Description
Lighting Inventory management are part of inventory management plan (IMP), set of structured approach to managing inventory levels, procurement processes, and stock control which help user to analyze their stock then recommend best strategy to create better decision making regarding their lighting asset and meet operational needs efficiently based on existing data. It outlines strategies, policies, and tools used to ensure smooth inventory flow
For example, Lighting Inventory Management Plan Recommendation on Smelter Facility Summary:
- Critical Luminaires (Explosion Proof, High-Temperature Rated) Recommendation:
- Deliver lighting placement on critical Luminaires categorized as "A-class" inventory (high-cost, essential for operations)
- Recommend total safety stock need to be maintained due to long lead times and frequent failures.
- Deliver Predictive maintenance approach to forecast failures and adjust stocking levels.
- Standard Warehouse Lighting Recommendation:
- Recommend Just-in-Time (JIT) method to reduce excess inventory.
- Deliver demand forecasting analysis for future stock and maintenance work.
- Procurement & Supplier Strategy:
- Deliver Framework agreement with to lock in long-term pricing.
- Recommend Vendor-Managed Inventory (VMI) for fast-moving consumables.
- Tracking & Monitoring:
- Deliver ERP system integration. We have our unique SOP that can be used by user to create order, managed stock, check warranty and monitor material delivery for every material that we supply.
- Added Service:
- System Retrofit and Maintenance Plan. We believe "design-build-maintain" method on facility management is the most efficient way to preserve lighting quality. If we do procurement, it is better for user for us to also working on lighting system installation. It create better planning, work method and stock safety.
- End-of-Life Procedure. Recommendation for waste disposal and future upgrade.
We have 3 type of IMP; Basic IMP, Standard IMP and Advance IMP. Below is the comparison of our IMP service offerings.
Comprehensive Comparison of IMP Service Offerings
Benefits, Weaknesses and Best For
| IMP Service | Benefits | Weaknesses | Best For |
|---|
| Basic IMP (Audit & Recommendation Only) | ✅ Cost-effective for users who only need planning. ✅ Provides expert recommendations for inventory optimization. ✅ No obligation to purchase from a specific supplier. ✅ Allows users to source from their preferred vendors. | ❌ Users must handle procurement and installation on their own. ❌ No direct supplier discounts or bulk pricing benefits. ❌ No ERP integration for real-time inventory tracking. | - Companies with existing suppliers who only need strategic guidance. - Businesses with in-house procurement and maintenance teams. |
| Standard IMP (Planning + Supply) | ✅ Access to better pricing due to strong supplier relationships. ✅ Ensures luminaire compatibility with inventory strategy. ✅ ERP (Odoo) integration for better supply chain monitoring. ✅ Reduces procurement complexity for the user. | ❌ Users must still manage installation and waste disposal. ❌ ERP tracking is limited to supply chain, not facility management. ❌ Higher cost than Basic IMP but without full-service support. | - Businesses that want cost savings on procurement but have their own installation team. - Companies looking for ERP-enhanced inventory tracking without a full-service contract. |
| Advanced IMP (Full-Service: Planning + Supply + Install + Waste Disposal) | ✅ End-to-end solution: No need for user intervention in planning, procurement, installation, or disposal. ✅ Engineers and technicians ensure proper installation & maintenance. ✅ Waste disposal service meets environmental compliance standards. ✅ Full ERP tracking, including facility management & maintenance logs for improved inventory forecasting. ✅ Best for long-term cost savings through reduced failures and optimized maintenance. | ❌ Highest cost among all plans. ❌ Less flexible—users may pay for services they don’t always need. | - Large industrial sites with frequent luminaire failures and high maintenance costs. - Companies looking for hassle-free, long-term inventory and facility management. - Organizations needing regulatory compliance in hazardous environment |
Return of Investment, Contract Duration and Risk Management Benefits
| IMP Service | ROI | Contract Duration | Risk Management Benefits |
|---|
| Basic IMP (Audit & Recommendation Only) | ⏳ Short-term savings (no initial investment), but higher long-term costs due to lack of ERP tracking and supplier pricing benefits. | One-time engagement (can be renewed if needed). | 🔸 Minimal risk reduction—Users rely on their own procurement and maintenance strategies. |
| Standard IMP (Planning + Supply) | 💰 Moderate ROI—Cost savings from supplier discounts & ERP tracking but still requires user intervention for maintenance. | Annual or multi-year contracts depending on procurement volume. | 🛡️ Moderate risk reduction—Ensures better procurement & tracking but does not cover failures or maintenance issues. |
| Advanced IMP (Full-Service: Planning + Supply + Install + Waste Disposal) | 📈 High ROI—Long-term cost savings from reduced maintenance, improved lifespan, compliance, and automated inventory tracking | Multi-year contract (recommended 3-5 years) to maximize benefits | 🏆 High risk reduction—Minimizes operational disruptions, ensures compliance, and reduces long-term maintenance costs |
For more information, please feel free to contact us.