Point of Use Inventory
Point of Use Inventory is a lean concept where the inventory (both material and information) is stored at the actual point / location / place where it is going to be used rather than a central warehouse or any other location. Two biggest benefits of implementing it are
1. Separate real estate is not required for storage.
2. Brings down the overall inventory level as compared to traditional way of having a central warehouse.
It is sometimes also known as Point of Use Storage (POUS).
An application-oriented question on the topic along with responses can be seen below. The best answer was provided by Vastupal Vashisth on 5th February 2019.
Applause for all the respondents- Vastupal Vashisth, Hari Shyam Gupta, Krishnamurthy Rao, Prashanth Datta
Also review the answer provided by Mr Venugopal R, Benchmark Six Sigma's in-house expert.