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Different ways used by Samsung to manage its inventory are 

1. Reducing cycle time- Samsung realized that manufacturing of silicon wafers is


includes a lot of unproductive time which increases the cycle time of whole
operation. To remove this problem, it introduced slim model.
2. Samsung produces most of its inventory in 3 rd quarter of financial year to address
the increase in demand at end of year.
3. Samsung makes most of its inventory in house, so they can easily regulate the
amount.

Smarter Procurement

Plant managers in smart factories can access the scheduling of batch production
processes and ensure all systems are going for each. In lean manufacturing, the
shop floor worker will scan all raw goods used for a process with the help of
a barcode scanner attached to a mobile device like the Samsung Galaxy Tab
Active2, and such an action can automatically pull up the inventory management
software. When a threshold for a product is reached, a trigger programmed by
manufacturing personnel can determine when the raw material will be needed
again and create a purchase order, which can be routed to the back office and to
a plant manager’s mobile device. With a stylus-enabled device such as
the Samsung Galaxy Note9, a manager can sign the order and send it to the
supplier.

Smarter Order Fulfillment and Warehousing

Scanning barcodes on finished goods as they move from the production line to
distribution warehouses relays real-time information about inventory, which can
be especially useful during peak demand.
Since inventory management founded on lean manufacturing principles will
provide complete transparency across all silos, scheduling can be ramped up or
scaled down depending on warehouse stock. Such inventory management also
allows OEMs to accept specialty orders for a diverse array of customers, thereby
adopting even more of a customer-centric approach.

On a larger level, smart factories can implement effective track-and-trace (T&T)


systems, which allow management to precisely pinpoint the location of any raw
material or finished product using mobile devices. Warehouses equipped with
weather sensors can also alert management about potential hiccups in the quality
of stored goods or anticipated deliveries of raw material.

In the smart factory of the future, data from a variety of such sources will be
streamed in real time to the ERP software, and machine learning algorithms will
correct production schedules and move inventory back and forth intelligently in
real time.

Mobile devices play a critical role in inventory management all along the supply
chain. They can scan barcodes and RFID tags and monitor flow of raw materials
and components, work in progress and finished goods, thereby keeping a tight
control on inventory and ensuring an agile smart factory.
Citation

https://www.scribd.com/doc/310646848/Inventory-Management-of-Samsung

https://insights.samsung.com/manufacturing/

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