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Inventory Reduction in the Supply Chain of Finished Products for Multinational Companies

Affiliations

  • Universidad de la Costa, Colombia, Barranquilla, Colombia
  • Escuela de Negocios de la Fundación Universitaria Konrad Lorenz, Bogota, Colombia

Abstract


Objectives: This article aims to propose strategies to reduce inventories in the chain supplies multinational companies finished product. Methods/Statistical analysis: For this a methodology in which one of the largest companies flush commoditization of the world with presence in Europe, Middle East and Africa was studied it was established. Through analysis of reports, and business interviews diagnosed and identifies high inventory levels and inventory policies inadequate as key factors that improve the Supply Chain (SC) of the study sample. Findings: Also they formulated and implemented processes of redistribution and unproductive inventory forecast to combat deteriorations, as well as designing processes to be executed to deepen them. Application/Improvements: The end result is achieved reduce inventory in more than a means of Currency Units (CU) million and, in addition to identifying future risks that might jeopardize service levels of the company.

Keywords

Inventory Management, Non - Productive Inventory, Supply Chain Finished Product.

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