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How to solve the problem of high inventory?

author:Digital management of factory health

Solving the problem of high inventory requires comprehensive management from multiple angles, and here are some effective strategies and methods:

1. Optimize supply chain management: Establish and improve the procurement management system and procurement strategy, consider the comprehensive procurement cost, and adopt different inventory management strategies for parts and components of different values.

2. Establish an internal supply chain coordination mechanism: strengthen the communication between the sales side and customers, improve the accuracy of sales forecasts, and realize the rapid and accurate transmission of sales and operation plans.

3. Compress the supplier's delivery time: analyze the impact of long-term procurement and compress the supplier's delivery time as much as possible, choose a reasonable delivery method to affect the inventory for a long time.

4. Implement lean inventory management: Promote suppliers to assist in the implementation of VMI (Supplier Managed Inventory), JIT (Instant Delivery), Milk Run (Circular Pickup), etc., to drive supply with actual demand.

5. Improve the reliability of product development: Reduce inventory overhang due to product design changes or obsolescence.

6. Introduce third-party logistics support: use the professional warehousing, logistics, distribution system and information technology platform support of third-party logistics service providers to reduce warehouse and logistics risks and deliver quickly.

7. Inventory risk assessment: Measure the risk of inventory to sales forecast, and reduce the risk by means of batch production and batch delivery.

8. Inventory turnover management: pay attention to inventory turnover rate and cash turnover rate to improve capital utilization efficiency and profitability.

9. Perfect process and system: Establish a sound process and system to manage inventory, from sales forecasting, production, assembly to procurement, all need to carry out strict process management and control.

10. Continuous monitoring and management: Inventory management is a long-term activity that requires constant attention and management to prevent inventory issues from recurring.

11. Technical solutions: In high-concurrency scenarios, technical means such as ERP + code scanning technology are used to ensure the safety and efficiency of inventory operations.

12. Order and inventory processing solution: Generate orders and reduce inventory when users place orders, and record inventory flow at the same time to ensure that order processing in high-concurrency scenarios is safe and efficient.

Through the implementation of the above strategies, enterprises can effectively reduce inventory levels, reduce capital occupation, and improve the ability to respond to market changes, thereby enhancing the competitiveness and profitability of enterprises.

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How to solve the problem of high inventory?
How to solve the problem of high inventory?
How to solve the problem of high inventory?