Tag Archives: inventory driver

WITHOUT INVENTORY FLOW AND FIFO DON’T MIX

The purpose of lean manufacturing is simply to eliminate waste and increase value for customers and shareholders. The theory is to have optimum linkage and flow throughout your value stream. The rate of your production should match the rate of … Continue reading

Posted in Commentary | Tagged , , , , , , , , , | Leave a comment

5 Real World Tips to Reduce MRP Nervousness

Do these terms sound familiar, expedite, and defer, damper and cancel? If so you’re most likely a Material Planner or Master Scheduler. If that is the case you’re well aware of the nervousness of MRP systems. Most of the time … Continue reading

Posted in Education | Tagged , , , , , , , , , , | Leave a comment

Harry’s Law of Inventory Management

Flow down requirements then let God sort it out. That seems to be a common practice in today’s manufacturing environment.   During order entry and subsequent maintenance a trained inventory manager can easily discern rather a customer is simply dumping … Continue reading

Posted in Inventory Drivers | Tagged , , , , , , , , | Leave a comment

Lean Inventory – Beyond Cycle Counting

This discussion should be a no brainier to true lean practitioners however for some reason this point oftentimes is not driven throughout the organization.   Why is real time inventory accuracy so important? The high level reason that investors want … Continue reading

Posted in Inventory Drivers | Tagged , , , , , , , | Leave a comment

The Cost Accountant your Hidden Resource

Excess inventory and cost overruns plague companies large and small. While searching for large global solutions don’t overlook solutions that are quick and easy. One continually overlooked issue is review of your assumption prior to production. After receipt of a … Continue reading

Posted in Inventory Drivers | Tagged , , , , , , | Leave a comment

Stock Room Clerks the Sentries of Inventory

One common excess inventory driver is a direct result errant transaction within storerooms of companies. The problem is easy to correct with proper training however these errors usually go unnoticed except by material planning personnel who are experienced in tracing … Continue reading

Posted in Inventory Drivers | Tagged , , , , , | 2 Comments

Excess Inventory Drivers

Recently decided to add category named inventory drivers. This will contain issues opportunities of inventory management from a tactical perspective. All too often we overlook the simple drivers to excess inventory while we search for complex global solutions. Why is … Continue reading

Posted in Inventory Drivers | Tagged , , , , , , , | Leave a comment