And Resilience by Reducing Waste.
Obeikan Commercial Printing (OCP) was maintaining over a hundred documents for its top paper inventory items, which negatively impacted its cash flows and increased its warehousing costs.
Obeikan Commercial Printing (OCP) was maintaining over a hundred documents for its top paper inventory items, which negatively impacted its cash flows and increased its warehousing costs.
Under the guidelines of the OME program, a detailed assessment of OCP was carried out and the
following approach was recommended
- Restore basic conditions for a good inventory management system by defining families of products
and items, evaluation of stock balancing index, performance monitoring and standard definitions. - Record, resolve anomalies and develop a stabilization program
- Identify opportunities to reduce batches and safety stock by optimizing parameters, comparing, and managing parameters to the physical situation and start improvement projects to reduce constraints.
- 13% improvement in OEE
- 13% improvement in OEE
- Cost savings of 13%
- 88% reduction in CCRs
- Waste reduction of 1.7%
- Cost of claims reduced by 98%
