Lean Inventory

Lean Inventory Management: How to implement Lean Inventory with ERP?

Lean Inventory Management: How to implement Lean Inventory with ERP?
Lean Inventory Management: How to implement Lean Inventory with ERP? Lean is a way of thinking. A systematic method to identify and eliminate waste from processes to provide maximum value to customers. What is Lean Inventory Management? Lean Inventory Management is a systematic method that focuses on eliminating any form of waste in Inventory and providing the right quantities of inventory, just-in-time, to ensure smooth flow of production and ultimately add value to the customer. Thus, Lean inventory management focuses on maintaining the bare minimum required inventory. What is the import...
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How to create a Lean Enterprise with ERP?

How to create a Lean Enterprise with ERP?
How to create a Lean Enterprise with ERP? Before we get into the details of how to create a Lean Enterprise with ERP, let us briefly understand the origin of Lean, principles of Lean, and how it expanded its focus to a Lean Enterprise. What is Lean? Lean is a way of thinking. It is a persistent effort towards minimizing waste for achieving continuous improvement. The Lean philosophy originated with Toyota putting into practice the Lean Production System to minimize waste without sacrificing productivity. They were able to achieve significant improvement in productivity, efficiency & pr...
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