{"id":13178,"date":"2019-12-19T11:00:53","date_gmt":"2019-12-19T10:00:53","guid":{"rendered":"https:\/\/www.tribofilm.ovh\/?p=13178"},"modified":"2019-12-19T11:00:53","modified_gmt":"2019-12-19T10:00:53","slug":"simplifying-inventory-management-with-a-cmms","status":"publish","type":"post","link":"https:\/\/www.tribofilm.fr\/en\/simplifying-inventory-management-with-a-cmms\/","title":{"rendered":"Simplifying Inventory Management with a CMMS"},"content":{"rendered":"

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Whether it\u2019s in the public or private sectors, Inventory Management<\/strong> is an extremely important matter for a company.<\/p>\n

Storing inventory has a cost. Whether it is spare parts, finished products, raw materials, or equipment, it is imperative to optimize Inventory Management.<\/p>\n

Acquired costs added to the cost of storage and the cost of depreciation means it is not worthwhile to stock excess onhand goods unnecessarily. It is enough to have the goods you need, when you need them, and to find the right balance through the help of forecasting and scheduling tools.<\/p>\n

Being out of stock can interrupt the company\u2019s productivity and lead to extras costs.
\nOn the contrary, when inventory is too full of overstock, the cost price is increased.<\/p>\n

Tracking inventory<\/strong> well is profitable for the company and also means better customer and\/or supplier satisfaction.<\/p>\n

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There are several techniques for optimizing inventory management :<\/h2>\n

The Replenishment Method<\/h3>\n

The order is made on a fixed date for a fixed quantity of products. This method, also called Scheduled Purchasing, allows you to plan your orders. However, it is most adapted to a constant and predictable consumption or use of products, without risking stock shortages or over-stocking.<\/p>\n

The Re-Order or Par Levels Method<\/h3>\n

The order is placed at variable dates but it is the inventory level set at the minimum needed on-hand, that triggers the order. This minimum level of stock, called the \u201cReorder point\u201d, is calculate in advance.<\/p>\n

This method is adapted to regular use or consumption of products but entails routine and rigorous monitoring.<\/p>\n

The Restock Method<\/h3>\n

The order is placed on a fixed date but the quantity is variable, depending on the level of the stock that is needed.<\/p>\n

Orders are planned over time and require significant buying power and storage capabilities. You also need to be able to anticipate your needs in advance.<\/p>\n

The Purchase-By-Requirement Method<\/h3>\n

The order is place for a variable quantity, at variable dates, on the basis of company demands and needs.<\/p>\n

Whichever optimization method is used, it must be adapted in order to rigorously ensure the needs of the company and stock availability.<\/p>\n

So that a Maintenance Service<\/strong> can function properly, it is essential to maintain stock levels of spare parts needed for maintenance and repairs. The risk of ending up with a machine at a standstill, and therefore of interrupting production, must be avoided at all costs.<\/p>\n

Inventory management for spare parts requires attention and precision. It is important to track inventory in a reliable way with, for example, the use of barcodes. In order to do that, it is necessary to have had an analytic approach of the different maintenance indicators beforehand:<\/p>\n