Understanding How to Handle the Manufacturing Inventory.

How to handle the manufacturing inventory

 

In this article, you will learn how to handle the manufacturing inventory according to Lean Six Sigma, Process Excellence, and Lean Manufacturing.

Inventory means the number of products that a company has available for sale.

Also, this definition includes the number of raw materials that a company has available to make their products.

Therefore, Inventory includes all available items, goods, merchandise, and materials held by a business on-hand for selling in the market to earn a profit.

Sometimes it is represented in terms of money since involves a huge amount of business assets on-hands in a warehouse or storage.

Some people see their warehouse as their “bank” in which they have their money locked until the products are sold.

Inventory levels impact the business economy because the turnover of the products represents one of the primary sources of revenue generation and subsequent earnings for the company’s shareholders.

For more information about what is inventory and the 8 types of production inventory, press here.

 brought to you by CIQA logo

CIQA is a quality and regulatory consultant with 25 years of experience developing products and managing projects in the medical device supply chain, and pharmaceutical industries. Rest assured of the safety or being in the right hands.

Our Lean Manufacturing team could provide you a broad range of professional expertise implementing these techniques and tools.

SUBSCRIBE AND FOLLOW US TO LEARN MORE.

For more details about how to handle the manufacturing inventory, follow us.

Quality procedures templates

Three (3) Options to Create Document Control Management DCM Procedures:

Bronze Option. You Can Create Your Own Quality Procedures, using a Template.

You can download samples of the Document Control Management DCM procedure templates in .pdf format. 

To see the complete list of the most popular quality procedures templates, click here.

In addition, you can request a quotation to buy online a full SOP template document in MS Word format that is completely editable, ready to fill, and adapt to your specific needs.

Silver Option. We Can Bring You Formal Training about how to handle the manufacturing inventory.

This option is recommended if you want to learn more about how to build robust quality system procedures. One of our expert(s) can provide online step-by-step training to your team (unlimited assistance) on how to build reliable SOPs using our template(s). Also, you can improve your corporate quality procedures and policies by incorporating our template(s) and tools.  It includes a fully editable template from the Bronze option, plus training, exams, and a training certificate for each assistant.  Request a quote now.

Gold Option. We Can Create Customized Quality Procedures.

One of our expert(s) will create and prepare your customized SOPs with the inputs and specific information of your company. It includes a fully editable template from the Bronze option, plus online support in document creation, implementation, and training. Request a quote online.

Get in compliance today, CONTACT US (Hablamos Español)

REFERENCES: How to handle the manufacturing inventory.

https://en.wikipedia.org/wiki/Lean_Six_Sigma

https://www.greycampus.com/blog/quality-management/a-brief-introduction-to-lean-and-six-sigma-and-lean-six-sigma

https://www.investopedia.com/terms/i/inventory.asp

https://www.zoho.com/inventory/guides/inventory-definition-meaning-types.html

Ramon Cayuela, MS, BS, Chemical Engineering

Ramon Cayuela, MS, BS, Chemical Engineering

CIQA President and CEO.
I've been working in validation engineering since 1992 with many multinational pharmaceutical companies. I love sharing my passion and knowledge with others. If you have any questions about anything (or just have general questions). I will be more than happy to assist you. You can count on the BEST customer service on CIQA. I go to great lengths to make sure my clients are 100% satisfied with their purchases and check emails/messages consistently throughout the day. You can rest assured that everything being sold here is as-described or your money back. I look forward to working with you!

Related Articles

Subscribe to get validation
news and free tips by email.

Need Additional Help?

Request for Quotation