Effective inventory management not only brings a smooth manufacturer but also maintains minimal operation costs for businesses.
Vinamilk proudly is National Brand bongdaso ìno the "Top 10 Most Valuable Dairy Brands bongdaso ìno the World" and "Top 36 Largest Dairy Companies bongdaso ìno the World by Revenue". Vinamilk spreads its footstep bongdaso ìno nearly 60 countries/territories and is the only representative of Southeast Asia bongdaso ìno the Top 50 largest dairy companies bongdaso ìno the world.
Vinamilk was established by merging three dairy factories (Thong Nhat & Truong Tho & Dielac Dairy Factory) on August 20th, 1976. bongdaso ìno 2021, marking 45 years of operations, Vinamilk not only becomes the leading nutrition company bongdaso ìno Vietnam but also presents a famous National Brand on the global dairy industry map.
Vinamilk orients itself as a pioneer bongdaso ìno global advanced nutritional trends to contribute to Vietnamese generations' physical and intellectual development. The Group has developed over 250 product types to serve consumers till now.
Vinamilk believes an effective management process is a solid development base, bringing financial stability, investor confidence, and efficiency to business operations.
Every business should continuously optimize its inventory and maintain a healthy supply chain. There are several inventory management models which are popular because of their easy application and renovation, such as:
- Economic order quantity (EOQ) model
- Work bongdaso ìno progress (WIP) model
- Perpetual inventory model
- Just-bongdaso ìno-time (JIT) model
Vinamilk is currently building an EOQ system to manage its inventory effectively.
Vinamilk dairy factories run bongdaso ìno automatic, closed-line manufacturers, from input to output. Also, Vinamilk built a leading smart warehouse bongdaso ìno Vietnam, with an area of 6000 sqm. The warehouse is 105 meters long and 35 meters high, including 17 floors of racks with a capacity of 27168 cargo lots. Merchandises are automatically imported and exported by 15 RGVs (Rail guided vehicles) moving finished product pallets into the warehouse and 08 Robot Cranes (Stacker Crane) arranging pallets into the shelf system.
The best eCommerce traders and retail operators are motivated by a prudent reason to avoid out-of-stock. The use of deterministic inventory management models - such as the Economic Order Quantity (EOQ) model - will help you handle the ideal order quantity to minimize inventory costs (and avoid far from the scariest part of eCommerce).
Of course, Vinamilk is no exception when applying the EOQ model to calculate the optimal order quantity.
Raw materials inventory management: Because of the differences bongdaso ìno material characteristics, packaging methods, suppliers, order cycles, and waiting time from ordering to delivery, the optimal order quantity cannot be totally matched with the EOQ model. It also depends on staff experience bongdaso ìno the production plan department.
* Materials
Raw fresh milk, imported powdered milk, and spices are the main ingredients used at Vinamilk. The other materials need to be stored bongdaso ìno a normal temperature environment with natural cooling. They will be managed by the FIFO method (First bongdaso ìno, First Out) to ensure quality.
With almost materials, the materials that are stocked first will be used bongdaso ìno the production process first. Materials are stored on giant shelves 4-6 floors high. Heavy items will be placed on the bottom, while materials with lower weight will be placed on top.
All shelves, cells, and boxes will be marked by codes/ barcodes and position-saved bongdaso ìno WMS (warehouse management system). Therefore, while searching for materials that are bongdaso ìno stock or out of stock, we only need to enter the product name or item code into the system, and the system will display the location, causing saving a lot of time.
* Finished products
bongdaso ìno addition to sorting by rows and shelves as bongdaso ìno a material warehouse, the finished product warehouse is divided into four main areas: pasteurized milk, yogurt, etc., depending on regional market demands. If the inventory exceeds its storage capacity, Vinamilk will rent an outsource warehouse, separated for finished goods storage and raw materials storage.
* Inventory management bongdaso ìno the ERP model
The ERP system will have a map that locates every product, box, item, etc., which could show a full inventory report bongdaso ìno the warehouse bongdaso ìno real-time. Therefore, the production department could actively plan for manufacturing.
To find more about Vinamil Inventory management, don’t hesitate to connect us at 19003133 orcontact@als.com.vn.
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