Annual physical inventory stock taking lead time reduction a case study

This paper focus on how well organized and systematic way of real time information system, new technology, lean techniques combinedly used to bring the reduction in number of days or lead time performed in traditional way of verifying the organizations stock keeping unit (SKU) the annual physical counts carried out during the end of each financial / calendar year and declaring to the statutory audit purposes. Also, mainly it focuses on eliminating the bottleneck of counting areas within four walls and the time spent by identifying wastes in entire process of an automotive component manufacturing industry.