Lean Inventory Management

Course details

By leveraging lean principles in your organization, you can cut down on waste, improve quality, and enhance your business processes. In this course, discover how to apply lean principles to one of the most crucial of these processes—inventory management. Instructor Steven Brown begins by discussing how inventory fits into the seven wastes of lean, as well as how to forecast inventory for lean. He then goes over lean tools—including 5S and Kanban—and discusses lean tactics that can help you build and deliver high-quality products on time. To wrap up, he highlights lean strategies that can help you manage supplier inventories and inventory buffers, continuously improve, and make lean inventory management part of your company culture.

Learning objectives
Describe what takt time is and why it is used.
Explain how using standardized parts reduces costs.
Summarize the importance of quality at the source.
Cite who should manage lean inventory.
Describe how to create a lean culture in your business.

Concepts

0. Introduction

01 - What is lean inventory management
02 - What you should know

1. Understand Lean Inventory

03 - View inventory as a waste
04 - Eliminate the three Ms of inventory
05 - Forecast inventory for lean
06 - Know your inventory

2. Lean Inventory Tools

07 - 5S
08 - Kanban
09 - One-piece flow
10 - Single-minute exchange of die
11 - Poka-yoke

3. Lean Inventory Tactics

12 - Standardize parts
13 - Level preventive maintenance schedules
14 - Embrace quality at the source
15 - Deliver on time
16 - Rationalize the product line

4. Lean Inventory Strategies

17 - Manage supplier inventories
18 - Manage inventory buffers
19 - 3D concurrent engineering
20 - Continuously improve
21 - Establish a lean culture

Conclusion

22 - Next steps

Lean Inventory Management

Authors

Steven Brown