What sort of Stock Control Operates At the Birmingham Mint? And how is it efficient?

Authors Avatar
What sort of Stock Control Operates At the Birmingham Mint? And how is it efficient?

I am currently investigating ways in which companies can cut costs and increase efficiency, one way of doing this is to introduce lean production to the company. Lean production involves a whole range of waste saving measures, which have the potential to raise productivity. This includes organising people effectively, cutting down on stocks, improving quality through a market-oriented approach. To help enforce these, Western companies have adopted lean production strategies from the Far East. For example Kanban control (see appendix1, 2 and 4 for related articles). I have chosen to focus my task on stocks and if or not they can be cut.

Stocks are vital to every company but it's how you control your stocks, which indicates how efficient the company is.

For my task I tried to research both Eastern and Western ideas on Stock Control using textbooks and the Internet. I attempted to get personal views of the subject using a primary source, as a result of this I attempted to find the potential effects if various different methods were put in to use. I also looked at a different company, Jaguar (see appendix 3 for summary of Jaguar's scenario) to see their reaction to a similar problem.
Join now!


In the Birmingham Mint and other manufacturing businesses, stocks provide an adequate flow of raw materials and Work in Progress (for definition see appendix 5), because of the short production time at the Birmingham Mint, work in progress is only a minor element of stock. A large element of stock at the Birmingham Mint is the raw materials, this is a result of the large orders in which the business has to fulfil I know this from the Director of the company (to see the rest of the interview turn to appendix 6).

The two most recognised ...

This is a preview of the whole essay