Inventory Drivers
Understanding all the processes and business systems that go into driving your inventory levels is the first step in evaluating if you have a healthy inventory management program.
Pattern
Pattern
Right Part in the Right Amount — always!
To gain a competitive edge in today’s marketplace, manufacturing and distribution companies need to have an efficient and effective inventory management strategy. When left without a defined approach, inventory can quickly change from a company asset to a growing liability.
Setting replenishment levels
When set properly, replenishment levels will give you the buffer you need to protect you from variability without leading to excess inventory. The right formula and a regular review will lead to improved inventory turns.
Kanban Deployment
Understanding the benefits of deploying your inventory at point of use through a Kanban system, and how to align your business systems with this approach, is part of an efficient operations strategy.
Identify Slow Moving Inventory
Determining what inventory has been sitting on the shelf for too long and what you may have in excess is a key component of improving your inventory stance.
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