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Lean Inventory Management
The most common success factor in fortune 500 companies worldwide is their adoption of “Lean Inventory Management” throughout the supply chain. Level of inventory reflects a company’s efficiency and effectiveness in overall cost management. Good leaders always have keen sense and acute focus on lean inventory management. This one-day introductory workshop is designed to help expose participants on various aspects of lean inventory management thru case studies and best practices.
Outline
- Traditional vs Lean Inventory Management
- Inventory models for various business
- Lean inventory models, framework and terminology
- Lean Inventory management at various stages of supply chain
- Steps, computation & metrics for lean inventory management
- Tools & techniques for lean inventory flow & optimization for cost efficiency
- Challenges while implementing lean inventory system & tips for overcoming barriers
- Capturing the financial benefits of Lean inventory implementation
Who should attend
Leaders, managers & supervisors involved in Operations, Planning & Scheduling, Manufacturing, Industrial Engineering, Retail, Procurement, Stores & Warehouse. Lean practitioners & operational excellence teams
Profile of Ramesh Rao
Facilitator holds multiple degrees in Engineering, Finance & Supply Chain Management. He is also a certified Lean Six Sigma Master Black Belt, SCOR-P (Supply Chain Professional) and Design Thinking Facilitator. Facilitator is a qualified trainer with ACLP(ACTA) certification from IAL Singapore. During his 28 years of experience as global operations leader as well as global finance controller responsible for multiple factories and business units at P&L level, the facilitator successfully applied lean inventory framework and management across multiple industries and supply chains and translating these efforts into significant positive cashflow situations for global MNCs. Currently, he continues to apply his skills in warehouse management as a business consultant & trainer across multiple industries in Singapore & in Asia.