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inventory reduction with imafs

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imafs.com All rights reserved Iron Ore Company OBJECTIVE Reduce the inventories quickly without decreasing the service level and ensure better control of items RESULTS Inventory reduction of 7% within the first 3 months, without any diminution of service level Maintained availability rate of critical items SOLUTION Use IMAFS to classify items according to their criticality and their demand and calculate optimized inventory parameters (Min Max) according to this classification and service objectives 1

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Page 1: Inventory reduction with IMAFS

1imafs.com All rights reserved

Iron Ore Company

OBJECTIVEReduce the inventories quickly without decreasing the service level and ensure better control of items

RESULTSInventory reduction of 7% within the first 3 months, without any diminution of service levelMaintained availability rate of critical items

SOLUTIONUse IMAFS to classify items according to their criticality and their demand and calculate optimized inventory parameters (Min Max) according to this classification and service objectives

Page 2: Inventory reduction with IMAFS

imafs.com All rights reserved 2

Evolution of inventories during the first 6 months of used IMAFS

Iron Ore Company


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