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Smart Inventory Solutions 7 Actions for MRO and Indirect Inventory Reduction |
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Typical Inventory Reviews are Inefficient and Ineffective!
Most companies review their inventory by first selecting a single technique or issue and then applying it across their entire inventory. The problem with this approach is that if the chosen technique does not suit a specific inventory item then no action is taken. As a result this approach can be both inefficient and ineffective and rarely produces the best result.
What if some other action could have been taken? What if by choosing an alternative technique an improvement could have been made? Would it not be better if we could match specific techniques with specific inventory items?
A New and Better Way
The difference with this approach is the '7 Actions for Inventory Reduction'. Using these actions enables you to optimize your inventory management by selectively applying the right technique for inventory reduction based on the characteristics of individual inventory items, rather than apply one technique to all items.
‘Smart Inventory Solutions’ shows you how to selectively apply the ‘7 Actions’ and then implement them for greatest effect. This book shows you how to achieve greater results by turning your inventory review on its head.
Showing your team the range of options they have and how to apply them frees you of the single initiative trap. By involving the right people you eliminate the criticality and risk issues.
Read our white paper: Why MRO Inventory Optimization Doesn't Optimize.
A Complete Solution
Smart Inventory Solutions applies The Inventory Cash ReleaseTM Process to specifically target MRO and indirect inventory. The process is a complete solution that guides you from the starting point of 'where do I focus' through the techniques for achieving inventory reduction, through to taking action and implementing your inventory reduction program. The result? Inventory Process Optimization™. Download a process flow chart
Any company looking to take action to reduce their excess inventory or establish reasonable controls to curtail the growth of inventory should read this book. The principals presented are done in an understandable, straightforward manner. There are not a lot of fancy formula-driven theories, but there are focused recommendations for specific actions to have immediate effect on inventory value.
This book helped us reverse the trend of growing inventory for the first time in the 30-year history our company. Read more>>> Arthur L. Posey, P.E. Sr. Maintenance Manager, Wheelabrator Technologies Inc. Morrisville, PA, USA
Compare With Other Approaches
Most inventory optimization techniques only optimize your inventory within a narrow band of constraints. The difference with this process is the '7 Actions for Inventory Reduction'. This enables you to optimize your inventory management by selectively applying the right technique for inventory reduction based on the characteristics of individual inventory items, rather than apply one technique to all items. Download a comparison of approaches.
As a result you can achieve a far greater inventory reduction with almost no risk to your sales or operational capability.
Click here to read our Inventory Cash ReleaseTM FAQs
And because the Inventory Cash ReleaseTM Process uses a clever way to focus on just the inventory that matters it can cut your workload by 90%!
This New Book Shows You How to Apply The Process
Smart Inventory Solutions shows you, step-by-step, the process to follow, the mistakes to avoid, and a sure-fire approach to minimize your workload.
In fact, you'll learn how to generate better results from your reduced inventory. This approach is ideal for all 'bought in' inventories such as parts and components, finished goods, OEM spares, MRO inventory, engineering spares and industrial supplies.
Using exclusive real-life examples and case studies, and providing you with a full glossary and data collection guide, this manual will show you how some companies:
All with no impact on risk.
Measurable Results
Recently on company achieved an overall inventory reduction of 42% and so far has sustained this for three years and counting. Another company achieved a 36% reduction and produced a $24M improvement in cash flow in one year! Click here to read their case study.
Shows You How To Implement
This book shows you more than just the process, it also shows you how to implement the process within your business. Chapter 8 covers 'Taking Action' and specifically addresses the three questions you need to answer before commencing a program, the stages of implementation, who to involve, integrating inventory management with inventory reduction and developing your action plan.
The following shows the complete Table of Contents.
Adopted By Companies All Over The World
You'll learn an approach that has been reviewed and adopted by companies such as: a major aluminum miner and processor; a major packaging company; a Korean equipment manufacturer; a steel blast furnace and steel works; an industrial valve and fitting distributor; an international bearing manufacturer and distributor; a pump manufacturer; a consumer plastics company; a scientific instruments developer; a laboratory instrument importer; an industrial chemicals processor; an international beverage company; an international toy manufacturer; and an auto parts distributor
About The Author
While these days Phillip wears many labels – author, advisor, trainer, company director and consultant – he’s had a career-long focus on improving business performance and has worked for a wide range of clients in many countries, including: Australia, UK, Sri Lanka, Thailand, Malaysia, China, Korea, Japan, Singapore, USA, Mexico and Canada.
Phillip has engineering degrees from both The University of New South Wales and Monash University and teaches short courses in inventory reduction for APICS - The Society for Supply Chain Professionals.
To contact Phillip Slater via email click here
Although this is a book that an individual can read and benefit from, its greatest value will be derived (in my opinion) only if several members of a team read it, complete the exercises, and then share their responses. The ultimate objective should be a single document that can then serve as a game plan when the team proceeds to implementation.. Robert Morris Amazon Top 10 Reviewer CEO Express
Consultant and practitioner Slater introduces his trademarked inventory process which he believes reduces inventory, reduces costs without risk and impact on capabilities and, as a result, frees up cash. He considers inventory a "forgotten investment" and points out that in manufacturing inventory can account for half of the current assets of the business. With exercises and case studies he describes five unhealthy myths of inventory reduction and the issues that create excess inventory, the art of producing maximum results with minimum effort, and seven actions that will reduce inventory, including having someone else hold it or pay for it, selling excess and obsolete stock, eliminating duplication, changing the factors that drive safety stock, reducing reorder stock, more closely matching delivery with usage, and reducing the value of items held. ©2007 Book News Inc. Portland, OR
Buy It Now!
There are 2 options for buying this book on the web:
1. Instant download via the on-line retailer ClickBank for US$39.95 (the fastest way to get the book)
No Waiting - Instant Access - Unlimited print out rights
Plus Special On-Line Offer - Get 50% off the book A New Strategy For Continuous Improvement. That's two books for just US$59.95
Plus, I personally guarantee the e-book. If you are not satisfied with the information, process, examples and guidelines contained in the e-book we will give you a 100% refund. You have 60 days to make that decision, so you really can't go wrong. 2. Hardcover through Amazon.com (often the lowest cost way to get the book)
Please Note: ClickBank, is a trusted online retailer specializing in digitally delivered products. ClickBank utilizes the strongest security and anti fraud features available on the internet and never stores your financial data on their system! Your credit card data is passed directly to the bank and no one but the bank has access to your sensitive information. They tell me that they are also approved by the Better Business Bureau!
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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
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In
the book ‘Smart Inventory Solutions’, Phillip Slater shows you a new way
to look at inventory review that achieves just this. By focusing on the
inventory item and then choosing the technique that specifically suits that
item you can achieve greater results, faster and more easily. Plus the
results are more likely to be sustained over the long term.
With
over twenty years of business improvement experience, Phillip Slater
provides a unique combination of skills and experience encompassing
manufacturing and service organizations and covering operations management,
financial management, sales, marketing and corporate governance. 
