Manufacturing, Supply Chain and Maintenance Management Newsletter

 

In this Issue: Excess Inventory

This week we talk about the 3nd of the 7 wastes: Excess Inventory

Excess Inventory is any raw material, work in process or finished good inventory in excess of requirements for ontime delivery (to the next process, or to the customer).

Causes of excess inventory

Results of excess inventory

Measures against excess inventory

Very important: excess inventory hides problems, because it generates an alternative to investigating the root cause of the problem.

Next week, the subject is "Excess Processing", the 4th of the 7 Wastes.

Have a nice week,

Marcel

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