Healthcare / Medical Products
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Issue
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- This £200m turnover business had grown by acquisition,
over recent years, resulting in multiple different processes,
procedures and policies, all supported by separate management
and corporate computer systems.
- The parent company were looking for assistance to integrate
and consolidate, in line with 'best practice', into a single cohesive
whole.
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Solution
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- Worked with the Managing Director, and Purchasing Director,to:
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- review current Purchasing & Inventory Management practice
against 'best practice'
- develop, and implement, a strategy / improvement action
plan
- determine new 'Front End' ranges and stock displacement
policies
- identify, and remove, surplus inventories (multiple £m)
- define, and implement, new commercial control processes
across the business
- run the Inventory Management team whilst embedding new
processes and practice
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Benefits
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- Successfully developed, and implemented, new processes, policies
and procedures covering:
- Inventory Classification & Management
- New Product Introduction
- Range Management
- Sales Forecasting
- Helped identify, and remove, multiple £m of 'surplus'
inventories
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