👉 Qty engineering is a strategic approach in manufacturing and supply chain management that focuses on optimizing the quantity of materials, components, or products to meet production needs while minimizing waste and costs. It involves analyzing and adjusting the levels of inventory, raw materials, and finished goods to ensure efficient production processes and timely delivery. By fine-tuning these quantities, companies can reduce excess inventory, lower storage costs, and improve cash flow, all while maintaining the ability to respond quickly to market demands. Effective qty engineering requires a balance between overstocking, which ties up capital and increases storage expenses, and understocking, which can lead to production delays and lost sales. This approach often utilizes statistical methods and demand forecasting to determine optimal inventory levels, ensuring that production processes are both cost-effective and responsive to customer needs.
