Obsolete inventory

The standard tear-producing agents currently in the US Army inventory for riot control are CS, CS1, CS2, CSX, and CR. The United States considers agent CN (popularly known as mace or tear gas) and its mixtures with various chemicals obsolete for military employment. This chapter includes these materials, however, for complete coverage of compounds with potential for use against US forces. This chapter also presents information regarding CN mixtures as an example of how agent properties can be tailored to the method of dissemination. 

FAO, Inventory of obsolete and unwanted and/or banned pesticide stocks in Africa and the Near East, 003/1999. 

Careful inventory management can help to minimize waste production from unused products. Obsolete stocks may cause process or application inefficiency resulting in loss of quality or need for disposal. Losses can also result from packaging damage, deterioration and from H oduct damage caused by temperature variations cn atmospheric... 

Inventories of obsolete printed packaging materials must be destroyed according to specified procedures. 

The implementation of CMMS and EAM will include an inventory system that totally supports the requirements of maintenance and the storeroom. Maintenance inventory wfll be managed to ensure that the right part is available at the right time without excessive inventory levels. Information from aU available sources will be used to determine optimum stock levels. A continuous review of stock levels will be made to eliminate excess inventory and obsolete parts. Inventory reductions will be achieved through more partnerships with suppliers and vendors that establish joint commitments to purchase based on responsive service and fast delivery. Positions within MRO material management and procurement wfll increase in their importance and level of technical knowledge to perform effectively... 

Reduced storeroom inventory A CMMS provides the means for more effective management and control of maintenance parts and material inventories. Information for decisions on inventory reduction is readily available to identify parts usage, excess inventory levels, tmd obsolete parts. 

Reclassification of products based on activity and inventory requirements, including the phase-in of new products and deletion of obsolete ones... 

Space is expensive. The larger the inventory, the more money the space will require. The larger the inventory, the greater the risk of having products go obsolete. Inventory ties up working capital that then ean not be used to effectively mn the business. 

How many suppliers does your comparer have For an example, an automobile compaity can have as maity as 50,000 suppliers. Think about the vastness of the task of managing all of these suppliers and getting the performance that your business requires. This is where a supply base reduction may be required to help get the supply base to a manageable level. There are maity benefits to an effective supplier management system. Some of these are better supplier performance on the critical characteristics for your operation, lower costs, lower inventories, less obsolete materials, quicker response to your customer needs, and good relationships with the suppliers. 

Material requirements changing and causing materials to become obsolete is another of the risks involved in inventory holding. This can make an entire stock of material worthless overnight. This causes companies to get into take or pay clauses in contracts so that inventory will not be lost by the supplier. I saw a case where a special material was being eliminated by a supplier. The material that was being eliminated was needed for... 

An annual (or continuous) chemical inventory will be performed and information sent to a central data collection point. Outdated and obsolete chemicals will be disposed of through a centrally managed chemical waste disposal program. 

While planning remains a core part of any business, the faster pace of change not only in demand, but also supply and product, multiplies the problems that planning cannot always prevent. The financial impact to a company unable to respond to change can be crippling. Poor response can affect both the top line (e.g., inabihty to win new business, loss of customers to competitors, etc.), and bottom line (e.g., negative impact on margins, write-offs of excess and obsolete inventories, etc.). 

Primary purpose Supply predictable demand efficiently at the lowest possible cost Respond quickly to unpredictable demand in order to minimize stock outs and obsolete inventory... 

Customer back-order in percentage or dollars Obsolete — inventory in SKUs that had been discontinued... 

Inert stock A term used by CGR Management Consultants to define slow moving categories of inventory. Components can include defective items, obsolete items, stranded odd quantity components with no demand, and lumpy demand items. The inert category can be a large portion of total inventory. Reducing it may require a concerted effort on several fronts. 

Inventory accuracy is a measure of checking how closely official inventory records match the physical inventory. Operations and material management people have an interest in the accuracy of each item, as shortage may result in major production breaks or emergaicy buying and an excess can result in obsolete inventory. Inaccuracy in invaitory can be because of many reasons such as improper data entry, incorrect unit used in calculation, poorly trained employees, stealing, or supplier errors. 

Inventory carrying cost is the cost a company incurs over a certain period of time, to hold and store its inventory. The best way to avoid or reduce these costs is to sell them as soon as they become obsolete. Inventory carrying cost is expressed in percentage on the average inventory throughout a full year. 

X X X Obsolescence cost/Scrap cost Cost of obsolete inventory, sometimes includes spoilage X 1-8 10-14 17- 21 23-26 28-36 48... 

Categorize 100 % of total inventory (active, usable, excess, obsolete) for appropriate action Classification of inventory with respect to different criteria 2-Modularization and vertical range of value creation o... 

Avoid manufacturing mnltiple styles of fixtures. Ensure that you have an inventory management process that does not run out of pins at midnight, but does not have half a mMon dollars tied up in obsolete pin inventory. Consider outsonrcing at least the more difficult fixtures to speciahsts. You may save time, plus gain a partner who provides exposure to alternative techniqnes and materials. 

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