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
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