Inventory Management

Optimising inventory performance and maximising customer service levels to achieve corporate goals.

Expertise

Contracting and Tendering Services Pty Ltd’s (CTS) expertise in Inventory Management & Control Systems is recognised throughout Australia and internationally, having worked with some of Australia’s largest organisations.

The cross industry exposure of environments and systems allows CTS to apply Best Practice solutions and ensures the customer has receives modern, leading edge advice.

Techniques and Models

CTS has developed leading edge techniques, models and processes for in Inventory Management & Control Systems, encompassing:

  • Inventory Optimisation and Reduction
  • Inventory Analysis (ABC, XYZ, VED)
  • Inventory Classification Systems
  • Service Level Determination
    • MRP, MRP II, JIT
    • Safety Stock Calculation
    • Customer Service Levels
  • Management Reporting Systems Development incorporating KRA’s and KPI’s
  • Training

Software

CTS uses leading edge software tools in its analytical work but is not associated with any one inventory operating system. This independence means that CTS can work with any incumbent supplier or impartially assess the best system for the particular requirement.

Key Achievements

Among CTS’s key achievements are:

  • Mobil Refining Australia
    A long term arrangement where CTS analysed Mobil’s Australian Refining system.

  • Leigh Creek Coalfield
    CTS project manages an ongoing project to improve inventory which has delivered stock reduction of 75% and an increase in customer service levels.

  • Fiji Government Supplies
    CTS undertook an inventory optimisation program of the Government Stores function and inventory training of senior staff and operational staff (hands-on, skills sharing).

  • ETSA
    CTS conducted a Best Practice audit of ETSA’s major stores function resulting in reduction in inventory of $60million, major service improvements, and changes to systems and processes.

  • Boral (SAGASCO)
    CTS established customers service levels.

  • Xerox
    CTS undertook an inventory review of spare parts management and customer service levels resulting in a restructuring of the system and significant improvements.

  • Taylor Ferguson (Inchcape)
    As part of a profit improvement project, CTS undertook an inventory optimisation program; active stock levels increased, inventory reduced by more than 50%.

  • Post and Telecom (PNG)
    CTS reviewed the inventory system and advised on optimisation and trained staff.

  • KTM (Malaysian Railways)
    CTS conducted a complete assessment of its supply system and produced an improvement program (service levels improved form 60% to 85% and inventory levels reduced by 30% within 12 months)