Inventory Management: Avoid Lost Profits
Part 1: Inventory Management: Efficient Storerooms Save Money
Part 2: Strategies for Efficient MRO Parts Storerooms
Part 3: Three Hurdles to Efficient MRO Parts Storerooms
Strategies for Efficient MRO Parts Storerooms
By Frank Murphy - April 2011 - Material Handling
By focusing on several strategies, managers can ensure departments' MRO storerooms generate savings for the organization.
Focusing on organization:
- eliminates the need for costly expansion or the construction of a new storage facility
- maximizes the effective use of existing space through efficient design and set-up
- leads to the replacement of old, homemade, or barely functional storage fixtures with modern, efficient units that increase the density of parts storage
- results in sorting parts generically, by specific machine, or by process, expediting their location and retrieval
- allows for more prompt location of parts, resulting in less equipment downtime
- helps storeroom supervisors create accurate inventories, which eliminate overstock, out-of-stock, or is-it-stocked problems
- frees up storage fixtures and storage areas for other uses
- enhances part and tool security and reduces storeroom traffic.
By focusing on consolidation, storeroom supervisors can:
- combine similar parts and tools in one place
- minimize on-hand stock
- reduce overall inventory dollar value
- make the set-up of minimum and reorder quantities more accurate
- free up storage areas and storage fixtures for other uses
- eliminate technicians' private stashes of parts and satellite storage areas
- reuse existing storage fixtures if they are functional and in good repair.
Focusing on automation, such as bar-coding technology, enables storeroom supervisors to:
