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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

Sold by Charles M. Intrieri Consulting (this author has 15 documents)

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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

Related Topic(s): Inventory Management

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

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