Inventory Management

Inventory is one of the easiest wastes to identify. However, it is also one of the hardest to completely eliminate because there are often situations…

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Course Overview

Inventory is one of the easiest wastes to identify. However, it is also one of the hardest to completely eliminate because there are often situations where it cannot be avoided. This course reveals effective strategies for dealing with Lean inventory management as part of a supply chain. By following the tactics outlined in this course, you will be able to improve tracking, transportation and storage of inventory while minimizing the wastes associated with it. This improvement to logistic will have great benefits for Lean efforts throughout the organization.

Why take this course?

Excessive inventory is often one of the toughest wastes to tackle, especially in a supply chain. This course will teach you effective strategies for minimizing the waste associated with inventory.

What am I going to learn?

  • Classification criteria for inventory
  • Slot allocation and indexing for Lean inventory management
  • Strategies for tracking inventory transactions and withdrawals
  • The difference between “waterspiders” and material handlers
  • The difference between warehouses and “supermarkets”
  • The difference between WIP, semi-finished goods, and finished goods
  • Storage and transportation implication for different stages of inventory
  • How warehouse capacity effects retrieval and performance
  • Lean inventory management based on warehouse capacity

Who is the intended audience?

Anyone who deals with inventory as part of a logistics system

What are the prerequisites?

A basic understanding of Lean supply chain principles

What am I going to receive?

  • Videos that provide Lean logistics strategies for managing inventory
  • PDF transcripts for your review
  • A list of the terms used in the videos and their definitions
  • Power Point presentations to support your learning
  • Images from the videos to use as you wish
  • A badge awarded upon successful completion of the course

Course Curriculum

Tracking Inventory in Warehouses00:00
Supermarkets and Waterspiders for Lean Logistics00:00
Understanding Different Categories of Inventory00:00
Understanding Warehouse Capacity00:00
Quiz – Inventory Management00:15

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