To define Min/Max norms for all SKUs based on their consumption and procurement lead time.
Unique item codification & racking for every spare, consumable.
To monitor the effective implementation of FIFO system for shelf-life items and ensure their usage before expiry.
Disposal of obsolete items and plan inventory reduction by sharing non-moving items through interplant transfers or return˙back to supplier.
Review of Min/Max norms once in 6 months with˙production / maintenance˙heads˙for optimum inventory levels &˙˙review of item master for eliminating duplicate˙codes / generation of new items.
To reconcile system stock Vs physical stock once in every quarter .
Negotiate better prices with scrap buyers.
Explore new customer base for different categories of scrap˙material.
To conduct scrap Auctions (online & Physical both).
