Bench Stock Inventory Management

In a previous post we took a look at inventory management pain points and bad practices.

Bench stock inventory management.

There are three main types of benchmarking. Benchmark your inventory management processes to see your success skyrocket. If your system lets any of those bad practices slide we know you want to fix them. Bench stocks are low cost high use consumable supply classes ii clothing and equipment iii p packaged petroleum oils and lubricants iv construction materials and ix repair parts.

Proper management avoids high value inventories waste and monetary abuse minimization of losses resulting from obsolete parts on inventory. Benchmarking helps you assess the performance of a process by some means of measurement including by time value or quality. Inventory management is about knowing how much inventory you have when to order more and at what price. In inventory management the process of moving raw materials from receiving to a warehouse storage location can be measured for the time it takes.

Management management of repair parts on bench stock is vital for medical devices demanded on an occurring and routine basis. Inventory takes up storage space requires security and protection against spoilage jacks up your insurance costs and ties up cash you could be spending elsewhere.