PayneCrest Electric’s Post

Here's the yearly total active inventory for 2023 in comparison to recent years. Now for 2024...

Here's the yearly total active inventory for 2023 in comparison to recent years. Now for 2024...

🚀 Reducing ESP Spare Parts Delivery Time and Minimizing Downtime with EETC 🚀 "Time is money"—and at EETC, we take that seriously when it comes to delivering Electrostatic Precipitator (ESP) spare parts. We know that every minute of production downtime impacts your bottom line, so we've optimized our production and supply chain to ensure fast delivery and keep your operations running smoothly. 🔧 Here’s how we make it happen: ✅ Advanced Manufacturing Capabilities: With our 30,000㎡ factory and a skilled workforce, we handle everything from metal fabrication to assembly, ensuring we meet urgent spare part needs quickly. ✅ Strategic Stocking & Quick Turnaround: We maintain an extensive inventory of ESP spare parts, which means faster availability and less waiting time for our clients. ✅ Optimized Supply Chain: Our strong partnerships with suppliers and efficient internal processes allow us to streamline production and reduce lead times for delivery. At EETC, we make sure that you get the parts you need, when you need them, so downtime becomes a thing of the past. #ElectrostaticPrecipitator #EETC #Efficiency #SupplyChainManagement #ManufacturingExcellence #QuickDelivery #CustomerFirst

Inventory Replenishment Strategies: 1. High-Demand, Perishable Products: Maintain a safety stock and implement the FIFO (First-In-First-Out) method. 2. High-Demand, Non-Perishable Products: Establish a reorder point and use the EOQ (Economic Order Quantity) method. 3. Low-Demand, Perishable Products: Adopt a Just-In-Time (JIT) approach by ordering closer to the demand date. 4. Low-Demand, Non-Perishable Products: Implement a Min-Max system, maintaining inventory between specified minimum and maximum levels.

Material rejection takes place not only at the time of receiving from supplier but also at the production line. The material may get rejected as a part of a faulty unit which does not meet the product quality standards at any shop or at the end of the assembly line. As a result, raw materials consumed also get wasted. While it is important for production to meet its OTIF target, it is essential for them to keep track of rejection as well. Wondering why? Given below are 4 reasons: 1.     Availability of planned product quantity to consumer. 2.     Extra consumption of raw materials which may eventually lead to a shortage later on for items which have longer lead times. 3.     Buffer stocks will be consumed to meet customer demand in case demand is not met through fresh production. 4.     Production losses will incur with the shortage of raw material. Anya Aubry Imaan Sethi TARIQ ZAMAN Ahmed El-Marashly Torsten Becker Muhammad Abdullah S. Alex Koves 🥦 Hajra F. Hira Syed, CSCF - SCM Professional Stepan Zechovsky Leon Rustenburg Rohita Reddy Bewa Wosikepe Hamza Haq, CSCP, PMP®, MICS Muhammad Arsalan ur Rehman Noman Rashid Khan Tariq Quddusi Syed Farrukh Ali Asad Rao #SupplyChain #SupplyChainManagement #InventoryManagement #OperationsManagement

𝙂𝙤𝙤𝙙 𝙩𝙝𝙞𝙣𝙜𝙨 𝙩𝙖𝙠𝙚 𝙩𝙞𝙢𝙚. 🕓 Don't wait to get your critical spares on order. There are many factors used to determine lead times, but larger or more complex parts can take months to manufacture. Don't get caught in a situation where you're without a crucial part! Need help building a critical spare inventory? We can help! Call 877-316-6140.

MRP denotes the highest amount a retailer can legally charge the end consumer for any product or service. But, we do come across various instances of being overcharged over MRP, diving further into arguments leads to statements justifying the same as additional cost of refrigerators, in-accessible locations, etc. In reality, MRP does include all these miscellaneous costs.Next time if you want to raise your voice against these practices just follow the below steps.IF proven retailers can be fined upto Rs. 2000 plus the litigation cost .E-commerce giants also come under the purview of these regulation . #JagoGrahakJago

Hey everyone, just a heads up! Due to an increase in prices from our suppliers starting in April 2024, we'll be adjusting our prices accordingly. We strive to continue providing top-notch service despite these changes. Thanks for your understanding and continued support! #PriceAdjustment #SupplyChainChanges

🌟The Inventory Freshness Management Filter! 🌟 This Filter measures item shelf life in real-time, optimizing restocking and minimizing waste. Perfect for industries requiring meticulous inventory control. 📦🍅 https://hubs.ly/Q02tFtrB0

Have you read the latest edition of The Cold Front? In our first issue of 2024, we review the current warehouse capacity market including increased vacancy and dwindling demand. Stay up to date with these topics and more here👉: https://lnkd.in/e6mRcJ7Z