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Using Lean Six Sigma to Manage Excess Inventory (Word DOCX)
Word (DOCX) 13 Pages
INVENTORY MANAGEMENT WORD DESCRIPTION
DMAIC (Define, Measure, Analyze, Improve, and Control) will help find the root causes for excess and obsolete inventory and suggest methods to dispose of this inventory instead of trying to find additional costly warehousing or the use of a Third Party Logistics (3PL) Service Provider. This methodology is considered a cost reduction program wherein the cost of goods sold can be reduced to add profit to your organization.
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Source: Best Practices in Inventory Management Word: Using Lean Six Sigma to Manage Excess Inventory Word (DOCX) Document, Charles M. Intrieri Consulting
