How do you ensure inventory accuracy and prevent overstocking in a just-in-time manufacturing setting?
In a just-in-time (JIT) manufacturing setting, inventory accuracy is critical to prevent overproduction and waste, while ensuring that production can meet demand without delays. JIT, a principle at the heart of Lean Manufacturing, requires a precise balance of inventory to minimize holding costs and reduce overstocking. By keeping inventory levels low, you can save on storage space and reduce the risk of inventory obsolescence. However, this also means that any inaccuracies in inventory can lead to production halts and missed deadlines. So, how do you maintain this delicate balance? Let's explore strategies to ensure inventory accuracy and prevent overstocking in a JIT environment.