SLOB

Slow Moving Object

Inventory Management: Optimize and Mitigate

Introducing Syren’s intelligent queuing and unified data platform for SLOB inventory management. Effortlessly automate processes, provide curated forecasts, and optimize stock keeping unit (SKU) rationalization, Demand Management , and supplier collaboration. Mitigate risk and get moving with Syren’s solution.

Enterprise Slow Moving Object (SLOB) Challenges

Implementing effective inventory management practices leads to actively managing SLOB inventory. Businesses can minimize the negative impact on profitability and operational efficiency.

SLOB Challenges

Inventory comprises a significant portion of working capital and generates additional costs, including warehouse storage, maintenance, and insurance.

These carrying costs can affect profitability and diminish an enterprise's capacity to invest in more lucrative revenue-generating areas.

Slow-moving objects occupy valuable space in the warehouse, which could otherwise be utilized for faster-moving inventory.

Limited storage in warehouses can result in inefficient operations, making it challenging to locate items and potentially causing delays in order fulfillment.

Forecasting demand for slow-moving items poses complexity due to their unpredictable and sporadic nature.

The challenge of accurately predicting future demand can result in overstocking or understocking situations.

Obsolete products bear the risk of losing value. Technological advancements, customer preferences, and market shifts can render inventory worthless.

Managing this risk necessitates continuously monitoring market trends and making proactive decisions.

Slow-moving products can linger in the warehouse for extended periods, exposing them to the risk of obsolescence and potentially lowering inventory turnover.

These extended holding times increase carrying costs and tie up working capital, thereby restricting an enterprise's liquidity.

The complexity lies in deciding on the appropriate sales and markdown strategies for SLOB products.

Stimulating demand may require offering promotional discounts, and striking the right balance between revenue generation and margins is crucial.

To manage SLOB inventory, you need to collaborate with supply chain stakeholders.

Suppliers impose minimum order quantities and lead times that are unsuitable for slow-moving inventory. Balancing supplier constraints with inventory management is a challenging task.

Syren’s Approach to SLOB

ABC Analysis

ABC Analysis

Classifying items prioritizes inventory management. Syren assists with mitigation strategies for specific categories, like liquidation, discontinuation, or targeted promotions.

Advanced Demand Forecasting

Advanced Demand Forecasting

Syren leverages custom-developed algorithms and statistical models to forecast customer demand, identifying the likelihood of slow-moving or obsolete inventory.

Inventory Optimization Dashboard

Inventory Optimization Dashboard

Syren's finance and planning dashboard offers real-time insights into SLOB inventory, analyzing demand patterns for informed, risk-mitigating decisions.

Automated Analytics

Automated Analytics

Syren analyzes inputs from various sources to generate key indicators and metrics that contribute to SLOB, such as inventory, demand, and material requirement planning.

SLOB Product Guide

SLOB Product Guide

Syren excels in SLOB product identification, streamlining supply chains for cost-effectiveness. Our in-house predictive models optimize inventory, benefiting long-term customer service. Get smart with inventory management, contact us today!

Download the Brochure ->

The Syren Solution Implementation Advantage

Streamlined SLOB Identification

Syren possesses significant expertise in identifying slow-moving and obsolete products within the inventory, gained from working with renowned companies.

Our solution empowers enterprises to identify SLOB efficiently and cost-effectively. This enables an organization to run a healthy and agile supply chain management system.

Prediction and Forecasting

Syren's enterprise utilizes in-house prediction models, ready-made templates, and a robust data platform to support supply chain solutions. This enables the enterprise to make better predictions and forecasts.

Our comprehensive technology, combined with our expertise in supply chain domain consulting, empowers an organization to achieve superior performance in these areas.

Optimize Inventory

With Syren’s proprietary solutions, slow-moving inventory can be predicted, and their patterns established.

This strategy will account for costs being ascertained, enterprises can maintain liquidity, optimize warehouse storage, and serve customers better with their products in the long run.

Syren's Readymade Solutions

Syren's experts help you streamline the supply chain process with its pre-made solutions.

OTIF

On-Time In-Full (OTIF)

Uses real-time data for efficiency and satisfaction.

CTD

Cost to Deliver (CTD)

Optimizes costs with data analysis and logistics.

DQS

Data Quality Services (DQS)

Ensures reliable data through cleansing and integration.

ATP

Available to Promise (ATP)

Optimizes inventory for real-time customer demand.

SLOB

Slow Moving Object (SLOB)

Automates forecasting and SKU management.

Demand Management

Demand Management (DM)

Streamlines workflows with automation and technology.

T&T

Track and Trace (T&T)

Tracks emissions, enhances resilience, and engages partners.

Sustainability Tracker

Sustainability Tracker

Tracks emissions, enhances sustainability, and reduces risks.

SLOB Customer Story

Improving Inventory Management For a Pharma Organization.

Customer Stories

Syren's innovative solution optimizing pharmaceutical inventory management

Transformative Solutions for Slow-Moving and Object Challenges.

Unlocking the SLOB Impact on Pharma Enterprises

Syren collaborates closely with a major pharmaceutical company, providing advanced analytics and automation to revolutionize Slow-Moving Object management.

Read More

Our Clients

Syren Cloud has helped clients to reengineer core IT products, build end-to-end data management platforms, decision support systems or transform entire digital operating systems. Here’s a short selection of our clients who absolutely adore us.

Johnson & Johnson
Cisco
Microsoft
UIPATH
Ebay
Tata
Emmes

Insights

How to Enhance Your Supply Chain With a Cognitive Command Centers

Nov 1, 2023

How to Enhance Your Supply Chain With a Cognitive Command Centers

Supply Chain Realities: Tackling Disruptions and Demands in a Changing World

Jan 08, 2024

Supply Chain Realities: Tackling Disruptions and Demands in a Changing World

Decoding Manufacturing Supply Chains: Unveiling Core Components and Tackling Challenges

Jan 16, 2024

Decoding Manufacturing Supply Chains: Unveiling Core Components and Tackling Challenges

Smart Manufacturing: AI-Revolutionizing the Electronics and Manufacturing Industry

Jan 08, 2024

Smart Manufacturing: AI-Revolutionizing the Electronics and Manufacturing Industry