Case Study

Ware­house and Inven­to­ry – Optimization

2022/01/06

Our client, one of the world’s lead­ing mid-tier gold min­ing company.

Key results

Elim­i­nat­ing Items in Inven­to­ry with no classification

60%

Improve­ment

Elim­i­nat­ing Items requir­ing with incor­rect classification

22%

Improve­ment

Redefin­ing Min­i­mum and Max­i­mum stock levels

233

Stock Items

The chal­lenge

Imple­ment­ing new pro­ce­dures and prac­tices for our Ware­house is a focus of IAMALLIN and a fun­da­men­tal ele­ment of improv­ing Equip­ment Avail­abil­i­ty. The ini­tial work com­plet­ed was aimed at bet­ter under­stand­ing what items we have in inven­to­ry, includ­ing the num­ber and loca­tion of those items in the Warehouse.

These actions are reduc­ing the fre­quen­cy of:
1) inven­to­ry that was thought to be “zero stock”
2) inven­to­ry that “can­not be found”

As well, the Ware­house Team is work­ing togeth­er with the Main­te­nance Depart­ment and has re-established the min­i­mum and max­i­mum stock­ing lev­els for 233 items. This requires under­stand­ing which ven­dors can sup­ply these items, how quick­ly we con­sume these items and the time required to replen­ish them. This work now includes input from Rosebel’s Sup­ply Chain Team in Paramaribo.

Order and shine, first two ele­ments from the 5’S ini­tia­tive, have been a col­lec­tive effort across the ware­house to set the mind­set, behav­ior, and dis­ci­pline of orga­ni­za­tion and struc­ture of a world class warehouse.

 
* We take client con­fi­den­tial­i­ty seri­ous­ly. While we have kept the brand anony­mous, the results are real.
 

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