Bench Stock Inventory Management

Bench stocks are low cost high use consumable supply classes ii clothing and equipment iii p packaged petroleum oils and lubricants iv construction materials and ix repair parts.

Bench stock inventory management.

If your system lets any of those bad practices slide we know you want to fix them. In a previous post we took a look at inventory management pain points and bad practices. Management management of repair parts on bench stock is vital for medical devices demanded on an occurring and routine basis. Inventory takes up storage space requires security and protection against spoilage jacks up your insurance costs and ties up cash you could be spending elsewhere.

In addition the current ipv program was not designed to address problems with the supply. Proper management avoids high value inventories waste and monetary abuse minimization of losses resulting from obsolete parts on inventory. Benchmark your inventory management processes to see your success skyrocket. Benchmarking helps you assess the performance of a process by some means of measurement including by time value or quality.

A physical inventory of all bench stock part should be conducted every year. There are three main types of benchmarking.