To address excess stock in manufacturing operations, I would first conduct a thorough inventory review to identify slow-moving and obsolete items. Implementing a just-in-time (JIT) inventory system can help align production with actual demand, reducing excess. I’d analyze historical sales data and market trends to improve forecasting accuracy, allowing for better alignment of production schedules. Additionally, promoting the sale of excess stock through discounts or bundled offers can help clear out inventory. Regular communication with sales and marketing teams can also ensure we’re all aligned on demand and inventory management strategies

This issue often stems from inaccurate demand forecasting, poor inventory management, or inefficient production planning. To tackle excess stock, start by refining your forecasting methods and improving communication between sales, procurement, and production teams. Implement lean manufacturing practices like Just-in-Time (JIT) to produce only what’s needed, reducing overproduction. Regularly review inventory levels, and consider offering discounts or promotions to clear slow-moving stock. Effective inventory control can boost cash flow, reduce waste, and enhance overall operational efficiency. Use of ERP inventory module can give you the extra benefit.

Majority companies have excess of materials inventory and planning department must work in parallel with buyers to alignment with real demand and not have materials excess in warehouses.

To implement Just in time , following points need to be considered. 1 . Throughput time computing and plan to reduce. 2. Study the value stream from raw material to sub assembly stage and assembly. 3. Where to implement KanBAN , 2 bin system and or strategic stock. Single piece or small. Implement the same . Additionally work with customers and SCM to agree inventory levels. Also lead times

Excess stock in manufacturing operations ties up valuable resources and space, leading to inefficiencies. To tackle this, implementing just-in-time (JIT) inventory management is key. Start by reviewing demand forecasts, ensuring accurate production planning that aligns with customer needs. Next, streamline supplier relationships to enhance material flow, reducing the need for buffer stock. Utilize lean techniques like Kanban to signal real-time inventory requirements. By focusing on demand-driven production and minimizing overproduction, you can optimize inventory levels, free up capital, and maintain operational efficiency.