Lean Inventory Management

Learn how to apply lean tools, tactics, and strategies to manage inventory more effectively.

Introduction

• What is lean inventory management?
• What you should know

1. Understand Lean Inventory

• View inventory as a waste
• Eliminate the three Ms of inventory
• Forecast inventory for lean
• Know your inventory

2. Lean Inventory Tools

• 5S
• Kanban
• One-piece flow
• Single-minute exchange of die
• Poka-yoke

3. Lean Inventory Tactics

• Standardize parts
• Level preventive maintenance schedules
• Embrace quality at the source
• Deliver on time
• Rationalize the product line

4. Lean Inventory Strategies

• Manage supplier inventories
• Manage inventory buffers
• 3D concurrent engineering
• Continuously improve
• Establish a lean culture

Conclusion

• Next steps