- March 5, 2024
- Posted by: admin
- Categories:
New Inventory Optimization
Imagine this situation: the parent company asks you to institute an aging product inventory, but controlling the inventory becomes a headache.
Our client was in this situation. They lost control of FIFO and inventory accounting was taking more than two days.
After analyzing the process, we discovered that their main problem was the lack of proper standards to easily keep track.
We implemented a system of visual controls that revolutionized their process.
Now, pallets were separated by product type, day of the week and production date. They were identified by color and shape, eliminating the need for scanning.
In addition, we implemented standard pallet sizes and segmented the storage areas so that different types of product did not mix.
The result was amazing. We reduced the count time from two days to as little as 2 hours and eliminated 10% shrink. With a strategic approach and practical tools. This is how innovation in inventory management can make a difference in any industry.