Executive Development Programme in Lean Inventory Principles
-- ViewingNowThe Executive Development Programme in Lean Inventory Principles is a certificate course designed to provide learners with essential skills for inventory management and career advancement. This program focuses on teaching lean inventory principles, which help organizations reduce waste, lower costs, and improve customer satisfaction.
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โข Introduction to Lean Inventory Principles: Understanding the concept of lean inventory, its benefits, and how it differs from traditional inventory management.
โข Value Stream Mapping: Identifying and mapping the value stream to eliminate waste, reduce lead time, and improve efficiency.
โข Demand Forecasting: Techniques for accurate demand forecasting, including historical data analysis and statistical methods.
โข Safety Stock Management: Calculating and managing safety stock levels to minimize stockouts and maximize customer satisfaction.
โข Just-In-Time (JIT) Inventory: Principles and practices of JIT inventory management, including supplier partnerships and continuous improvement.
โข Continuous Replenishment: Implementing continuous replenishment strategies to reduce lead times, inventory levels, and costs.
โข Inventory Control Techniques: Techniques for controlling inventory levels, including first-in, first-out (FIFO) and last-in, first-out (LIFO) methods.
โข Inventory Metrics and KPIs: Understanding and tracking key inventory metrics, such as inventory turnover, stockout rate, and lead time.
โข Implementing Lean Inventory Principles: Steps for implementing lean inventory principles, including training, communication, and continuous improvement.
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