Material stocking strategies

THE challenge

The client maintained stock of various material groups that were non-essential for the successful operation of its manufacturing processes.

 

These material groups increased storage costs and utilized the time and effort of valuable operational resources.

 

As a consequence, there were frequent disruptions in the availability of operationally critical and strategic materials.

THE SOLUTION

  • Stocking strategies were established for each material group, outlining the procurement sources and protocols for obtaining the materials.

 

  • Hundreds of material masters were reclassified as non-stock items.

 

  • Innovative procurement strategies were implemented to improve the user experience in acquiring non-stock items.

Expertise Applied

Supply Chain Management

THE RESULT

Inventory reduction
0 %

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