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Let us imagine you have to reduce the inventory of tapes you need during your process.
Here the steps to follow:
How many tapes (on average) you need every week?
Set the space to contain maximum 2 weeks of tapes.
Create a Visual Management tool to understand the 2 weeks level (green) and 1 week level (red).
Determine who is the responsible and the accountable for replenish tapes on weekly bases.
Start by replenish the space with 2 weeks inventory and then every week refill the space and monitor the quantity ordered and its gap from the average.
Now you have a fixed inventory in the shop and a statistical data set to work on.
If the accountable is regular in his work, now the supplier could give tapes on weekly bases.
Set a minimum (i.e. 2 weeks) and maximum level (i.e. 4 weeks) in the warehouse.
Now you have fixed maximum inventory in the company for tapes.
Start again from point 1 halving the stock space and doubling the frequency of the replenishment.
Following these steps you will reduce your inventory in a consistent way for your company.
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