Novo Textiles Co. - Business Consulting Project
|Project Client:||Novo Textiles Co.
|Project Description:||Process Improvement Analysis
|Students:||Andrew Yee, Sayi Siyapela, and Victor Wang
|BCIT Program:||Business Operations Management
Novo was utilizing an ERP system to record the data of the inventory flow. It was assumed that the ERP software was malfunctioning and it was causing inaccurate ERP reports. Tests were run on the ERP and they came out negative for errors in the ERP calculations. Because the ERP seemed accurate we focused our analysis on the current stock-out issues.
After brainstorming, data gathering, and data analysis we determined the solution is to implement a Kanban System. The improvements Kanban will bring to the current processes are:
- Standardized Processes
- Increased Visibility of Inventory
- Standard re-order points