Improvement in the Inventory System and How to Reduce Waste

Abstract

Due to the recent pandemic, industries have confronted inventory problems because of all the backorders that exist with the suppliers. Consequently, industries have lacked the necessary materials to continue their processes. To overcome the problem, this research is to improve how inventory is managed by creating an evaluation system that keeps track of the current inventory and begins to order before it runs out, with optimal time so the new material arrives in time. This can be done by analyzing the inventory and how much of it is used for each process in the company. Key Terms - DMAIC, Inventory, Lean Six Sigma, Productivity, Quality.