Manage Finished Goods Inventory

In order to efficiently and effectively manage finished goods inventory Lexon associates believe you must follow two fundamental principles:

1. All finished parts labeled at production line-side with electronic verification.
2. Electronically manage 'serialized' finished goods inventory from the time of production to time of shipment.
    

These processes are designed to provide value to the automotive supplier through:

1. Elimination of product labeling errors.
2. Effective management of small-lot orders.
3. 100% finished goods inventory accuracy while eliminating frequent physical counts.
4. Accurate visibility of their ability to satisfy customer demand at the time demand is received as opposed to at the time of shipping, resulting in.
   • Enhanced accuracy of production scheduling methods.
   • Minimum disruptions to planned production schedules.
   • Better utilization of production and warehouse capacity.
5. Real-time shop-floor reporting of produced and scrapped parts by operator, work center, machine and shift.
6. Ease and cost effective deployment of C.Core^TM process to multiple facilities including outsourced vendors.
7. Reduction in manual process to integrate with other mission critical applications.
    

Below is a list of some of the key features of C.Core^TM related to this function:

• Line Side Labeling
  
  • Supports discrete or repetitive manufacturing.
  • Batch or line-side label printing.
  • Reporting of good production.
  • Reporting of production scrap.
• Manage Finished Goods Inventory
  
  • Serialized Inventory
    
    • Bulk pack
    • Standard pack
    • Final pack
  • Inventory Transfers
    
    • Standard moves within a facility.
    • Reconciled moves between facilities.
    • Audit reporting on all inventory transfers.
  • Inventory Status Tracking
    
    • Track conforming vs. non-conforming product.
    • Prevents scrapped or non-conforming product from being shipped.
    • Reason code reporting on status changes.
    • Audit reporting on all status changes.
  • Inventory Re-Packs
    
    • Create standard packs from bulk packs.
    • Fill small lot orders
  • Inventory Consolidation
  • Inventory Re-Labeling
  • Reconciliation
    
    • MIA process.
    • Physical inventory/cycle counting.