Achieving excellence in physical goods inventory management is one of the most crucial areas of running a business.
Poor inventory management results in:
• Stockouts, which cause delayed service and delivery to customers
• Excess inventory, which creates poor cash flow and wasted money
• And excess labor effort needed to cope with the follow-on problems that stockouts and excess inventory create
Kanban is a disciplined and highly effective "pull system" for managing supplies, parts, raw materials, and finished goods. Inventory levels are determined based on precise criteria. Materials are replenished 1:1 as they're consumed.
This course describes the benefits of and how-to steps for establishing a high-performing two-bin kanban system.
It also includes Key Course Takeaways and four templates: Kanban Project Charter, Kanban Project Plan, Kanban Calculator, and Kanban Audit Worksheet.
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