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21 results for "inventory"


  • Lean Mind

    Hi All, today , during my travel from the house to the work I reflected on something that I always reputed as a my limit, I have not a big memory !! Reflecting now I think that fortunately it is not a limit but it is an advantage and with this post I try to explain the reasons. How many memori...

    Tags: just in time, inventory, WIP, lean mind, lean manufacturing


  • What is Throughput Accounting?

    Throughput Accounting (TA) can be understood as a simplified accounting system based on Theory of Constraints (ToC) principles. TA makes growth-driven management and decision making simpler and understandable even for people not familiar with traditional accounting. Beyond simplifying, TA has a d...

    Tags: Theory of Constraints, cost, inventory, Net Profit, Operating Expenses, ROI, Theory of constraints, Throughput, Throughput Accounting, throughput analysis

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  • Installing Cycle Counting – An Inventory Fairy Tale

    Once upon a time there was a middle aged man named Inventory-Ed who led the charge on a 100% inventory count once a year. He worked in a small metals warehouse with some minor cutting and fabricating capability. The warehouse was a union shop so when he did his annual counts he pulled from the no...

    Tags: supply chain, Tool use, cycle counting, inventory

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  • Profitless Part Proliferation

    I wrote a post a little more than five years ago about Variety Reduction Program (VRP), an amazing but little known product design optimization tool.  At the time I referred to VRP as an idea whose “time had not yet come.”  Last week, as I gave a short presentation on VRP, I...

    Tags: lean manufacturing, Old Lean Dude, GBMP, hoshin kanri, inventory, kaizen, poka-yoke, shigeo shingo, Toast Kaizen, toyota production system, TPS, true north, value stream mapping

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  • Common Misconceptions About Building a Supply Chain

    I recently had a very informative phone conversation with William T. Walker, CFPIM, CIRM, CSCP, about his most-recent book, Supply Chain Construction: The Basics for Networking the Flow of Material, Information, and Cash. During our conversation, I asked Bill: “What are the most common misc...

    Tags: customer demand, end-to-end supply chain, import/export, inventory, lead time, Supply Chain Construction, supply chain network, William T. Walker

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  • The 8 Forms of Deadly Waste in Lean Six Sigma

    The 8 Forms of Deadly Waste in Lean Six Sigma Lean Six Sigma is one of the most advanced and effective methodologies available for business process improvement and optimization. It is especially adept in battling a wide range of problems and inefficiencies. To help better understand and deal with...

    Tags: Green Manufacturing, Six Sigma, Six Sigma Overview, Six Sigma Tools, business process, business process improvement, deadly waste, defects, downtime, employee skills underutilization, inventory, lean six sigma, motion, non-valuea added processing, overproduction, transportation, waiting

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  • Supermarket vs. FiFo – What Requires Less Inventory?

    To create pull production between two processes, you can add either a FiFo lane or a supermarket. In one case you will have the FiFo as part of a bigger kanban or CONWIP loop, and in the other case you split the value stream into two different kanban or CONWIP loops. Some questions that I &hellip...

    Tags: Inventory, Pull, Kanban, Material Flow

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  • The Relation between Inventory, Customer Takt, and Replenishment Time

    Inventory is helpful for a fast delivery of goods. If you have it in stock, you can deliver to the customer right away. In that respect, more inventory is better. Yet, at the same time, inventory creates cost, some visible, some more hidden. Hence, one of the goals of lean is to reduce inventory ...

    Tags: Inventory, Math, Material Flow

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  • How Product Variants Influence Your Inventory

    The sales & marketing department often aims to create more and more product variants to target even the smallest niche in the market. Yet, it is common wisdom that more variants also mean more inventory. However, the relation is not quite as clear cut. In my last post I wrote about the Relati...

    Tags: Inventory, Math, Material Flow

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  • What Is “Just in Time”?

    Just in Time (or JIT) is a powerful method to reduce costs and increase efficiency. However, it is also very difficult to achieve. Most times when a Western company tells me it does JIT, it turns out that this is merely wishful thinking. Let me tell you what JIT really is. I will also talk &helli...

    Tags: Inventory, Lean Tools, Information Flow, Material Flow

    Last updated