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Stock management

For many businesses the capital tied up in holding spares for Maintenance, Repair and Operations (MRO) purposes can be many thousands of pounds. This is often based on recommendations from machine suppliers and is not always the most effective and efficient means of protecting your operations from lost production due to breakdown. It is also common that this stock is used inefficiently with some products being old, obsolete or out of warranty, some products being duplicated, and at the other extreme bins allocated for critical items being empty. Reducing the investment in MRO stock will free up capital. However, the time and effort required to achieve this is a barrier to many companies.

Thorite has a team who identify cost saving opportunities within stores. We do this from the information we gather having first conducted a stores survey. Immediate cost saving opportunities can often arise by improving stock management through such processes as stock rationalisation, standardisation, consignment stock or stock back.

“Following a site survey Thorite recommended a rationalisation program to reduce our inventory and improve efficiency thereby reducing our costs.”
Andy Taylor, Small Pack Engineering Manager, Carlsberg

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