Excess stock of raw materials: “I buy my materials before the right time”

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etikhatun986
Posts: 1
Joined: Wed Aug 30, 2023 4:01 am

Excess stock of raw materials: “I buy my materials before the right time”

Post by etikhatun986 »

Do you know what your industry pains are? What problems prevent you from growing and expanding your business? The Dores da Indústria series begins , where we show you the right treatment to solve your difficulties.

In this article you can see the video and the complete transcription of the eighth Dores da Indústria, where we talk about buying my materials before the right time. This problem is directly linked to excess stocks of raw materials . We show how to find a solution for this treatment group focused on Production and Purchasing Planning, with generation of production orders and MRP. SEE MORE – What is MRP, what is it for and what are its secrets


You may not even know how this issue could be affecting your industry. Click on the video and see better the treatment of this pain:

We hope we helped you identify and treat this symptom. Like the video, share and leave your comment, so we can answer more questions. Your interaction is very important to us.

Wait for the next video in the Dores da Indústria series , every Thursday, on the Industrial Blog . Watch a demonstration of the Industrial ERP and also follow Nomus in the Production Chat .

See the other videos in the Pains of the industry series
I make less than necessary
I manufacture my products after the right time
I buy less materials than necessary
I buy my materials after the correct time
I manufacture more than necessary
I manufacture my products before the correct time
I buy more materials than necessary
I buy my materials before the right time
Inventory control in the warehouse
I have no control over the materials used in production
4 types of operational inventory in the industry (and their causes)
Transcription – I buy my materials ahead of time
let's talk about the last cause of pain that generate imbalance in stock, in stock management, which are handled by Production Planning and Purchasing, with generation of production orders and MRP. This is, in fact, the last pain that we mapped in our mental map , but you may identify some other pain, which has the treatment in the MRP and we haven't identified it yet. You are invited to send your suggestion.



We are talking about the excess stock of raw materials, caused by anticipation of purchase, when I buy my materials before the correct time. Dores da Indústria is for working on the content, not just watching and feeling satisfied. I want you to take paper, pen, spreadsheets and do math to be able to estimate how much money you are losing because of this problem.

So, one thing is you have excess stock , another thing is knowing that the cause is the advance purchase of the material, which you bought before the need and it remains unused. If you don't know how much money you are losing because of this, I believe that the chance of investing your time and even money in a project or consultancy to eliminate this pain will be much smaller. From the moment you know how much money you're losing, even if it's an estimate, you'll have more energy and strength to solve the problem, so it doesn't happen again.

treating the pain
Of course, there are several other sources of Email Marketing Database financial losses for buying your material before the right time (you can still list all of them that we already mentioned in previous articles), but what I thought to discuss was the workmanship. When you have a large warehouse with a lot of stock, you will need more people controlling and organizing. In the previous article , we talked about wasting space, which is analogous to wasting a worker's time .

Image

We have two situations that can happen, if you have a large company, a large team taking care of the warehouse, you can reduce this team, directing it to another sector, which has a bottleneck or a more urgent need for manpower.

“My company only has one person in the warehouse, what do I do?”

We are not talking about dismissal , although it is necessary in some cases, but about making better use of your workforce, your team, making them more motivated. Even if you only have one person in the warehouse and you can't direct him to exclusively do another activity, you can have him supporting other activities, besides tidying up inventory. Having less stock to arrange, she will be able to do other activities that add more value.
xefin
Posts: 181682
Joined: Thu Apr 11, 2024 5:45 am

Re: Excess stock of raw materials: “I buy my materials before the right time”

Post by xefin »

xefin
Posts: 181682
Joined: Thu Apr 11, 2024 5:45 am

Re: Excess stock of raw materials: “I buy my materials before the right time”

Post by xefin »

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