Smart objectives for warehousing and inventory management

Objectives are a tool, are a proxy for some outcome that we want to achieve. What kind of outcomes would anyone want to achieve in a warehouse? What kind of outcomes would anyone want to achieve from inventory management?

Does your organization find important that your warehouse and inventory management:

• Do not lose material;
• Has no stock breaks; 
• Has no material wasted; 
• Uses older batches first; 
• Has no leakage or spillage occurrence; 
• Detects non-conformities and segregates them.

Each topic can be translated into an objective. For example:

• Do not lose material – Not more than 1% difference between real and virtual stock during monthly inventory audits (if actual performance is 5%, you can add that the 1% level is to be attained in the next 90 days and the responsible is person A)
• Has no stock breaks – Not more than 1 stock break situation per month in critical items (if actual performance is on average 3.5, you can add that the 1 break per month will be attained in the next 60 days and the responsible is person B) 

The following material will provide you more information about SMART objectives:

Article - How to Use Good Environmental Objectives - https://advisera.com/14001academy/blog/2019/08/27/key-iso-14001-benefits-to-customers/nowledgebase/how-to-use-good-environmental-objectives/

Enroll for free in this course – ISO 14001:2015 Foundations Course - https://advisera.com/training/iso-14001-internal-auditor-course/

Book – The ISO 14001:2015 Companion - https://advisera.com/books/the-iso-14001-2015-companion/ 

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