If you do "inventory management" firmly, you can solve all the management issues!

I propose an inventory diagnosis clinic as an inventory centric management consultant.

The inventory diagnosis clinic is to diagnose inventory as an amount, not a quantity, inventory amount, inventory rotation situation with an objective indicator (cashing speed). This method is widely used in European and American companies as a management indicator to measure asset efficiency.

Specifically, we check the working capital, check the relationship between cash flow and inventory by checking the outflow and entry of funds from payment to collection of payment from both amount and turnover of the accounts payable, inventory and accounts receivable, then we will raise the issues if any.

It is like diagnosing where there is a problem in the internal organs function (stomach, intestine, lung, etc.) in health examinations.

How to use:

If inventories are on a deteriorating trend, how much inventory turnover needs to be increased in order to improve cash flow, etc., set goals by putting the amount of money into turnover, and make decisions on necessary improvement activities. In order to further improve cash flow, where in accounts receivable, inventories, and accounts payable, and especially in what season, improvement is required will be a factor in determining the improvement of financial position.
By product, product carte which consists of 5 perspectives is proposed, namely

1. PSI balance (production, sales, inventory):

2. Inventory turnover days:

3. Freshness (value, slow moving %):

4. Freshness + Purchasing planning:

5. Freshness forecast:

IFC Consulting Ltd.