"You can't have too much inventory”[1]

“Why inventory control projects sometimes don’t produce results.”

It is a discussion of how and why inventories get out of control and what we can do about it.  Some of the points that will be explored are:

¯ The problems that inventory can hide.  “It’s not really cash.”

¯ The value of cycle counting

¯ The part that purchasing plays in inventory planning

¯ Improving Demand Planning

¯ The relationship between lead time and inventory

¯ Why inventories go up when we start an improvement program

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[1] This talk was given at both the Lancaster-York Chapter and the Schuylkill Valley Chapter in 2006. Good reviews at both.