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    Inventory Management by LEAN in Supply Chain Management

    A positive attitude 🙂 for gaining knowledge
    A Spark to learn and Implement Lean Strategies
    Lean inventory management is the calculated approach to increasing the value of a company’s inventory in supply chain management by identifying and eliminating waste left behind from manufacturing and supply chain.

    Before manufacturers started using lean inventory management, they would usually manufacture their goods based on demand planning as inventory management is determining factor in a companies supply chain management.

    However, with lean inventory, the manufacturer figures out and eliminates their excess inventory and only stores what they need in a specific time frame as this day companies don’t compete again each other their supply chains compete against each other as inventory management is the most important part of supply chain. Lean inventory management should be top priority in every companies supply chain management

    the practice using lean inventory management in supply chain originated from japan. As Japanese have mastered in lean supply chain management

    it was famously adopted by Toyota motor corporation, who switched to a make to order approach and performed a continuous analysis of its production lines to help the company survive a post-war Japanese economy.

    By using the lean inventory tactic, Toyota was able to adapt to the trends in demand and the changing climate of the economy by not burdening themselves with the increased carrying costs of storing finished goods or wasting precious resources on unnecessary production.

    Course content:

    1. Introduction to lean inventory management in supply chain

    2. Waste management with lean inventory management

    3. Forecasting inventory the with lean inventory management tools in supply chain

    4. Vendor inventory management

    5. Role of Gemba walk in lean inventory management efforts

    6. The 5s’s of lean for supply chain and inventory management

    7. Kanban in lean inventory management

    8. Reduce changeover in manufacturing

    9. Benefits of one piece flow in lean manufacturing and lean inventory management

    10. Error proofing to avoid waste in supply chain

    11. Standardization to lower inventory management efforts

    12.preventive maintenance for unhalted supply chain

    13. Quality is never and accident in supply chain

    14. Just in time the heart of lean inventory management in supply chain

    15. Rationalize to get best inventory management results and increase revenue

    16. Teaming up with vendors for lean inventory management

    17. Safety stock as a backup in inventory

    18. Concurrent vs sequential engineering which is better for supply chain and manufacturing

    19. Lean inventory management is a continuous effort for better supply chain

    20. Developing a lean supply chain and inventory management culture

    Who this course is for:
    This course is for the ones who are working in Logistics, Supply Chain, Export and Import industry this course will help you gain knowledge about Inventory Management and operations in depth covering interesting topics the instructor of this course has kept this course very practical no text book definitions and boring theory.

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