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Vol 29 - No 04 - June 2003 Branch News: How to Reduce Stock Levels As a new member of IOM and a student of the Institute's Certificate in Operations Management, I attended my first North West branch meeting on the 29th April where Dr Tony Wild was talking about ‘How to Reduce Stock Levels’. This I believe being the second meeting held at the Man & Scythe Meeting Room in Bolton, the presentation developed stock reduction in 3 stages First step - Make the Records Accurate Make the Data Believable - People are quite used to accepting poor information. Tony Wild pointed out that quality control on products is tight, but for many companies there has been no focus on improving information accuracy. The general principles of lean supply: Related Topics:
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