#lean_six_sigma one of the tool to elemanite the #wastage is called #DMAIC that can be used in #Supply_chian and #warehouse_management 1- #Define the problem like the order delay which lead to #product_availability PA issue . 2- #Measure The current issue by collecting data for example the PA results of your customers during 2023 and 2024. 3- #Analysis the collected data then check the possibility of improvement. 4- #Improve the current status by adding new target and methodology like PA target 98 and daily follow up of all orders through #live_dashboard . 5- #Control the performance of PA by conducting daily meeting with all concerned staff .

To streamline inventory control processes and cut costs, consider consolidating tasks, optimizing order quantities, and automating inventory tracking with software solutions to reduce manual errors and labor costs.

Leveraging an ERP as a centralized source of truth can help streamline your inventory management along with your order management, purchasing, accounting, manufacturing and inventory planning.

While automating inventory management does save time, the point is to simplify life for all members of your team. Inventory management software eliminates the need for excessive manual data entry. Track stock in real-time so you’re always up to price, and receive reorder alerts just before they run out. And it provides you speed, accuracy with your records by using items like barcode scanners or RFID tags and reduces the possibility of errors.

Streamline inventory control and cut costs with your team by leveraging tech tools like: - Inventory management software (TradeGecko, Zoho Inventory) - Barcode scanning and RFID technology - Cloud-based platforms (Salesforce, Microsoft Dynamics) - Mobile apps (Sortly, Inventory Manager) - Data analytics tools (Tableau, Power BI) These tools help reduce errors, increase accuracy, improve forecasting, and enhance collaboration. Implement them to optimize inventory control, cut costs, and boost efficiency.

Lean inventory always comes with the cost of experience, but it’s beneficial in a financial ecosystem, especially when money is tied up in inventory. Adhering to lean principles requires close attention to accurate current stock levels and clear visibility of future demand. Implementing practices like Just-in-Time (JIT) and Vendor-Managed Inventory (VMI) can be highly effective in these cases—something I have personally experienced.

ABC analysis: Categorize items based on their value and usage to focus on critical ones. Economic order quantity (EOQ): Determine the optimal order quantity to minimize costs. Reorder point: Set appropriate reorder points to avoid stockouts. Safety stock: Maintain a buffer of stock to account for uncertainties.

To apply any lean principle it is very important to first understand the type of product you are dealing in. Is it Fast moving standard product or customized product and set the right order size to optimise your logistics cost along with holding or ordering cost.

Partnership with sales and product development is a proactive strategy to effectively managing inventory levels and reducing chance of obsolescences. Managing total lead times and reducing them will allow you to order more frequently at a smaller quantities hence reducing chance of obsolescences as demand changes. This also allows you to respond quicker to your customer demand spikes and gives you an advantage over your competitors to expand sales opportunities and hence increasing revenue.

Adote o inventário enxuto e veja a diferença! 🌟 Analise Dados e Identifique Tendências: Treine sua equipe para usar dados de vendas e prever com precisão os níveis de estoque necessários. 📈 Pratique Just-in-Time (JIT): Encomende o estoque próximo do momento em que é realmente necessário. Isso reduz custos de manutenção e evita excesso ou obsolescência. ⏱️ Transforme o gerenciamento de estoque em um processo mais econômico e ágil! 🚀💼

Invista no treinamento da sua equipe e veja o impacto positivo no controle de estoque! 🌟 Eduque e Capacite: Garanta que todos entendam a importância do gerenciamento de estoque e saibam usar a tecnologia disponível. 📚 Sessões Regulares: Mantenha sua equipe atualizada com melhores práticas e novas ferramentas através de treinamentos contínuos. 🔄 Uma equipe bem treinada pode prevenir faltas de estoque, gerenciar devoluções com eficiência e manter registros precisos. 🚀💪

3. Training Teams for Operational Excellence in Logistics and Inventory Management A skilled and knowledgeable workforce is key to efficient inventory management. Continuous training programs keep employees up-to-date on the latest technologies and industry best practices. This ensures teams are well-prepared to manage inventory systems proactively and prevent stockouts. Key benefits: Improved employee competence, reduced errors, and increased operational efficiency.

Training the team to perform their task with confidence is the key for any process to deliver expected results. Regular training programs to upskilled current team members and new joiners should focus on developing SME on specific processes. Clear defined Standard operating model with defined responsibilities should be developed for team members to follow with required quality check milestones

Streamline inventory control processes and cut costs with your team by providing comprehensive training: - Educate team members on inventory management best practices - Ensure understanding of inventory software and systems - Train on accurate counting, reporting, and tracking procedures - Emphasize the importance of inventory accuracy and timeliness - Encourage collaboration and communication among team members - Provide ongoing support and refresher training as needed Well-trained team members can: - Reduce errors and inaccuracies - Improve inventory turnover and efficiency - Enhance customer satisfaction and responsiveness - Minimize waste and excess inventory - Optimize inventory levels and carrying costs

Streamline inventory control processes and cut costs with your team by conducting regular audits: - Schedule regular inventory counts and cycle counts - Verify accuracy of inventory records and reports - Identify and address discrepancies and errors - Analyze inventory turnover and identify slow-moving items - Review and optimize inventory storage and handling processes - Use audit findings to improve inventory management strategies Regular audits can help: - Reduce inventory shrinkage and loss - Improve inventory accuracy and reliability - Minimize overstocking and excess inventory - Optimize inventory levels and carrying costs - Enhance overall inventory control and efficiency

Realize auditorias regulares e mantenha seu controle de estoque preciso e eficiente! 🔍 Contagens Manuais Periódicas: Agende verificações regulares para garantir que os registros de estoque coincidam com o que está nas prateleiras. 📊 Identifique Discrepâncias: Use auditorias para detectar problemas como roubo, dano ou extravio desde o início. 🚨 Avalie e Melhore: Trate auditorias como oportunidades para revisar a eficácia das suas estratégias de gerenciamento de estoque e faça ajustes conforme necessário. 🔄 Mantenha a precisão e a integridade do seu estoque com auditorias frequentes! 📈🔧

Regular audits: Conduct periodic audits to identify discrepancies and losses. Theft prevention: Implement security measures to prevent theft. Damage reduction: Improve packaging and handling to minimize damage. Expiration tracking: Monitor perishable items to avoid spoilage.

Negotiate longer payment periods with your suppliers, allowing you time to sell the inventory before payment is due. Ensure payment terms are clearly defined in your purchase agreements. The supplier (read consignee) receives a commission or a percentage of the sale price for each item sold. This is their compensation for selling and handling the goods.

Having a highly synchronized system between the supplier and the consumer can yield many benefits, such as reducing the impact of line stoppages, managing non-conforming (NG) stocks more effectively, minimizing obsolescence, and preventing piles of non-moving inventory. It also ensures that lead times align with contracts, eliminating the need to rush after the push and pull of timely orders.

Sincronize com seus fornecedores e torne o gerenciamento de estoque mais eficiente! 🤝 Compartilhe Previsões: Divida suas previsões de vendas e metas de estoque para melhorar a coordenação e planejamento. 📈 Negocie Condições: Aproveite acordos como descontos por volume ou consignação, onde você paga pelo estoque somente após a venda. 💰 Reduza Prazos: Trabalhe em parceria para reduzir os prazos de entrega e garantir uma cadeia de suprimentos mais ágil e confiável. 🚚 A sincronização com fornecedores pode transformar seu gerenciamento de estoque e otimizar suas operações! 🌟🔗

Historical data analysis: Use past sales data to identify trends and seasonality. Market research: Gather information about market conditions, competitor activities, and customer preferences. Salesforce input: Involve sales teams to get insights into customer demand and potential changes. Forecasting tools: Utilize advanced forecasting techniques and software.

Streamline inventory control processes and cut costs with your team by implementing a supplier consolidation strategy (also known as "Supplier Sink"): - Reduce the number of suppliers and vendors - Consolidate purchases with a few trusted suppliers - Negotiate better prices and terms - Simplify ordering and receiving processes - Improve communication and collaboration with suppliers - Consider implementing a vendor-managed inventory (VMI) system Supplier consolidation can help: - Reduce procurement costs and administrative tasks - Improve inventory accuracy and visibility - Minimize stockouts and overstocking - Enhance supplier relationships and reliability - Cut costs associated with managing multiple suppliers

Efficient layout: Arrange storage areas to minimize movement and maximize space. Proper labeling: Clearly label items for easy identification and retrieval. FIFO/LIFO: Implement appropriate inventory valuation methods to manage costs. Preventative maintenance: Regularly maintain equipment to minimize damage and losses.

Adote a melhoria contínua e eleve seu gerenciamento de estoque a um novo nível! 🚀 Cultive Feedback: Incentive sua equipe a fornecer feedback sobre os processos atuais e sugerir melhorias. 📣 Implemente KPIs: Use indicadores-chave de desempenho para medir a eficácia do seu controle de estoque e identificar áreas para aprimoramento. 📈 Refine Continuamente: Ao melhorar constantemente seus processos, você se mantém à frente dos desafios e garante um sistema de estoque mais enxuto e econômico. 🔄 Transforme o gerenciamento de estoque com uma mentalidade de melhoria contínua! 💡📊