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The Benefit Stacks

Here are five benefit stacks with areas of inefficiencies that can be attacked, as well as additional benefits that can be achieved.
By Bob Violino
Feb 01, 2005Macro-level problem:
Out-of-stocks


Contributing micro-level issues:
• Administrative errors
• Internal theft
• Poor case-picking accuracy
• Poor fulfillment accuracy
• Poor inventory accuracy
• Poor order accuracy
• Product diversion
• Put-away errors
• Slow order fulfillment

Additional benefit areas:
• Reduce chargebacks and invoice deductions
• Reduce cycle counts
• Reduce labor costs
• Reduce obsolete goods inventory
• Reduce spoilage or product
obsolescence

Macro-level problem:
Manufacturing inefficiencies


Contributing micro-level issues:
• Administrative errors
• Poor accuracy of work in process
• Poor raw material and parts visibility
• Poor visibility of parts inventory
• Poor visibility of work in process
• Poor yard management
• Receiving errors
• Supplier fraud

Additional benefit areas:
• Automatic tracking of inbound and outbound material
• Better use of working capital
• Improve regulatory compliance
• Lower inventory carrying costs
• Reduce manufacturing errors/defects
• Reduce stocks of raw material or components

Macro-level problem:
Excess inventory


Contributing micro-level issues:
• Administrative errors
• Cargo transfer errors
• Inability to respond to demand signals
• Internal theft
• Poor dock-to-stock time
• Poor inventory visibility
• Put-away errors
• Receiving errors

Additional benefit areas:
• Reduce cycle counts
• Reduce labor costs
• Reduce paperwork

Macro-level problem:
Excessive obsolete or unsaleable inventory


Contributing micro-level issues:
• Poor accuracy of work in process
• Poor finished goods inventory accuracy
• Poor fulfillment accuracy
• Poor parts inventory accuracy
• Poor parts receiving accuracy
• Poor parts visibility
• Poor visibility of work in process

Additional benefit areas:
• Reduce cycle counts
• Reduce labor costs
• Reduce paperwork

Macro-level problem:
Excessive losses through theft and/or counterfeiting


Contributing micro-level issues:
• Poor cargo transfer controls
• Poor inventory controls
• Poor track-and-trace controls

Additional benefit areas:
• Improve inventory accuracy
• Improve regulatory compliance
• Lower inventory carrying costs
• Reduce cycle counts
• Reduce paperwork
• Reduce product diversion
• Reduce recall costs
• Reduce safety stocks
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