Helping an event services company implement an inventory management system

Leaders of a firm asked Elliott Davis: “Can you help us implement an inventory management system which links to our Warehouse Management Software?”

Context

• Premier event rental company located in Northeast U.S.
• Expanded warehouse and inventory capacity to meet growing demand and relieve space constraints of current facility
• Lack of sufficient inventory processes in place. No defined SKU locations, bin labeling, or pick routes

Our Approach

• Assessed current inventory capacity, designed layout for additional racking, and supported vendor selection for new racking
• Created bin labeling system and ensured integration with existing warehouse management software (WMS)
• Analyzed historical demand data to create ABC analysis for SKU prioritization
• Designed inventory management system based on SKU demand and quantity and integrated with warehouse management software (WMS) to optimize pick paths

Client Impact

• Comprehensive inventory management system:           
  • Bin labeling system implemented
  • SKUs assigned to bin locations and integrated with WMS
  • Pick sheets updated to show optimized pick routes

Efforts resulted in a 34% reduction in pick time

We also helped this customer with process automation and improvements.

We Can Help

For more information on how Elliott Davis can assist you and your business, contact a member of our team below.

The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.