|
|
|
|
|
|
Here's a tool that captures all of your inventory reduction opportunities and helps you manage the roll out!
|
|
|
Following Up The Actions Required for Success |
|
|
Review the book and system that supports this software.
The Inventory Cash ReleaseTM System
5 Myths of Inventory Reduction e-book
Inventory Process Optimization™ Module 1
Pod Cast 5 Myths of Inventory Reduction
|
Our Inventory Cash Release™ Process helps companies to safely, efficiently and sustainably reduce their investment in inventory. Download a comparison of approaches.
However, one of the key hurdles that many companies face is actually following up on the implementation actions. Often, the actions are listed on a spreadsheet on somebody's laptop. Sometimes that person moves on and the information goes with them. Sometimes they lose track of who was do what by when. Sometimes they lose the information and logic that led them to make their decisions in the first place.
What is needed is a tool that not only helps manage the range of implementation actions but also provides an audit trail of decisions and responsibilities.
The ICR® Implementation Software has been developed to do exactly this. This software tool guides you through the Inventory Cash Release™ Process enabling you to track all actions and maintain that all important audit trail of decision making. Download a process flow chart
Step 1: Import the Data Import data from your existing inventory management or ERP software.
Step 2: Draw Your Pareto Curve This curve demonstrates the concentration of your inventory and helps you to identify which items to prioritize.
Step 3: Record Your Initial Review Details Assign responsibility for an initial review, record the details of that review and identify the potential for inventory reduction. Once the initial review is completed you can assign responsibilities for approval of the plan, implementation of the plan and for checking that the full plan is implemented as intended.
Step 4: Record Your Detailed Actions and Assign Responsibility For each item you can now record the detailed actions required for full implementation. Each action can be assigned to different individuals. This helps when you involve people from different parts of the business such as purchasing, operations and finance.
Step 5: Manage the Implementation The ICR® Implementation Software then gives your inventory champion full visibility of the progress of implementation as the individuals nominated access the software to update their actions. The software also sends out email reminders if the action has not been updated by the nominated date!
The ICR® Implementation Software provides you with a complete audit trail of the decision making so that when inventory holdings are revisited (as they invariably will be) the logic of earlier decisions will be available. This will save you time both now and later.
|
|
Initiate Action Pty Ltd 49 Vida Street, Aberfeldie Vic 3040 Australia phone: +61 3 9331 3181 fax: +61 3 9331 3180
USA and Canada Free Call 800-581-7678
|
|
