Component Sense launch the ultimate inventory management tool
- Angharad Storrie
- 07/12/2016
- Bill of Materials (BOM)
- Lean Manufacturing
- Six Sigma
- E&O
- Obsolete
- Excess
- InPlant
- MRP
- Material Resource Planning

We are challenging you to think about your excess stock in a new way. We are not talking about your traditional E&O products that you have no further use of, but your MRP excess. Stock that is excess because you no longer need it usually accounts for around 1% of revenue. MRP excess, stock that you will use eventually but do not need right now tends to range from 3 - 10% of revenue. In a perfect world of "just in Time" of course there is no such thing, however, in the real world this is waste that can now...