A midsized electrical assembly and distribution company faced significant challenges in managing inventory, leading to issues with accuracy, availability, and operational processes. Seeking a resolution, they engaged MetaExpert Paul to streamline their inventory management system.
MetaExpert Paul engaged in an in-depth analysis of the company's inventory management system, including both system-related and physical processes. Paul identified a disconnect between the computer's handling of inventory and physical management. Paul proposed a series of actions to correct the issues:
● Annual Physical Inventory to be set up and centrally controlled
● Develop and implement a robust Cycle count process
● Error-proof the warehouse
● Change the process in the MRP to match what is physically happening with the parts
MetaExpert Paul guided the company towards an 80% increase in inventory accuracy. This was achieved through robust cycle counting and corrective measures.
This firm measured notable improvements in inventory accuracy, operational efficiency, and inventory tracking, leading to enhanced customer satisfaction and streamlined processes.
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