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Your inventory levels are fluctuating unexpectedly. How do you keep your team aligned?

Unexpected inventory changes can throw a wrench in your processes, but maintaining team alignment is crucial for smooth operations. Here are some strategies to keep everyone on the same page:

  • Implement real-time tracking: Use technology to monitor inventory levels and share updates instantly with your team.

  • Conduct regular meetings: Frequent check-ins ensure everyone is aware of changes and can adjust accordingly.

  • Standardize procedures: Clear, consistent processes help your team respond quickly and effectively to fluctuations.

What methods have you found effective for managing inventory changes in your business?

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Your inventory levels are fluctuating unexpectedly. How do you keep your team aligned?

Unexpected inventory changes can throw a wrench in your processes, but maintaining team alignment is crucial for smooth operations. Here are some strategies to keep everyone on the same page:

  • Implement real-time tracking: Use technology to monitor inventory levels and share updates instantly with your team.

  • Conduct regular meetings: Frequent check-ins ensure everyone is aware of changes and can adjust accordingly.

  • Standardize procedures: Clear, consistent processes help your team respond quickly and effectively to fluctuations.

What methods have you found effective for managing inventory changes in your business?

Add your perspective
Help others by sharing more (125 characters min.)
24 answers
  • Contributor profile photo
    Contributor profile photo
    Juan Valdez, CLSSBB

    Senior Executive in Manufacturing & Product Development | Lean Six Sigma Black Belt | Innovator Driving Operational Excellence | Industry 4.0 Leader | Strategic Business Development Expert

    • Report contribution

    1️⃣ Analyze Root Causes: Conduct regular reviews of demand forecasts and historical data to identify inconsistencies causing fluctuations. 2️⃣ Standardize Communication: Use clear, consistent channels for inventory updates, such as shared dashboards or regular team briefings. 3️⃣ Implement Inventory Controls: Set minimum and maximum stock levels, and utilize automated reorder systems to prevent overstocking or stockouts. 4️⃣ Cross-Functional Collaboration: Foster alignment between sales, operations, and procurement to synchronize inventory decisions with demand. 5️⃣ Monitor KPIs: Track inventory turnover, carrying costs, and order accuracy to ensure all team efforts align with business goals.

    Like
    24
  • Contributor profile photo
    Contributor profile photo
    Moisés de Souza Ramos

    Lean Consultant I Black Belt I TPM Coordinator

    • Report contribution

    Tudo depende do segmento de mercado que a empresa atua. Cada uma delas com seus desafios. O importante é entender cada variável do processo e encontrar meios de estabilizá-la. O planejamento integrado, desde vendas até a manufatura é crucial e é onde a maioria das empresas se perdem!

    Translated
    Like
    7
  • Contributor profile photo
    Contributor profile photo
    Ricardo Smith MBA / LSSBB

    𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 | 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 • 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 • 𝐏𝐫𝐨𝐜𝐞𝐬𝐬 𝐈𝐦𝐩𝐫𝐨𝐯𝐞𝐦𝐞𝐧𝐭

    • Report contribution

    -Analyze inventory levels for high runners and products with longer lead times for the past 6 months to a year. - Determine when the shift if demand occurred, but also new inventory min and max levels. -Train the team to build to a supermarket since new min and max levels are established. - Create a visual Kanban method that will alert the team to react when levels are approaching min levels. This could be managed with a good ERP system as well

    Like
    6
  • Contributor profile photo
    Contributor profile photo
    Arghya Mallick(He/ Him) ⚡

    Helping CEOs, CMOs, Directors, and Founders Solve Complex Business Challenges | Six Sigma Black Belt | Power BI | PMI-ACP | PMI- RMP | CCBA-IIBA | PMP l AI & ML | AWS |129 Cross-Industry Consultant | Growth Strategist.

    • Report contribution

    Here’s a personal experience to illustrate the value I’ve added in a similar situation: During a consulting engagement with a mid-sized retailer, their inventory levels fluctuated due to seasonal demand, causing chaos in order fulfillment. I introduced a cloud-based real-time tracking system and trained the team to use it effectively. Regular morning huddles were implemented to review inventory insights, ensuring immediate action on discrepancies. Additionally, I developed standardized SOPs for managing unexpected changes. These measures reduced stockouts by 30% and improved order accuracy by 20%. Seeing the team adapt and thrive was deeply fulfilling, proving the impact of alignment and streamlined processes.

    Like
    4
  • Contributor profile photo
    Contributor profile photo
    Utkarsha Mehta

    Global Supply & Program Manager | Strategic Sourcing & Negotiation | Channel & Material Planning | Supplier & Stakeholder Management | Data Analytics | Cross-Functional Leader

    • Report contribution

    I’d initiate daily sync meetings to review inventory data and adjust plans accordingly. Enhanced forecasting using historical and real-time data would reduce uncertainty. Cross-functional collaboration with sales, procurement, and logistics teams would ensure aligned responses. Transparent communication about changes and their impact would keep everyone focused on shared goals. A flexible approach ensures quick adjustments to maintain service levels.

    Like
    2
  • Contributor profile photo
    Contributor profile photo
    Garrie Cain

    Manufacturing/Automation Specialist at Intel Corporation

    • Report contribution

    I would try to find out the root cause of the fluctuation. Develop strategies using technology to focus on trends and outcomes. Have an all hands on deck approach to mitigate the potential impact to existing and future customers. I would look at the market holistically and look for any clues or changes globally which may have an impact on our fluctuating inventory.

    Like
    2
  • Contributor profile photo
    Contributor profile photo
    Subodh Korde

    Passion to Develop People

    • Report contribution

    Inventory is the result of production planning and control processes spread across complete value chain. From customer point of consumption to supplier end. If we follow "fill the empty" concept correctly inventory will fluctuate in min max levels. One of the important factor is one must design super markets and min max levels across value chain, Normally in process design near zero work in process by following single price flow or small batches. Lastly measure process planning inventory will fall in place.

    Like
    2
  • Contributor profile photo
    Contributor profile photo
    Mantosh Narayan Gupta

    Corporate Trainer| Consultant | Project management- PMP®|Lean Guide | Quality | CLSSBB| Operational Excellence | Power BI| Advanced Excel | LinkedIn Top Quality and lean Voice | Mahindra Institute of Quality(MIQ) |

    • Report contribution

    Identify Root Cause: Analyze data to understand reasons behind fluctuations (e.g., demand spikes, supply chain disruptions). Communicate findings clearly to the team. Revised Forecasts: Collaborate with your team to revise inventory forecasts based on updated information. Ensure everyone understands the revised plan and potential impact. Transparency and Communication: Hold regular meetings to discuss inventory levels and challenges. Share insights and encourage open communication from the team. Inventory Management Strategies: Discuss and implement adjusted inventory management strategies (e.g., safety stock adjustments, just-in-time ordering,kanban,EOQ). Encourage a collaborative approach to address the fluctuations

    Like
    1
  • Contributor profile photo
    Contributor profile photo
    Beau Groover

    Founder at tes.run. I help leaders GSD and win! Let’s Get Sh!t Done!

    • Report contribution

    When inventory levels fluctuate unexpectedly, clarity is key. Start by ensuring everyone understands the situation and the plan to stabilize it. Use daily huddles to keep the team aligned on priorities, track progress, and address roadblocks quickly. Lean into teamwork—engage your team in finding solutions and empower them to act decisively, so you're not just reacting but proactively managing the challenge.

    Like
    1
  • Contributor profile photo
    Contributor profile photo
    Tarun Kumar Mistry

    COO, Esquire Knit Composite PLC & L'Esquire Limited | RMG & Manufacturing Leader | Author of The CEO Leap | Lean & Operational Excellence | Driving Innovation, Efficiency & Growth

    • Report contribution

    Aligning Your Team Amid Inventory Fluctuations: Unexpected inventory fluctuations require clear communication and teamwork. From my experience, start by sharing real-time data with your team to identify causes and adjust strategies. Create a cross-functional task force to address supply and demand inconsistencies. Maintain open communication with suppliers to manage expectations and ensure timely deliveries. Empower your team with flexible action plans and regular updates, fostering a sense of control. Celebrate quick wins to maintain morale and highlight progress. A transparent, collaborative approach ensures alignment and resilience during inventory challenges.

    Like
    1
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