Supply chain optimization with an inventory focus.
What we did.
Together with Tokmanni we set new purchase-to-sales targets and put control functions in place to check how well the processes were carried out. With our support, Tokmanni launched a substantial training program for a large part of the staff. To ensure continuous improvement, a team of five controllers were assigned to address inventory management. Analyses were conducted, and follow-up tools were created and implemented. Reporting of inventories both from top management and stores improved. To lower the risk for unpleasant surprises in the year-end reporting, monthly provisions for inventory write-downs were also made.
Continuous improvements made inventory values more reliable, and no further write-downs were necessary. Inventory losses were cut back to a new, lower level and thereby lead to earnings improvements for Tokmanni.
Do you want to know more?
Please contact Thomas Lundström
Telephone: +358 405 924 415