Production Inventory Solution

Overview
To minimize production downtime, companies carry high buffer inventory and store them at points of assembly not only locking working capital but also valuable factory floor space. Since the current barcode infrastructure provides limited visibility and is not suited for various manufacturing environments, companies are looking at ways to reduce the work-in-process inventory they carry on their manufacturing floor.

Solution
KeyTone's production inventory solution provides accurate item level WIP inventory information in real time enabling enterprises to reduce overall inventory, prevent process starvation and move work away from bottleneck resources. 

KeyTone's solution easily compliments the existing manufacturing execution system and factory information systems by significantly increasing the reliability, accuracy and robustness of real-time inventory information. The solution provides operational business intelligence by determining production velocity including inventory available to the process and to the next process in the route that help enterprises improve their costs, quality, flexibility and speed of execution. 

KeyTone's solution offers the enterprise to: 

• Reduce work-in-process inventory to achieve lean manufacturing and reduced costs 
• Accurately determine process bottlenecks resulting in increased yield and OEE - For example, an additional machine can be added in parallel to increase the throughput capacity. 
• Identify non-value adding activities that will decrease cost - Non-value adding activities may include rework, waiting, testing and inspecting, and support activities. 
• Optimize of the manufacturing process enabling the improvement of one or all process performance measures.

Reports

• Inventory by product 
• WIP Inventory Transaction history by process 
• Non Lot Inventory History by product 
• Shipping Inventory by product Non Lot 
• Scrap by product 
• Lot Report By station 
• Lot History by process