Colony Display is a full-service partner in inventory consolidation. We can reduce your inventory, warehouse, and shipping costs by managing your entire store rollout, remodel, or opening all the way from design through installation.
On this page, we’ll cover the following:
- Definition of inventory consolidation
- Benefits of inventory consolidation for store rollouts
- Example of inventory consolidation for a store rollout
What Is Inventory Consolidation?
In a nutshell, inventory consolidation is the process of grouping together inventory from multiple vendors into one central location. A retailer might choose to employ an inventory management program to streamline operations, reduce costs, improve inventory accuracy, and enhance overall supply chain management.
Inventory consolidation can be extremely beneficial for businesses handling the following:
- Retail Store Rollouts
- Grocery Store Rollouts
- Franchise Rollouts
- Store Remodels
- New Store Openings
- Product Launches
Benefits of Inventory Consolidation for Store Rollouts
Inventory consolidation can save your business valuable time, money and space during store rollouts. Here are some of the top benefits you stand to gain from simplifying your supply chain and consolidating inventory:
- Minimize lost shipments at the store level
- Minimize vendor freight cost with bulk shipments
- Ensure parts have safer ride to store on full truckload (FTL) shipments rather than less than truckload (LTL)
- Improve employee execution at the store level
- Streamline loading, shipping, and installation
- Accommodate large-scale global rollouts
Ultimately, a more streamlined store rollout equates to happier employees and customers. Inventory consolidation is a win for everyone.
Example of Inventory Consolidation for a Retail Store Rollout
At a high level, inventory consolidation includes the following steps:
- Procurement planning
- Receiving inventory
- Storing inventory
- Picking inventory
- Staging/setting up inventory
- Delivering the finished product
Why Choose Colony Display for Inventory Consolidation?
We know the idea of consolidation can be daunting, but Colony Display is here to work with you every step of the way. Here are just a few of the reasons you should partner with Colony Display:
Huge Space Can Accommodate Even the Largest Rollouts
With over 800,000 square feet of space, Colony Display has experience coordinating with multiple vendors to ensure a smooth rollout at the store level.
Central Location Helps Lower Freight Costs
By being centrally located in the United States, we are uniquely positioned to receive material from all regions, repack it, and reduce domestic freight costs.
Long-Term Experience Translates into Less Work for You
Inventory Consolidation is a customized service we’ve offered for over 15 years, so you can rest assured that we are equipped to handle the entire process on your behalf. Check out some of our past work.
We Manage Everything
Colony Display manages logistics, inventory levels, replacement parts, kitting/assembly, and installation. We also handle all communication between vendors and take accountability for confirming all customer-supplied materials arrive on-time.
We Assemble So You Don’t Have To
Once all materials are received from your vendors, we engineer your products to be implementation-ready.
We Provide Insightful Metrics to Optimize Your Next Rollout
Gain insights on how the CSM suppliers perform on deliveries and quality to inform your next rollout.
Contact Colony Display for More Information About Inventory Consolidation
Reach out to learn more about how we can help you consolidate inventory and streamline your next rollout, remodel or product launch.