Inventory Management Program
INVENTORY RECORDS/ACCURACY
- RECORDS - QUANTITIES/LOCATION, BILLS-OF-MATERIAL, ROUTINGS
- MEASUREMENTS - SET TARGETS
- ACCURACY - THE ENABLER
- SYSTEMS
- PLANNING & SCHEDULING
- CUSTOMER SERVICE
- TRAIN AND EXPLAIN
PLANNING/SCHEDULING
- START WITH A PLAN - KEEP IT SIMPLE
- MAKE TO STOCK/ORDER
- CAPACITY
- MANPOWER
- SCHEDULING - DECISIONS OR DEFAULT
- RAW MATERIAL/W-I-P/FINISHED GOODS
- INTERNAL LEADTIME
- SUPPLIERS LEADTIME
- OBJECTIVES/MEASUREMENTS
- INVENTORY TURNS
- CUSTOMER SERVICE
EXCESS AND OBSOLETE INVENTORY
- LOOK AT CAUSES
- SUBSTITUTE
- REWORK
- RETURN
- USE THE 80/20 RULE
- HERB'S LAW: INVENTORY WILL FILL THE AVAILABLE SPACE
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