• Classification of inventory on ABC analysis.
• To define Min/Max norms for all SKU\'s based on their consumption and procurement lead time.
• Unique item codification & racking for every spare, consumable.
• To monitor the effective implementation of FIFO system for shelf-life items and ensure their usage before expiry.
• Disposal of obsolete items and plan inventory reduction by sharing non-moving items through interplant transfers or return back to supplier.
• Review of Min/Max norms once in 6 months with production / maintenance heads for optimum inventory levels & review of item master for eliminating duplicate codes / generation of new items.
• To reconcile system stock Vs physical stock once in every quarter".
• Negotiate better prices with scrap buyers.
• Explore new customer base for different categories of scrap material.
• To conduct scrap Auctions (online & Physical both).

Bayt