Benefits of a proper stock control system:
- Reduced Stock loss & write-offs
- Fewer Stockouts disrupting planned production
- Less stock adjustments due to human error
- Less overstocking of raw materials
- Enables improved resource utilisation
- Improved flow of materials through the operation
- Enhances work control and management of personnel performance
Assessment Plan
Assessment and Business Case Development is completed within 3 working days for
medium size manufacturing facilities. This includes a half-day site visit for data collection
and ‘As Is’ Process mapping
1. Capture Lost Revenue Data
- Stock write-off history
- Unaccounted stock
- Expired/Damaged/Spoilt/Obsolete stock
- Stock adjustment history
2. Capture Stock Loss & Shrinkage Data
- Stock write-off history
- Unaccounted stock
- Expired/Damaged/Spoilt/Obsolete stock
- Stock adjustment history
3. Work Control & Efficiency Study
- Standard work routines & communication
- Time studies
- Housekeeping routines
- FIFO control mechanisms
- Personnel Performance Scorecards
4. Process Mapping
- Map ‘As Is’ Process flow and inputs/outputs for Key Warehouse Processes
5. Reporting
- Develop assessment report
- Create business case
- Present to Client
