Inventory optimization – ONCOMED
A pharmaceutical company needed help with optimization of inventory of feed materials and reducing the risk of production interruptions.
50 %
represents by how much we reduced the risk that poor quality will cause production interruption.
Thanks to Value Stream Mapping, we identified the existing problems and inefficiencies. We proposed action plans to improve inventory management, set up material stock control levels and create material purchase management tools. This resulted in decrease in average inventories by 60,000 items, reduced risk of production interruption and increase in storage capacity by 14%.
