Monday, December 10, 2018

Materials Reserve Worksheet

Managing your Materials Reserve requires matching the materials you have with the time needed to restock those materials. You can work through each material using the worksheet below.

A materials reserve is best used for purchased items like raw materials. Work in Process (WIP) and finished goods (FG) should be managed using a bin system to keep a steady flow that coordinates with your batch sizes. The materials reserve allows for a larger and less frequent purchase, a bin system is better for items made in house that can be replenished more regularly. 

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