
Anyone working in industry or anywhere where there is product flow has probably heard of "just-in-time" inventory control. The theory is simple - If you are carrying a large stock 'just in case', then you are paying for that stock ahead of the optimum time, and also incurring interest charges on your overall operation. Multiply this by considering the 'satellite stock' held by individuals to ensure their own departmental supply, and the situation is magnified. Kanban is a Japanese term used for control of inventory by means of cards. But if we add technology, we get
electronic kanban that all involved parties can create impact upon to better enable product availability and flow. There is a free trial available of Ultriva software, so that the inventory decreases can be experienced.