Production planning of piston pins based on capacity, demand and raw material availability
Capacity Planning
Demand Planning
Raw Material Availability
Production Planning
Quality Assurance
Inventory Management
- Analyze historical demand patterns to identify average and peak demand levels.
- Consider lead times for raw materials and manufacturing processes to determine safety stock levels.
- Calculate reorder points based on lead times and desired service levels.
- Evaluate the suitability of JIT or EOQ based on production capabilities and customer demand variability.
- Implement JIT to reduce inventory holding costs and improve production efficiency.
- Apply EOQ to optimize order quantities and minimize ordering and carrying costs.
- Establish a regular monitoring schedule to track inventory levels.
- Compare actual inventory levels with planned levels to identify discrepancies.
- Analyze production and sales data to understand the reasons behind inventory variations.
- Conduct regular inventory audits to identify slow-moving or obsolete items.
- Determine the root causes of slow-moving or obsolete inventory.
- Implement strategies such as discounts, promotions, or product redesign to clear slow-moving or obsolete inventory.
- Communicate regularly with procurement and logistics teams to understand lead times and availability of raw materials.
- Coordinate with procurement team to ensure timely ordering and delivery of raw materials.
- Collaborate with logistics team to optimize transportation and reduce lead times for inventory replenishment.
Use in Manifestly