Section H: STOREROOM OPERATIONS <br />^ OUTLOOK <br />The storeroom has developed into a full storeroom <br />and purchasing operation, and its services are <br />heavily used by the plant. Additional inventory <br />control improvements will occur during the next <br />few years to ensure the storeroom can continue to <br />provide a high level of service to the organization. <br />For example, the existing inventory consists of <br />many equipment parts that were obtained with <br />equipment contracts during plant construction. <br />Infrequently used and nonemergency parts ac- <br />countfor one-third tonne-half of the total value of <br />the inventory on hand. As these parts are used, <br />staff will carefully evaluate whether a stock item <br />should be continued. Careful monitoring will cre- <br />ate aleaner inventory and optimize the use of <br />available storage space. <br />Efforts will also focus on promoting a "just in time <br />purchasing" attitude within the plant. This refers <br />to effective planning to help the plant take deliv- <br />ery of targeted parts and supplies that do not <br />Page 58 <br />qualify as inventory stock items justbefore they are <br />needed. For example, if a mechanic is planning to <br />rebuild a pump in the near future, he/she would <br />give a list of neededparts to stores staff, who would <br />then get price quotes and order and delivery times <br />from appropriate vendors. The actual order would <br />be placed to assure the parts. arrive 10 days before <br />the scheduled rebuild of the pump. "Just in time <br />purchasing" will alleviate storage problems and, by <br />freeing up working capital, make the mostefficient <br />use of funds. <br />Staff also will be evaluating new software that has <br />more inventory capabilities and can bar code in- <br />ventory items. Inventory item price averaging, <br />complete parts listing Of plant equipment, and <br />multiple vendor listing of stock items are a few of <br />the new software functions that would provide <br />more efficient inventory control and purchasing. <br />Barcodingwouldhelp track expendable inventory <br />and, by reducing data entry, reduce costs. <br />