisis support)<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7cf9fea3\" data-id=\"7cf9fea3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a6e1bb8 elementor-widget elementor-widget-heading\" data-id=\"4a6e1bb8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.newtonvaureal.com\/en\/secteurs\/industrie\/\">Industry<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54394721 elementor-widget elementor-widget-image\" data-id=\"54394721\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.newtonvaureal.com\/en\/secteurs\/industrie\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"640\" height=\"400\" data-src=\"https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Industries-5-640x400-1-640x400.jpg\" class=\"attachment-onepress-medium size-onepress-medium wp-image-22109 lazyload\" alt=\"\" data-srcset=\"https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Industries-5-640x400-1.jpg 640w, https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Industries-5-640x400-1-300x188.jpg 300w, https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Industries-5-640x400-1-480x300.jpg 480w\" data-sizes=\"(max-width: 640px) 100vw, 640px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 640px; --smush-placeholder-aspect-ratio: 640\/400;\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e664d17 elementor-widget elementor-widget-text-editor\" data-id=\"1e664d17\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Supply chain is becoming an integral part of industrial sites. Managing site supplies means working more closely with suppliers, and integrating factory workflows into the supply chain. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5966f828\" data-id=\"5966f828\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62808513 elementor-widget elementor-widget-heading\" data-id=\"62808513\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.newtonvaureal.com\/en\/secteurs\/institutions-publiques-et-collectivites\/\">Public institutions and communities<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42073eed elementor-widget elementor-widget-image\" data-id=\"42073eed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.newtonvaureal.com\/en\/secteurs\/institutions-publiques-et-collectivites\/\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"356\" height=\"400\" data-src=\"https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Institutions-publiques-collectivites-hp.jpg\" class=\"attachment-onepress-medium size-onepress-medium wp-image-22110 lazyload\" alt=\"\" data-srcset=\"https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Institutions-publiques-collectivites-hp.jpg 356w, https:\/\/www.newtonvaureal.com\/wp-content\/uploads\/2021\/07\/Institutions-publiques-collectivites-hp-267x300.jpg 267w\" data-sizes=\"(max-width: 356px) 100vw, 356px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 356px; --smush-placeholder-aspect-ratio: 356\/400;\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f7ea869 elementor-widget elementor-widget-text-editor\" data-id=\"3f7ea869\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our work focuses on issues relating to the organization and management of physical flows, as well as on forward-looking studies linked to territories. Our areas of expertise include urban logistics, modal shift and carbon footprint. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Inventory strategies to improve cash flow and meet customer service targets Inventory control is a major pillar of logistics efficiency and profitability. We recommend a 3-step process for setting the &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":22509,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-22569","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inventory management and procurement policy - Newton. 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