Inventory reduction with IMAFS

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IMAFS

Inventory reduction of 7% at IOC within the first 3 months, without any diminution of service level

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imafs.com All rights reserved
Iron Ore Company
OBJECTIVE
Reduce the inventories quickly without
decreasing the service level and ensure better
control of items
RESULTS
Inventory reduction of 7% within the first 3
months, without any diminution of service
level
Maintained availability rate of critical items
SOLUTION
Use IMAFS to classify items according to their
criticality and their demand and calculate
optimized inventory parameters (Min Max)
according to this classification and service
objectives
1

Evolution of inventories during the first 6 months of used IMAFS
2
Iron Ore Company
imafs.com All rights reserved

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Inventory reduction with IMAFS

1. imafs.com All rights reserved Iron Ore Company OBJECTIVE Reduce the inventories quickly without decreasing the service level and ensure better control of items RESULTS Inventory reduction of 7% within the first 3 months, without any diminution of service level Maintained availability rate of critical items SOLUTION Use IMAFS to classify items according to their criticality and their demand and calculate optimized inventory parameters (Min Max) according to this classification and service objectives 1