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HIGHLIGHTS
DOCUMENT 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
ABOUT THE AUTHOR: CHARLES M. INTRIERI CONSULTING
Independent consultant of over 25 years.
[read more]
Expertise include:
OPERATIONAL EXCELLENCE
• Planning - Strategic to Tactical
• Leadership, Coaching & Mentoring
• Budgeting & Reporting
• Risk Management, Compliance & Audit
• Process Improvement
SUPPLY CHAIN & LOGISTICS
• Warehouse, Distribution & Fulfillment
• Inventory Management
• Purchasing & Contract Negotiations
METRICS-DRIVEN MANAGEMENT
• Lean/Continuous Improvement
• Data Analytics & Data Mining
• Technology/ERP System Implementation
• Product Planning & Development
Charles M. Intrieri Consulting has published 14 additional documents on Flevy.
DETAILS
This business document is categorized under the function(s): Operations
It applies to Automotive & Manufacturing
File Size: 181.1 KB
Number of Pages: 13
Related Topic(s): Inventory Management
Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.
Initial upload date (first version): Feb 9, 2017
Most recent version published: Feb 9, 2017
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