Inventory Management Utilizing Kanban
Learn how to have processes in place to signal inventory needs to reduce/eliminate out of stock conditions and determine the “right” amount of inventory for your operation. In this course you will learn how to implement 4 types of Kanbans (min/max, 2-bin, FIFO lane, and Kanban card system), using our hands-on simulation. Course participants will determine re-order points and re-order quantities using simple calculations. Understand how Kanban processes are utilized for managing the shop floor inventories and MRP systems aide in planning.
- Kanban Definition
- Types of Inventory
- Raw Material (and consumables)
- Work in Process
- Finished Goods
- Needed information to create simple Kanban
- Delivery lead time
- Quantity size
- Demand rate
- When to make to order or supermarket
This class features practical inventory management principles based upon implementing Kanbans where and when they are needed. This class also features a hands-on simulated factory where participants will experience the benefits of implementing Kanbans by applying the lecture concepts and measuring the impact.