Inventory Management Services to Optimize Your Business

Effective inventory management is essential for improving profitability and operational efficiency. At Numerical Insights, we specialize in providing practical inventory management strategies tailored to your unique business needs. By leveraging data-driven insights, we empower you to streamline processes, reduce inventory costs, and improve product availability, helping you achieve greater control over your inventory and your bottom line.

Our Approach to Inventory Management

We focus on simplifying inventory management through actionable strategies and proven methods. By analyzing your inventory data, we uncover opportunities to:

Improve Inventory Accuracy: Eliminate discrepancies and ensure your records reflect reality.
Optimize Stock Levels: Minimize overstock and reduce stockouts to keep your business running efficiently.
Enhance Profitability: Identify profit leaks and improve gross margin by aligning inventory practices with business goals.
Forecast Demand: Use historical trends and data to anticipate future demand of finished goods and raw materials.
Streamline Supply Chain Operations: Collaborate with suppliers and optimize raw material planning.

Tailored Inventory Management Solutions

At Numerical Insights, we understand that no two businesses are the same. Whether you’re a retailer, wholesaler, or manufacturer, we provide inventory solutions that address your specific challenges, including:

Analyzing external warehouse inventory
Recommending production schedules and quantities aligned to demand forecasts and historical sales
Suggesting purchase quantities of raw materials to support production
Proposing SKU reductions by analyzing part consolidations and low demand finished goods.

Why Choose Numerical Insights?

Our expertise goes beyond theory—we focus on practical, real-world solutions. With tools and templates, we make it easy for your team to implement effective inventory practices. Our services include:

Data-Driven Analysis: Get actionable recommendations based on your actual inventory data.
Customizable Tools: Access templates and calculators to simplify complex inventory tasks. Our tool of choice is Power BI.
Educational Resources: Learn inventory management best practices with our masterclasses and YouTube tutorials.

Ready to Take Control of Your Inventory?

Don’t let inventory challenges limit your business growth and squeeze your cash flow. Partner with Numerical Insights to implement strategies that improve efficiency, enhance profitability, increase cash flow and support sustainable growth.

Case Studies

A U.S. division of a global manufacturing company carried over 6,000 different parts in its inventory. Each of these parts was a component of an assembly that the company sold to the automotive and heavy equipment markets.
Numerical Insights gathered several years of historical data on the usage and costs of these parts and analyzed patterns of demand. The analysis showed that 30% of the parts were only used once or twice per year. Based on this analysis, decisions were made as to which of these 30% of parts would still be carried and which ones could be ordered on demand from suppliers. Decisions were based on factors such as the value of the parts (contribution to inventory values on financial statements) and supplier lead times.
A global transportation company with millions of dollars in contract spend sought additional costs savings as a corporate initiative. Numerical Insights gathered data for off-contact spend and information on existing contracts. An analysis identified two categories of purchases that were being purchased off-contract. Working with the client’s procurement team, policies were communicated to each functional area to redirect that spend to existing contracts.