Struggling to balance stockouts and lean inventory for just-in-time production?
Just-in-time production saves costs but risks stockouts. To strike a balance:
- Analyze sales data to forecast demand more accurately and adjust inventory levels accordingly.
- Build strong relationships with suppliers for faster replenishment and shared risk management.
- Implement a flexible inventory system that allows for quick shifts between lean and safety stock levels.
How do you manage the balance between stockouts and lean inventory in your production process?
Struggling to balance stockouts and lean inventory for just-in-time production?
Just-in-time production saves costs but risks stockouts. To strike a balance:
- Analyze sales data to forecast demand more accurately and adjust inventory levels accordingly.
- Build strong relationships with suppliers for faster replenishment and shared risk management.
- Implement a flexible inventory system that allows for quick shifts between lean and safety stock levels.
How do you manage the balance between stockouts and lean inventory in your production process?
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