Vendor Stock Risk: How to Reduce?Eric Schmitz
Just-in-Time is a methodology belonging to a lean strategy
and should follow the basics of lean thinking
Respect for all, continuous improvement
and stable processes
are fundamentals of lean.
As a consequence J.I.T. also has to follow these fundamentals.
So, the risk of the safety stock for design change requests and other products updates at vendor’s side should be the responsibility of the customer. How to cover this risk?
* Delivery lead times based on actual process performance
* Possibility for rework
of ‘old’ type to ‘new’ type as condition for design changes and updates
* Safety stock of components and raw material
and not finished goods
* Close and deep partnership between vendor and customer in order to optimize
the material- and data-flow.
Who can give us other solutions?