tgg pillar: Continuous Results

Which inventory should you stock? How much, of each type, should you store in raw materials, work in process, and finished goods? How often should you schedule production? What is your stocking strategy? 

These were the questions posed to a manufacturing company during a recent Runner, Repeater, Stranger Inventory Analysis engagement.

The objectives of this engagement:

• Have enough inventory to ship, consistently, to customers
• Improve transparency of data and accuracy of information
• Build more trust in the process and create a system they can all utilize and build
• Increase profitability
• More independence from factory orders

During the analysis tgg and the company:

• Reviewed 18 months of shipped demand
• Corrected misidentified ‘strangers’ and modified the dataset
• Computed RRS classifications and Kanban min/max classifications
• Initiated initial stock order

By the end of this four-week engagement the company had:

• Lean overview training
• Increased refresh rates for both inventory & spare parts from every 24 hours to every hour
• Reviewed info inventory codes
• Reviewed current ways to check inventory

Graphs and Report Outs

The below graphs represent the data from the analysis. This side-by-side comparison for each type (Runner, Repeater, Stranger) shows weekly shipped orders on the left with the coefficient of variation on the right. 

If you had difficulty answering any of the above questions, the Runner, Repeater, Stranger (RRS) Inventory Analysis might be just the tool for you. With this thorough statistical analysis, tgg can help your organization not only answer ‘how much inventory’, but also create a standard run strategy and schedule to maintain these levels. Move from 4+ weeks of lead time with 25% forecast accuracy to 1+ week lead with 75% accuracy. 

Click here to learn more about the RRS Analysis or contact us!

We’ve all been there. You’re walking the floor on the hunt for a specific tool or searching the hundreds of folders on your computer trying to remember where you saved that one file. You can spend half your workday just searching. That’s a lot of wasted time and non-value steps.

Enter…5S.

This simple, yet foundational Lean tool can help you radically eliminate the non-value steps in your manufacturing and transactional processes, resulting in a more productive team. It’s all about waste elimination through workplace organization.

Recently one of our consultants taught a two-day 5S event for a fire damage restoration company. See what the owner of the company had to say below.

“Pick-ups and deliveries are 45% of the billable work ERS performs for its customers and a critical part of the service we provide. Being able to find the right tool and materials needed for every job is an essential part of an efficient pick-up and delivery. We were not organized to do that and were wasting time on every job searching for tools and materials. The 5S event lead by The Guthrie Group resulted in a well-organized storage system that is self-sustaining and best of all it ensures an efficient pick-up and delivery on every job! I would highly recommend utilizing The Guthrie Group’s services to help your business improve its efficiency.” – Mike G.

Curious what each S in 5S stands for? Visit Manufacturing 5S or Transactional 5S to learn more.

If you’re interested in a 5S event at your company, contact us today!