An important part of effective inventory management is monitoring and controlling residual inventory, or the parts left on the shelf after the last shipment is produced. It's important that every business orders the right quantity of parts at the right time to reduce the extra, hidden costs tied to residual inventory.
Do you spend days tallying parts during an annual inventory count? Are you shutting down your shop floor for days just to get decent counts? If so, there's an alternative inventory management method that will eliminate the need to shut down production and also deliver better results.
This alternative method is known as cycle counting, and whether you’re a global manufacturer or a privately held company, you may stand to benefit from it. In fact, at RBB we've experienced numerous benefits since we've started to cycle count inventory. Most Importantly, cycle count allows RBB to provide more reliable scheduling and delivery to our clients.
At RBB, we aren’t afraid to ring our own bell. But when we do, it isn’t all about us. We have a loud, antique bell in our sales office – and we ring it every time a new client joins the RBB family. Yes, the ringing of the bell is about internal celebration and recognition of the efforts of the entire RBB team, but it means so much more.
RBB’s whitepaper on how small batch electronics affects the OEM-CM relationship
Very often OEM’s struggle to effectively manage large portfolios of small batches of custom electronic assemblies. That’s why I tackled the topic in the Whitepaper, “Market Dynamics facing OEM’s with Large Portfolios of Ongoing Small Batches.”
I recently gave a short talk on leadership transitions—in particular, the handoff from one chief executive to the next—at the Small Giants Summit in Detroit. Since joining RBB in 2000, I’ve been on both sides of this coin. I offered a number of hard-won, personal lessons to this enlightened audience of business founders, owners, CEOs, and up-and-comers.
You have a choice in qualified suppliers you can entrust with your control panel and electronic assembly work. It’s important to look for a panel supplier that will work with you every step of the way and not just for you. Ideal partners will thoughtfully review designs and fix any issue that arises, have strict documentation management protocols, and assemble and test every wire and connection.