Virtas Partners designed a 78k sqft. warehouse space and executed the movement of $36M of inventory; designed and implemented inventory controls and procedures.
Client Need
Worked with a private equity owned industrial manufacturer to scope, plan, design, and execute the movement and consolidation of $36M of inventory from outside and in the weather into a modern, fully operational warehouse. The warehouse was brand-new and material moved in 11-12 weeks with stabilization actions to drive inventory accuracy, process adherence, and operational efficiencies over four months
Tailored Solutions
- Utilized Program management capabilities to develop a cross-functional (Production, Supply Chain, Procurement, Finance) Integrated Master Schedule to plan and sequence a tight timeline to design and set up a new facility for 40+ employees
- Designed, documented, and implemented warehouse operating procedures from manpower planning, receiving, receiving inspections, picking, kitting, auditing, and inventory control functions
- Developed warehouse operating system complete with daily management roles and responsibilities and Tier I & II metrics broads to coordinate daily stand-ups, performance objectives, and cross-functional communication with functional leadership
- Outlined and executed numerous inventory audits to drive process and transactional adherence
Value to client
- Efficient warehouse layout and facility to run a modern warehouse operations and eliminate multi-million dollar annual inventory write-offs
- Consolidated and developed accurate material locations and quantities for picking kits and conveying to production
- Complete warehouse operating system with documented business processes, performance measurement to drive efficiencies, and systems alignment to support warehouse operations
- Enablement of ambitious future production targets of 30-70% increase in daily production
Capabilities
- Program management
- Facility design, execution, and operating system
- Shopfloor optimization
- Inventory controls and audit
- Warehouse processes design and implementation e.g., cycle count