Reducing inventory is a frequent outcome of moving to a fork truck free operation, according to Topper Industrial. One common aspect to inventory, though, is that everybody agrees that holding it can be costly.
Lean manufacturing principles require elimination of waste and inventory reduction is a great place to start. At MODEX 2018 an educational seminar by Topper Industrial (http://bit.ly/2ib2n1V) will review some of the areas where inventory reduction coincides with FTF initiatives.
Some of the obvious metrics and protocols include reducing demand variability, improving forecast accuracy, re-examining service levels, and addressing capacity issues. The Fork Truck Free (FTF) environment often results in reduced order sizes, reduced manufacturing lot sizes, and reduced supplier and manufacturing lead times. Having carts deliver product to a production line improves supply reliability by reconfiguring the supply chain.
Inventory reduction and cost containment strategies should be a primary planning key performance indicator for all distribution and manufacturing companies; inventory reduction planning is the process by which inventory is reduced to free up working capital and prevent over-stocked items from becoming obsolete over a specific period of time. Proper planning and more intelligent procurement processes can help planners avoid these costly mistakes.
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Topper Industrial, leaders in the material handling equipment industry, will exhibit at MODEX 2018 April 9-12, 2018 at booth B4475.
About Topper Industrial
For more than twenty years, Topper Industrial, (www.TopperIndustrial.com) based just outside of Milwaukee, WI, has been a leader in the material handling equipment industry. The company’s product roster features industrial carts, conveyors, lifts, lifts & tilts, shipping racks, containers, casters, and cart components. From mother-daughter carts to quad steer carts to tilt carts and rotate carts, Topper’s material handling solutions make delivering material line side more effective through more efficient practices. Topper Industrial has a team of experienced professional experts able to assess and provide the right product for all material handling equipment requirements.
Topper Industrial is a proud member of MHI. The Topper Industrial client roster includes Anderson Windows, Detroit Diesel, Honda, Kia Motors, Ford, Chrysler, Aramark, Johnson Controls, Whirlpool, and Caterpillar.
Follow on Twitter @TopperInd. Call 800-529-0909.
Company Name: Topper Industrial
Contact Person: Jillian Burrow, Marketing Manager
Email: Send Email
Address:1729 NE Frontage Road
Country: United States