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What is lean inventory management?

What is lean inventory management?

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Question ajoutée par Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products
Date de publication: 2017/07/30
Prabin Rai
par Prabin Rai , inventory officer , bijaya motor

There are many methods to manage an inventory system, and lean inventory management is one of them. Lean inventory management focuses on increasing the value of a company's stock by identifying and eliminating waste in material handling, labor, and time, while continuously improving manufacturing processes.

Mohammed El Tahir Mohammed Yousif
par Mohammed El Tahir Mohammed Yousif , Finance Manager , Factory of Golden Block Company for Cement Products

More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

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