lean inventory management

"Throughput time is directly proportional to inventory in the system"


What is Inventory Management?

Inventory management is a systematic approach to sourcing, storing, and selling inventory— raw materials, and finished goods. In Lean Manufacturing terms, it means managing the right stock, at the right levels, in the right place, at the right time, and the right cost as well as price. Lean Consultants can contribute significantly to controlling the wastes of higher inventory, reducing carrying costs through strategic deployment of inventory management tools.

Benefits of Lean Inventory Management:

  • Increased Sales
  • Increased Information Transparency
  • Shorter Lead Times
  • Lower Operational Costs
  • Improved Delivery Performance
  • Increased Employee Efficiency
  • Accurate Planning
  • Decreased Stock-Outs
  • Increased Inventory Turnover


What is Kanban?

KANBAN is a sign, signboard, or signal that is specified for controlling information and regulating material conveyance. Kanban is thus a signalling device that gives authorization and instruction for the production or withdrawal of items/goods. Kanban coupled with takt time, flow processing, pull production, and level scheduling is what enables JUST IN TIME production to be achieved in a value stream.

Benefits of Kanban

  • Prevent overproduction or material between production process
  • Provide specific production instructions between process based upon replenishment principles
  • Serve as a visual control tool for production supervisor to determine schedule adherence status
  • Establish a tool for continuous improvement
  • Improved flow efficiency
  • Improved throughput
  • Prevents overburden on the system infrastructure
  • Increased agility and flexibility

For more details about Lean Manufacturing Training & Consulting Email : info@avci-lean.com or Call / Whatsapp : +91 9824009792