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INVENTORY MANAGEMENT

 

Inventory management is the crucial role played by DTS Logistics. The material stored is stored for fairy long time and so Inventory management becomes the important function of DTS. Cycle counting is done at regular interval to avoid over or under storage of material. One of the other technique used is End of period counting, in which the inventory is checked after a specific time interval and if the inventory found below minimum stock level, the consignor is informed about the situation. LIFO FIFO method is also undertaken as per demand of the customer. In any case the minimum inventory level is maintained for avoiding delay to the customer. The firm also give facilities like:

JIT

Line feeding & replenishment

Rejection handling

Shortage excess claims

The Inventory management system of DTS Logistics also includes:

Maintenance of Buffer stock level.

Lead Time [ Preparation of plans for deliveries of material to consignees as per their schedule requirements ]

Replenishment of stocks [ If it is found the stock has gone or going below the buffer stock level – the concerned parties need to be awakened about the position and plan replenishing it ]

 
 

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