One of the greatest challenges that consumer product businesses can face is unpredictable customer demand. When order volumes fluctuate without warning, it can be difficult for businesses to forecast what they might need. Suppliers are forced to either stockpile excess product or risk running out and damaging customer relations. With our Consignment Inventory Programs, Pace has built a repeatable solution for absorbing the risk of demand swings so they never become a customer service problem.

Pace works with multiple customers with inconsistent consumer demands, and for each of them we have established structured consignment inventory programs tied to min/max thresholds. Pace carries the inventory risk, monitoring usage patterns, and adjusting production levels based on what is happening in real time. By doing this, our clients always have the product available to meet their customers’ needs. As an added bonus, they are only invoiced once the inventory ships.

The practical effect is simple. Customers stop running out of stock, last-minute orders get filled without panic or premium freight costs, and product is already in our warehouse when demand hits. Across accounts enrolled in this program, Pace has tracked a combined revenue increase of $500,000 to $1,000,000 annually, all from Pace’s strategic approach to inventory management.