Developing a strategy

Challenge

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Determine the right inventory level:

With hundreds of medications in the market, Pharm Ltd. needed a proper method to predict and manage their inventory. Using a mean absolute percentage analysis, the teams appropriate levels for raw materials and finished products

Solution

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Results

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Reduced lead time by 43%

Decreased variability by 50%

Lowered the risk of back-order by 95%

Increased stock for finished goods by 10%

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