Stores And Inventory Management

The need for efficient inventory management is becoming ever more critical to reduce capital being unnecessarily tied up in slow or unmoving stocks, and to ensure maximum utilisation of existing stocks.

SMEC provides comprehensive consulting and project management services for stores and inventory management for a wide variety of utility, service and manufacturing industries. These services include the development of inventory management policies, supply cataloguing, preparation of operation manuals for inventory management procedures and company quality assurance, and implementation of computerised inventory management systems.

Utilities and industries for which SMEC has provided stores and inventory management services include:

• electric power generation and distribution

• water storage and supply

• waste water treatment

• construction and materials processing

• mining

• ports and harbours

• hospitals

• petro-chemical.

SCOPE OF SERVICES

• Inventory management

• Inventory management support

• Applications

SMEC’s capability in stores and inventory management has been developed and refined through more than 25 years of continuous technical assistance, training and institutional strengthening services for government departments and private industry.

SMEC’s experienced and qualified personnel provide an extensive range of services for stores and inventory management, including:

Inventory management

• analysis of supply logistics

• supplier rationalisation

• identification of preferred suppliers

• supply cataloguing

• standardisation of inventory descriptions and numbering systems

• introduction of standardised catalogue coding systems such as Auslang

• establishment of critical inventory information

• cross referencing of inter-changeable items

• catalogue audit and needs analysis

• analysis of inventory utilisation

• identification of critical inventory

• optimisation of stock levels and reorder quantities

• risk analysis with respect to inventory shortages

• inventory policy development

• storage and distribution

• computerised inventory management systems.

Inventory management support

• analysis of training needs

• implementation of training

• store facility design and planning

• change management

• supply of storage systems and store furniture.

SMEC has world-wide experience in inventory management activities, gained through successful assignments in Australia, Africa, Asia, the Middle East and the Pacific.

Applications

SMEC’s stores and inventory management services are applicable to a broad spectrum of utility, service and manufacturing industries that include:

• electric power generation and distribution

• water storage, water supply and waste water treatment

• construction and civil engineering

• mining

• ports and harbours

• hospitals

• petro-chemical

• materials processing

• quarry management and aggregate production

• pre-cast concrete facilities, (pre-stressed beam production, block making, pipe and pole spinning)

• re-bar drawing, mesh welding, automated bending

• timber extraction and processing

• woodworking workshops and facilities.