Optimizing Inventory Management for Enhanced Efficiency
Enhance communication, information sharing, and technical advancements in inventory management following Dr. Tony Wild's best practices. Improve control over manufacturing processes, integrate SKU records, embrace new ideas, and focus on key objectives to boost operational efficiency.
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Presentation Transcript
THE PROCESS FOR IMPROVEMENT COMMUNICATION INFORMATION SHARING TECHNICAL ADVANCEMENT Best Practice in Inventory Management Dr Tony Wild
EVOLUTION OF MANUFACTURING Gain control over individual stores and manufacturers (through master scheduling & MRP for example) Include finished warehouse stock to the manufacturing control process (from materials management activity) Add distribution costs into the cost balance (identify skus) Form partnerships with suppliers to avoid duplicating their stocks with raw material stockholding Work on flow through the supply pipeline to eliminate finished warehouse or distributor stocks Integrate the distributed regional stores into the inventory management system (DDMRP approach) Integrate SKU records along the supply chain Co-ordinate supply chain management to minimise supply chain costs ( integrated business planning ) Continuous development of product flow. Best Practice in Inventory Management Dr Tony Wild
INFORMATION STRUCTURES INFORMATION STRUCTURES CUSTOMER FOCUS ADDITIVE MANUFACTURING UNDERSTANDING FINANCE ENTERPRISE RESOURCE PLANNING ERP BIG DATA SUPPLY CHAIN ACTIVITIES SINGLE WAREHOUSE INVENTORY LEVELS FORECASTING Best Practice in Inventory Management Dr Tony Wild
RECIPE FOR SUCCESS RECIPE FOR SUCCESS DEVELOP STRATEGY FOCUS ON KEY REQUIREMENTS PLAN ACTIONS VIEW FROM CUSTOMERS PERSPECTIVE BE RELIABLE Best Practice in Inventory Management Dr Tony Wild
KEY MESSAGES EMBRACE NEW IDEAS APPLY THE TECHNIQUES FROM THIS BOOK USE THESE CONTROLS WITHIN THE SUPPLY CHAIN COMMUNICATION IS KEY DEVELOP NEW TECHNOLOGY FOCUS ON THE BASIC OBJECTIVES Best Practice in Inventory Management Dr Tony Wild
