If you were to take over as inventory control manager at Wheeled Coach, what additional policies and techniques would you initiate to ensure accurate inventory records?
Orders are negotiated to maximize quantity discounts while minimizing on-hand quantities. B Inventory control at wheeled coach inc are counted less frequently, perhaps every two months. But this competitive cost advantage cannot be taken lightly, according to President Bob Collins.
Firms like Wheeled Coach spend over half of their sales revenue on purchases. If you were to take over as inventory control manager at Wheeled Coach, what additional policies and techniques would you initiate to ensure accurate inventory records?
Accurate BOMs are critical to cost estimation and the resulting bid. But effective inventory management begins at the design stage. Additionally, because of the custom nature of each vehicle, most orders are won only after a bidding process. With 45 competitors and orders that are usually won only after a bidding process, Wheeled Coach has no alternative to effective inventory management.
And C items are verified once a quarter or even less frequently. Operating according to a strategy of mass customization and responsiveness, management knows that success is dependent on tight inventory control. Anything else results in an inability to deliver promptly, chaos on the assembly line, and a huge inventory investment.
Finally, C items have less control, but all items are stored under lock and key and only removed from a secure area if they are on a BOM.
Some items, such as aluminum, must be ordered as much as eight months in advance. Because of long lead times and scheduling needs at Reynolds, aluminum must actually be ordered as much as 8 months in advance.
ABC analysis helps firms develop policies and procedures for controlling inventory. Part of the control of inventory items at Wheeled Coach is cycle counting.
A items are the expensive items such as the chassis usually purchased from Fordaluminum from Reynolds Metaland plywood used for flooring and cabinetry from local suppliers. Efficient inventory control requires knowing what is needed. Only then does it know what to purchase and have available for the production process.
But, perhaps even more importantly, the ambulances cannot be built if the proper inventory is not on hand when needed. Cycle counting provides a much more effective auditing procedure than periodic annual counts of inventory.
Under cycle counting, A items are counted on a very short cycle, perhaps once a month to verify transaction accuracy. The Global Company Profile featuring Wheeled Coach which opens Chapter 14 provides further details about the ambulance inventory control and production process.
For these reasons, Collins was emphatic that Wheeled Coach maintain outstanding inventory control. Bills-of-material BOM provide this knowledge. These few items constitute the majority of the inventory values at Wheeled Coach.
Wheeled Coach uses both. No part can leave the locked stockrooms without appearing on a bill of materials. How would you go about implementing these suggestions?
Only by driving down purchase costs and maintaining tight control of inventory can Wheeled Coach control its total costs. They are tightly controlled, from purchase to use, with effective security. B items are less expensive and controlled less tightly.Inventory Control at Wheeled Coach Inc.
Words | 7 Pages. Profile: Wheeled Coach Wheeled Coach Industries, Incorporated is the largest manufacturer of ambulances and rescue vehicles. The subsidiary of Collins Industries, Inc. was founded inand is currently based in Winter Park, Florida. Wheeled Coach, led by their President Bob.
Transcript of Inventory Management at Wheeled Coach. Hi Mom! Cycle Counting -Requires tight security and control One reason that there is excess inventory at Wheeled Coach is because of the new level of accuracy required by the MRP system.
The other reason is that inventory reports generated by the IBM MAPICS MRP system. Wheeled Coach recognizes Joe Buis of the Wyckoff Volunteer Ambulance Corp for 50 years of service. Allied Specialty Vehicles, Inc.
Acquires Ambulance Manufacturer SJC Industries Wheeled Coach Chosen to Attend Ford. Inventory Control at Wheeled Coach Ambulance. playback trouble? Inventory Control at Wheeled Coach Ambulance.
playback trouble? Wheeled Coach Industries, Inc.
Product Guide. Type (company/product) Inventory Control.
Wheeled Coach designs medical attack, rescue and fire emergency vehicles for your department's. Inventory Control at Wheeled Coach.
Controlling inventory is one of Wheeled Coach’s toughest problems. Operating according to a strategy of mass customization and responsiveness, management knows that success is dependent on tight inventory control.Download