Let us imagine you have to reduce the inventory of tapes you need during your process.
Here the steps to follow:
1)
How many tapes (on average) you need every week?
2)
Set the space to contain maximum 2 weeks of tapes.
3)
Create a Visual Management tool to understand the 2 weeks level (green) and 1 week level (red).
4)
Determine who is the responsable and the accountanble for replenish tapes on weekly bases.
5)
Start by replenish the space with 2 weeks inventory and then every week refill the space and monitor the quantity ordered and its gap from the average.
6)
Now you have a fixed inventory in the shop and a statistical data set to work on.
7)
If the accountable is regular in his work, now the supplier could give tapes on weekly bases.
8)
Set a minimum (i.e. 2 weeks) and maximum level (i.e. 4 weeks) in the warehouse.
9)
Now you have fixed maximum inventory in the company for tapes.
10)
Start again from point 1 halving the stock space and doubling the frequency of the replenishment.
Following these steps you will reduce your inventory in a consistent way for your company.
LeanLab Staff.
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