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.
backgorund overlay
Pattern
Continuous Improvement Services
Inventory Management & Reduction
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.
White arrow
Red arrow
Customer Stories
Video Poster
Since going live, we have seen significant reduction in inventory while increasing throughput as a result of better utilization of our resources.
Jim Adams, Controller
Sparton
Related Products and Services
Data-Driven Manufacturing Solutions
Make the best decision by easily accessing your data.
- Easy Access
- Descriptive, Predictive & Prescriptive Data Analytics
- Integration Services On-Demand
- Self Service
Delivery Performance Improvement
As supply chains become more complex, the dependencies between supply chain partners become increasingly critical. Your ability to keep commitments will strengthen your place in the supply chain.
- Build Loyalty
- Save Time & Money
- Anticipate Issues
- Deliver On Time
Lean Manufacturing
Reap the benefits of lean enterprise.
- Front Office Productivity Gains
- Shop Floor Productivity Gains
- Inventory & WIP Reductions
- Lead Time Reductions & On-Time Delivery Gains
- Cost of Quality Reductions
Quality Management Support & Services
Reap impressive results with optimized ERP & QMS systems.
- Proper Accounting of Cost of Goods & Quality
- Superior Supplier Performance
- Improved Employee Engagement
- Correct Action Effectiveness
- Lower Inventory & Material in WIP
Supply Chain Management
Improve every part of your business.
- Be More competitive
- Increased Cash Flow
- Repeat Customers
- Improve Production Quality
- Less Inventory, More Cash
Infor VISUAL ERP
VISUAL delivers a complete, end-to-end, ERP solution that enables order-driven manufacturing companies to maintain a competitive advantage by delivering quality products on time.
- Costing, Scheduling, & Material Planning Tools
- Fast User Adoption
- See Where Your Jobs Are
- On-Premise or Hosted Deployment
- Powered by Microsoft SQL Server Database
Infor VISUAL ERP Scheduling
Improve on-time delivery and throughput without adding overhead.
- Increase Delivery Performance
- Drag & Drop Operations
- Accurately Forecast Pricing & Delivery Dates
Protected Flow Manufacturing Enterprise
Protected Flow Manufacturing Enterprise's benefits go beyond on-time delivery and precise inventory control.
- Scheduling That Actually Works
- Expedited Quote to Cash
- Eliminate Future Issues
- Dynamic Material Planning
- Quick Implementation
Infor Quality Management
Gain system-wide visibility and control.
- Digitally Manage Nonconformance Actions
- Know Quality Priorities & Tasks
- Inspect Records in Real Time
- Control Document Management
- Automate Preventative Maintenance & Gage Calibration Scheduling
Demand Driven Material Requirements Planning
Often the issue with on-time delivery is the difficulty in maintaining the correct levels of customer inventory and inventory for production.
- Looking directly at real time consumption rates of material rather than a static forecast
- Dynamically adjusting stock levels as demand changes
- Analyzing and suggesting stocking levels between manufacturing assemblies and sub-assemblies to optimize flow and eliminate stock-outs
- Managing procurement to align supply dynamically with changes in demand
SourceDay Supply Chain Automation
Get real time, accurate information straight from your suppliers.
- Automatically Update Your ERP With Accurate Prices
- Know When Material Will Arrive
- Accounts Payable Three-Way Match From the Source
- Affordably Manage Your Supplier Base
- Maximize Supply Chain Performance
RF Plus for VISUAL by Portable Intelligence
RF Plus™ Warehouse Management System tracks inventory in real time.
- Delivery Line Schedule for PO and CO
- Auto Labour Ticket Creation
- WO-CO & PO-WO Link Support
- Backflush FG Support & Raw Material Support (Auto-Issue)
- QC – Multiple Quarantine Locations and Movements
Related Resources
Brochures
Warehouse Optimization
To stay competitive companies are looking for solutions that will positively impact the bottom line. Implementing new Lean – Six Sigma strategies for warehousing and distribution will…
Brochures
Inventory Management Reduction
To gain a competitive edge in the market, companies today need to have an efficient and effective inventory management program. Left unattended, inventory can quickly change from…
Related News
Is your Inventory an Asset or a Liability?
It is estimated that the annual investment companies make in inventory represents between 20% and 40%…
See how Inventory Management can improve your business performance.
White arrow
Red arrow