I would train the team to implement lean inventory management practices, focusing on real-time tracking, accurate forecasting, and just-in-time replenishment. Regular cross-functional reviews would ensure alignment between production and inventory teams, minimizing stockouts and delays. Additionally, I’d foster a culture of accountability and continuous improvement through data-driven decision-making and targeted skill development.

My Top 5 Tips: #1: Train on Inventory Management Systems Ensure your team uses advanced inventory software like TADA and ShipBob for real-time tracking and automated reorders. #2: Implement Predictive Analytics Use AI-driven analytics to forecast demand, minimizing stockouts and ensuring smooth production. #3: Cross-Train Employees Encourage flexibility by cross-training staff to adapt to various roles, reducing delays from shortages. #4: Diversify Suppliers Establish relationships with multiple suppliers to avoid dependency and ensure a reliable inventory flow. #5: Automate Procurement Processes Adopt automation tools for purchasing to reduce errors and speed up order fulfillment, keeping production on schedule.

Effective inventory management in manufacturing includes JIT, ABC analysis, supplier relationship management, demand forecasting, safety stock, KPIs, and lean principles. Use technology like IoT and data analytics for real-time insights. Foster cross-functional collaboration and continuous improvement to optimize inventory levels, reduce costs, and prevent production delays.

I believe that beside all the trainings and softwares that other experts mentioned we should give a huge attention to MPS to adhere to customer demand and production real capacity and try as much as we can to be flexible to market flactuations

Give your team an understanding of the urgency. Give them responsibility and involve them in the consequences of a missed deadline.