[Technical Column] Inventory Management - Periodic Order Quantity Method
Shall we break away from inventory management based on 'intuition and experience'? - A method to prevent excess inventory and stockouts derived from mathematical models.
It is said that 'inventory is a mirror reflecting the company's profits.' However, what is the reality on the ground? 'Fearing stockouts, I ordered more than necessary, and now the warehouse is filled with stagnant inventory...' 'Every time we do inventory, the books don't match the actual stock, and we are constantly chasing down the causes...' If you are facing such issues, please feel free to download the materials. I hope this column serves as the first step from 'inventory management based on intuition and experience' to 'inventory management based on technology.'
basic information
For customers like this: - Those who are struggling with inventory management - Those who want to move away from inventory management based on intuition and experience Please start by downloading the materials or feel free to contact us.
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Model number/Brand name
Maintenance management system "FLiPS," electronic form "i-Reporter," maintenance strategy formulation "Availability Workbench."
Applications/Examples of results
First, please feel free to download the materials or contact us.
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Our company develops and sells a "Maintenance Management System" for managing and operating various plants, factories, and other facilities and assets. Currently, this system is undergoing significant evolution into one that incorporates IoT technologies, such as sensor information and input from tablet devices, as well as AI technologies like machine learning, featuring functions for failure prediction and automatic scheduling. Additionally, as part of the recent trend towards digital transformation (DX), there is a growing movement to digitize and automate manufacturing processes and research and development sites in factories to enhance operational efficiency. In line with this trend, our company provides a solution aimed at improving efficiency in research and development environments, known as the Laboratory Information Management System (LIMS), which includes features such as workflow management, data tracking, data management, data analysis, and integration of electronic lab notebooks.