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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: Using Lean Six Sigma to Manage Excess Inventory Word document

Using Lean Six Sigma to Manage Excess Inventory

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This business document is categorized under the function(s): Operations

It applies to Automotive & Manufacturing.

File Type: Word (docx)

File Size: 181.1 KB

Number of Pages: 13

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Initial upload date (first version): Feb 9, 2017
Most recent version published: Feb 9, 2017

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Using Lean Six Sigma to Manage Excess Inventory

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