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What are the actions that the company needs to do in order to reduce the risks of the dead stock?

ما هي الاجراءات التي يجب تتخذها الشركة من أجل تخفيض مخاطر رصيد المستودع الغير متحرك؟

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Question added by Deleted user
Date Posted: 2013/07/22
Deleted user
by Deleted user

assure security, launch a command for the necessary stock used avoiding stock shortage, safety statement and risk assessment

Khurram Shahzad
by Khurram Shahzad , Fire Alarm Design Engineer (With Driving License) , GS Limited

regular customer followup and continuous promotion by different angles.

Ani Kuriakose
by Ani Kuriakose , Managing Partner – SCM , A. A. Associates

Improve demand planning and procurement by application of lean techniques to maintain optimum inventory levels.
Ensure FIFO in inventory dispatches by lot control, if possible.
Periodically evaluate inventory levels to identify and move slow moving inventory, by means of promotion if required.
Flag the slow moving inventory to prevent further stock buildup.
Establish a pull system for regular inventory reorder.

Muhammad Afzal
by Muhammad Afzal , Sales Director , Rice Land Foods Middle East LLC

Regular visits to the client and excellent eye on the stack specially in importing or purchasing goods according to your demand, you can get excellent results.
Keep on eye supply and demand.Regular meeting with the sales , purchase persons can give the innovative results.

Murtada Gasmelseed Abdalah Ahmed
by Murtada Gasmelseed Abdalah Ahmed , INVENTORY SUPERVISOR , BAJRAWIA FACTORY

Contact and send report to the warehouse section head and other department managers to to what to do?may be buy direct,try to send to supplier if there is any condition in his contract to send back,any committee should say the answers.

anwer abdalla mohammed aboubakr
by anwer abdalla mohammed aboubakr , أستاذ مساعد , كليات بريدة


1- نقل الأرصده إلى مستودعات ذات معدل دوران مرتفع
2- التخلص من الراكد عن طريق البيع المباشر

Azharuddin Mohammed Khaja
by Azharuddin Mohammed Khaja , FINANCE & ADMINISTRATION EXECUTIVE , AIN CORPORATION SECURITY SOLUTIONS INDIA PVT LTD

Make a plan, enlisting the measures to be taken for the going to be acquired stock to be stored and preserved in best possible manner. Also work out options for incase of dead stock.

Mollen Chareka
by Mollen Chareka , Supply & Logistics Specialist , UNITED NATIONS

Companies need to improve on procurement planning, improve on sales forecasting so that manufacturing and sales correlates, also quality assurance ensures that one's stock lasts longer and become a supplier of choice to customers due to quality products.
In addition effective stock management will ensure that no stock will become obsolete, take note of expiry dates, status of goods and constantly carry physical checks.

azzam sulaiman
by azzam sulaiman , logistic manager assistant & warehouse manager , almaseera textile company

make a quick plan for the rest of the year and push the planning team to increase there visits to the customers and always we should have annual plan for the hole year

try visiting clients and asking how they feel about the product so as to make improvements where necessary.try social coperate responsibility.advertise,sell on discount,do promotions on some occasions to remind them about your product.

Waqas Ali
by Waqas Ali , Inventory Control Officer , Ingredion Incorporated Gmbh

For Finished Goods / End Products: Proper production planning will keep the stocks at optimum level. Only those products should be produced which have much sales / forecast in the region where we operate. Optimum levels may be set and no production is allowed more than that level. Regular customer follow up and promotions also helpful to build dead stock. If the dead stock may be used in any other product so dead items may be re-packed or reprocessed. Maximum apply FIFO method.

For Spare parts: All items should be arranged as per Bill of Materials so that may be consumed at the time of scheduled maintenance. Periodic inventory level review also helps to eliminate dead stock. Maximum apply FIFO method.

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