Experts in Inventory Management

We support manufacturers in reducing and optimising inventory to minimise backorder, improve OTIF and release cash.

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Inventory Reduction and Optimisation

Are you holding excess inventory?  Do you have problems with slow moving and obsolete stock?  Are you looking to improve your on time delivery?  Do you want to reduce costs and increase cash?  OTIF, cost and cash are all business critical metrics that are impacted by your inventory levels.  Libero are the experts in delivering sustainable inventory reduction and optimisation so get in touch today to learn how Libero can support your inventory goals..

The Libero Way

Inventory management is fundamental to your business and the level of success you will achieve.  Your stock levels have a direct impact on your productivity, your customer service and your financial performance….. of that there is little doubt.

But who actually takes ownership of your inventory and your inventory management processes?

Is it Supply Chain?  Is it Operations? Is it Finance?  Or are you one of those rare businesses who has a dedicated Inventory Manager? This is one of the most crucial questions that any company should be asking of themselves.
Inventory is often viewed as a shared responsibility, and as such does not receive the necessary level of focus – because it is everybody’s problem it becomes nobody’s problem.
At Libero we firmly believe that inventory should be managed in a dedicated manner, and by using The Libero Way we can help you on the road to achieving this critical goal.

Should you actually be thinking of your inventory as a liability rather than an asset?

From an accounting perspective your inventory is reported as an asset.
At Libero we challenge you to consider a different perspective and view it as a liability.

Whilst your inventory has a value on paper, the harsh reality is it will rarely be worth much to another business.

Cash is King – there is no disputing its value – it is the most liquid asset you can have.  The true value of your inventory is often out of your hands, and you should therefore consider very carefully how much of your cash you want to convert into inventory.  Converting inventory into cash is very easy – converting inventory back to cash is much more difficult. 

We understand that viewing inventory as a liability may be seen as radical viewpoint. However, it is intended to provoke a different way of thinking about inventory, and to encourage a more critical focus on this pivotal area of your business.

Supply Chain Expertise

The Libero team has over 40 years combined experience of supply chain, gained from working across a broad range of roles in a diverse group of industries.  Working with some of the UK’s most respected manufacturers has given us the knowledge and expertise to make a tangible difference to your business.

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Who We Have Worked With

With over 40 years combined experience in supply chain, we have worked with some of the UK’s largest and most respected manufacturers

Meet the Libero Team

James Smith

James has almost 20 years’ supply chain experience, having worked in a variety of roles across a diverse group of industries including Automotive, Food, Telecoms, FMCG and Medical. A specialist in Inventory and S&OP, James has held senior positions in large multinational organisations, and his varied experience across roles and industries gives him an unrivalled insight into the challenges faced by manufactures of all shapes and sizes.

Owen Davis

Owen has almost 30 years’ supply chain experience, including holding senior roles at British Aluminium and MK Electric (Honeywell).  A Green Belt certified practitioner, with a wealth of expertise in inventory management and S&OP project delivery, Owen has continued to work as a supply chain consultant in more recent years.

 A Data Driven Approach

Data is fundamental to the way your business operates and having accurate data is absolutely critical.  MRP/ERP systems will only ever be as good as the data fed into and stored within them – Libero are experts in auditing data to identify errors and improve integrity, and can help you develop tools and procedures to ensure data integrity is maintained.

Libero are skilled data analysists and we can carry out extensive research into your company’s data to identify appropriate strategies to reduce and optimise inventory.

Testimonials

“Having had the pleasure of working with James and Owen in a large, complex organisation, I can vouch for their excellent understanding of the challenges and benefits associated with achieving the right stock profile. These guys are problems solvers. They gain an understanding of the opportunity quickly and act to exploit it. They would add value to any organisation seeking to manage raw materials, WIP and finished goods to best effect, liberating working capital without unnecessary risk.”

Randal Hodson – CEO, ESI Technology Ltd

Useful Resources:

Here are some articles the Libero team have put together, providing invaluable insight and advice.

  • Inventory on the Rise

  • PFEP – A Basic Introduction

  • Is Inventory Really an Asset?

Have Questions?

Interested in finding out more about the support that Libero can provide for your business?

“I have no doubt that engaging with the team at Libero will add significant value to your own organisation’s processes”

Andy Bird

Ops/Eng Director and Non-Exec Director for SME startups

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