1. Consignment Stock Management34
Case Study Name:
Consignment Stock Management
Department/BU: Operations
Territory: Uk
Owner: Phil Anderson
Date: /2017
CASE STUDY

2. Consignment Stock Management
The challenge
Our approach
Results
Removal of legacy process to monitor consigned stock levels and activity, that were not only time consuming and inefficient but also error prone, whilst adding little or no benefits to the business
Risk of lack of control and visibility of Aquilant consignment stocks
Requirement to improve the end to end process of consignment stock, to ensure Aquilant’s consignment stock is a value adding business process
Ensuring Aquilant meet it’s customers needs, whilst releasing sales teams to maximise their time for the sales process
Project manged to ensure all needs are assessed and catered for, utilising GTIN’s (Global Trade Identification Numbers) as the standard for control and identification of products
Engage with Crimson Tide to develop a project plan, with the brief of removing paper, increase our visibility and controls over our consignment stocks, whilst freeing up administration time form the sales function
Develop the Mpro 5 systems to control, all aspects of consignment stock
Phased rollout to the businesses
Accurate consignment stock information
Increased sales revenues
Stock checks completed bi monthly opposed to twice yearly
60% reduction on sales time utilised in administration duties
Stock checks down to 15 mins, from 3 hours
Proactive reporting on consignment stock in relation to usage and risks
Following the success, the Mpro app is being developed to manage Aquialnt’s loan kit stock, purpose built service management solution and product training
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