Smart Inventory Solutions
7 Actions for MRO and Indirect Inventory ReductionBook - 2007
Smart Inventory Solutions is the result of the author’s time spent working with clients and studying the issues people face in trying to achieve their inventory reduction.This landmark manual shows you the seven Actions for Inventory Reduction so you can easily, efficiently and sustainably achieve your inventory reduction, free up cash, and reduce your costs without risk and impact on your capability. Additionally, it shows you the author’s self-developed Inventory cash release process™ to follow, the mistakes to avoid and a sure fire approach that minimizes your workload. In fact you'll learn how to generate better results for these types of inventory.
- Shows you how to eliminate 100% excess of inventory and reduce inventory related working capital by up to 40%.
- Illustrates how to reduce your ongoing inventory management costs.
- Helps you develop the skills of your team to enable ongoing inventory management and independence.
- Provides 20 exclusive case studies and real life examples.
- Can be applied to all ‘bought in’ inventories such as parts and components, finished goods, OEM spares, MRO inventory, engineering spares, and industrial supplies.
- Includes a data collection guide.
Consultant and practitioner Slater introduces his trademarked inventory process which he believes reduces inventory, reduces costs without risk and impact on capabilities and, as a result, frees up cash. He considers inventory a "forgotten investment" and points out that in manufacturing inventory can account for half of the current assets of the business. With exercises and case studies he describes five unhealthy myths of inventory reduction and the issues that create excess inventory, the art of producing maximum results with minimum effort, and seven actions that will reduce inventory, including having someone else hold it or pay for it, selling excess and obsolete stock, eliminating duplication, changing the factors that drive safety stock, reducing reorder stock, more closely matching delivery with usage, and reducing the value of items held. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)