| Since the introduction of the lean system of | | | | the heart of the building and utilization of successful |
| continuous improvement manufacturing (CI), the | | | | CI systems today. |
| desire has always been for inventory management | | | | For example, in the cycle counting mode, inventory |
| that minimizes stock on hand, if not fully eliminating it. | | | | managers can run inventory audit lists tagged to any |
| True to lean principals, by eliminating waste at every | | | | period of time to answer the question of why there |
| turn in the manufacturing process quality is improved | | | | are discrepancies in inventory numbers. As for |
| while production time and costs are reduced. As one | | | | turnaround/turnover, ERP inventory management |
| of the "seven wastes" in lean philosophy, inventory | | | | software is suited as an assessment tool for gauging |
| proves to be inefficient when a plant maintains more | | | | how JIT any manufacturing system really is through |
| on-hand inventory than is minimally required to | | | | the number of turns the inventory takes; and of |
| produce products in the immediate time frame. | | | | course, increased turns is the desired result of a lean |
| Rather than the batched, push-production system | | | | system eliminating waste by the reduction of on-hand |
| where large inventories are maintained for the | | | | inventory. |
| potential of future sales or supply chain problems, | | | | Regarding supply and demand chains, inventory |
| lean methods employ a pull-production system where | | | | management through ERP software is able to review |
| orders are pulled from customers and raw material as | | | | key time-critical data to balance the time phasing |
| inventory is maintained only long enough to be swept | | | | requirements of materials, parts, and tools. That is to |
| into production-just in time (JIT), so to speak. | | | | say, with a robust ERP manufacturing solution, |
| Certainly, manufacturers today are seeking to be | | | | inventory managers are in the position to make |
| more productive and less wasteful with regards to | | | | informed decisions concerning demand chains and |
| inventory management. For example, there is a train | | | | supply chains. This is especially true in the newly |
| of thought that by decreasing randomness in the | | | | emerging vendor managed inventory systems (VMI) |
| manufacturing process, you also decrease inventory. | | | | that are increasingly seen as the logical extension of |
| From this thinking has emerged the notion of total | | | | lean manufacturing methods and JIT inventory |
| enterprise resource planning (ERP). Here concepts | | | | management. |
| such as system flow, quality of performance, labor | | | | These aspects of inventory management are vital |
| productivity, purchasing and materials management, | | | | elements for inclusion into any robust ERP software |
| inventory, and shipping are all integrated in terms of | | | | package seeking the leaning of manufacturer |
| procedure and communication. With the real-time | | | | operations. With the knowledge gained through the |
| data available through ERP software, plant | | | | real-time data available in ERP, inventory management |
| departments are integrated and coordinated toward | | | | becomes a central point of analysis for finding |
| the goal of decreasing randomness in the production | | | | additional efficiencies in the system flow. It is in this |
| process. | | | | way that efficiencies in manufacturing eliminate waste |
| With a robust ERP software package, lean inventory | | | | in the process. By offering the user a complete |
| management is facilitated in all aspects of the | | | | inventory management package that interconnects |
| operation and should include the important functions | | | | with all other shop areas in the production process, |
| of: cycle counting, supply & demand, and | | | | integrated ERP software builds a CI environment that |
| turnaround/turnover. In essence, it is this sort of | | | | enhances both productivity and profits. |
| inventory management and efficiency tool that is at | | | | |