Businesses inspect every stage of the production process in the supply chains to reduce costs. With the successful implementation of waste minimization programs can help in improving a company’s products as well as reducing overall costs. These are the following ways that can help to reduce inventory waste in the supply chain:
• Product Design
In many companies, the designing of the products is carefully examined to identify where the use of raw materials can be reduced or costly materials be replaced. For¬
the designing of product packaging, companies consider cheaper and less wasteful materials.
• Manufacturing Processes
Each process that materials go through at each stage in the chain must be examined with an aim to reduce inventory waste. If at any stage, a process wastes materials, whether or not they can be recycled, it should be evaluated to reduce or even cut the waste.
• Use of Waste Material
Along with reducing the waste of raw materials in production processes, the reuse of waste material can be expanded. With the improvements in the technology of reclaiming waste material, companies that previously discarded waste products now have the facility to reuse that material. As recycling technology becomes more easily accessible, the costs surely will fall, helping more businesses with waste issues.
• Improving the Quality of Production Processes
Quality control measures are carried out in all production processes, but it is usually focused on the end product rather than on minimizing waste. By improving the overall quality of a company’s manufacturing process can reduce waste overall as it will increase the number of finished goods that pass quality check.
To know more about reducing your inventory waste and optimizing your entire supply chain, go to Tenaxx Logistics and give us a call to find out which solution is right for you.