Inventory Management

Most OEM companies spend more time reacting to inventory problems than solving the underlying causes. Normally, inventory does not get much attention until it becomes a problem on the balance sheet or in the warehouse.

The key to excelling at inventory management is to understand your supply chain and the risks in advance, so you can preemptively avoid problems before they show up as inventory or an inventory write-off. In a multi-tiered supply chain, you must focus on both inventory on-hand and inventory exposure further upstream in your supply chain. With forecasts fluctuating constantly in the electronics industry, it is important to deploy strong analytical tools to help you respond by balancing supply flexibility and inventory liability.

Examples of services we can provide:

  • Review your extended supply chain and provide quantitative assessment on “should-be” inventory levels and current inventory risks
  • Deploy our proprietary tools to measure your supply chain exposure in a multi-tiered supply chain
  • Assess product availability strategy and inventory risk trade-offs
  • Develop solutions to address specific issues internal to your operation or with your CM or supplier
  • Provide cross-functional education to raise awareness of issues and solutions
  • Provide team coaching to help drive solutions to implementation
  • Establish progressive, early warning metrics that give ongoing visibility to inventory risks and improvements

“Symphony has been instrumental in helping us achieve the following results: risk reduction, reduced inventory exposure, minimum order quantities, reduction in lead times, and lower prices for parts.”

– Rick Trebing, Corporate Controller and Chief Accounting Officer, Siemens EDA (formerly Mentor Graphics)

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