Inventory power index

1

Email

[email protected]

2

Name

3

Select country

4

Do you have clear key performance indicators in place around inventory?

We have a small but focused number of KPIs

We only look at the inventory value

We don’t really have inventory KPIs

We measure lots of KPIs- none of them make sense!

5

Is it clear who is responsible for each of these areas within your business?Safety stock levels Seasonal stock Obsolete & end of life stock Strategic stock New product introductions

Yes, we have clear owners in place for all of these

Mostly, but there is some confusion from time to time

Not really!

Not at all!

6

How well aligned are your day to day inventory decisions with your overall business objectives?

Somewhat, but we could be better

Our overall business goals drive all inventory decision-making

Most of our decisions align with the overall goal but not all

I wish someone would share the corporate objectives with the supply chain team!

7

Strategic focus score

8

How automated are your inventory management processes?

Highly automated. We only have to review a small number of items

Mostly automated but we occasionally have to step in to fix errors

Very manual. We do all the heavy lifting

We do EVERYTHING manually!

9

How would you rate collaboration efforts with other departments?

Excellent! We are one big happy family!

Ok, but we could be better

We only speak with sales and finance when there is a problem

The other departments think the inventory manages itself

10

How would you describe the typical workload of your planning team?

Chaos! The team is constantly fire fighting

The team always have plenty to do but things seem to be under control

The planning team are in total control- they really focus their time where it counts!

The team is always very busy and things often get missed

11

Team effeciency score

12

Which of the following best describes your stocking policy?

Well considered and religiously followed

We have clear rules around what should and shouldn’t be stocked. But rules are there to be broken

We stock the products we're told to

You don’t need a stocking policy when you keep everything stocked!

13

How are service levels determined for items within your assortment?

We strive for 100% availability for every item

Service levels are dynamic and determined per SKU

Service levels are determined per product group based on solid logic

Huh? What are service levels?

14

How regularly is your masterdata (supplier lead times, MOQs, price etc...) reviewed and updated?

Never!

Occasionally but there is lots of data missing

It's in a state of constant review. The accuracy of our masterdata is critical to our operation!

As often as possible but some data is out of date

15

Inventory performance

16

Overall inventory power score