If it were up to me, I'd probably do some research into what issues arise from having such poor inventory control. I could be wrong, but surely the company or their customers have seen some negative results from not having accurate inventory. It happens at home in the fridge/pantry, doesn't it?
Someone has to run out to get some milk, bread or similar, last minute..........
I would have found out from the management team what effects this situation has had, e.g premium costs to replace missing items etc.
Also, I would want to know what managements business objectives might be affected too. Do they really have customers who don't want the product quicker - i.e at a shorter lead time that it takes to get to replace the missing stock? If they don't have an objective of reducing lead time on their product, then this company is going to have a lot more to worry about than missing inventory.............:mg:
I might be missing the point, but what you grade this finding is relatively un-important, how management view this as a risk, it's impact on business performance to customers or business objectives and what they think should be done it is all that matters.
Andy
Someone has to run out to get some milk, bread or similar, last minute..........
I would have found out from the management team what effects this situation has had, e.g premium costs to replace missing items etc.
Also, I would want to know what managements business objectives might be affected too. Do they really have customers who don't want the product quicker - i.e at a shorter lead time that it takes to get to replace the missing stock? If they don't have an objective of reducing lead time on their product, then this company is going to have a lot more to worry about than missing inventory.............:mg:
I might be missing the point, but what you grade this finding is relatively un-important, how management view this as a risk, it's impact on business performance to customers or business objectives and what they think should be done it is all that matters.
Andy
