6. Background Personal Profile VisuddhaPiyathilake 25 years age, Sri Lankan Mechanical Engineer more info on: http://www.linkedin.com/in/visuddha MLS-SCM℗ & SAGT Having completed all 16 modules and currently reading for the project Strengthening the career as a SCM professional with the learning experience of MLS-SCM℗ Job Profile Technical Inventory Manager “Primary responsibility in providing an essential service to the engineering services by managing the engineering store” South Asia Gateway Terminals (Pvt.) Ltd, Port of Colombo, Sri Lanka more info about “SAGT”on: http://www.sagt.com.lk “Sri Lankan smile; a warm welcome”
7. The success story “Reducing the Stock Holding Cost (SHC) of the Engineering Stores at SAGT by 16% - 19% range in 4-6 months time span with the learning benefit of the MLS-SCM℗programme” Application of MLS-SCM℗ knowledge Inventory optimization Application of Paretto principle Reducing the average inventory cost Developing an extended version of the ABC analysis Integrating the Supply Positioning Model Developing KPIs Strategizing and prioritizing day to day activities Conducting effective presentations “Sri Lankan cricket; one of the best cricketing nations”
8. Results and impact Key results Reaching the target set by the Top Management to reduce the SHC to 80% - 84% in 4 months with in the targeted time frame Inventory policy review of major items (Class A, B, C items of key equipment categories) Immediate usage of accumulated items brought for projects and anticipated repairs and increasing of engineering service levels Emphasizing the system support needed and need for a system upgrade to streamline EAM activities further Impact Reflecting the reduction of SHC in financial reports Streamlined inventory operations and higher service level due to inventory policy review “Sri Lankan tea; 2nd best choice in the world”
9. Challenges Challenges faced Recession and it’s consequences Lack of IT system support Lack of inputs from user engineers Communication barriers Overcoming challenges Using the knowledge and confidence gained though the MLS-SCM℗ programme Support given from the own staff and superior’s guidance Effective communication Workarounds in the absence of proper IT backbone Effective project planning and implementation “Sri Lankan history; a proud nation”