Just in Time inventory - Learn the basic concept to minimize the many costs of excess inventory

This 20-minute short course on "Just-in-Time (JIT) Inventory in Lean Six Sigma" focuses on teaching individuals and teams how to implement JIT inventory principles to reduce waste, improve efficiency, and optimize inventory management within a Lean Six Sigma environment. Included: English narrated video, One Point Lesson and Workbook! The course equips participants with the skills and knowledge needed to implement JIT inventory principles effectively within their Lean Six Sigma projects and inventory management processes. It emphasizes practical aspects of optimizing inventory for efficiency and reducing waste while maintaining responsiveness to customer demand.

Riaan Du Plooy | Author Level 5

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(0) 1 Students

What you will learn

  • Just in Time

  • Defect Prevention

  • Inventory Accuracy and Control

  • Supplier Relationships

  • Performance Metrics and Continuous Improvement

  • Quality Control

  • Safety Stock and Risk Mitigation

  • Lead Time Reduction

Course Content:

Introduction to JIT Inventory in Lean Six Sigma:
Understanding the concept and importance of JIT inventory.
How JIT inventory aligns with Lean Six Sigma principles and methodologies.

Benefits of JIT Inventory:
Exploring the advantages of JIT inventory, including reduced carrying costs, improved cash flow, and reduced waste.

JIT Inventory Principles:
Key principles and considerations in JIT inventory management, including pull systems, reduced lead times, and waste reduction.

Pull Systems:
Understanding pull-based production and the Kanban system.
Implementing pull systems to control inventory and production.

Takt Time Calculation:
Calculating takt time to match production to customer demand.
Aligning production and inventory levels with takt time.

Batch Size Reduction:
Strategies for reducing batch sizes to minimize excess inventory.
Minimizing overproduction and waste.

Inventory Flow and Layout Optimization:
Optimizing inventory flow and layout for efficient access and movement.
Strategies for reducing handling and transportation waste.

Visual Management for JIT Inventory:
Incorporating visual cues, Andon systems, and Kanban boards to enhance JIT inventory management.
Real-time monitoring and problem identification.

Supplier Relationships and Lead Time Reduction:
Collaborating with suppliers to reduce lead times and align with JIT principles.
Strategies for supplier development and collaboration.

Safety Stock and Risk Mitigation:
Managing safety stock while maintaining JIT principles.
Strategies for mitigating risks associated with JIT inventory.

Inventory Accuracy and Control:
Implementing inventory control measures and cycle counting.
Reducing inventory errors and discrepancies.

Employee Training and Engagement:
Training employees on JIT inventory principles and techniques.
Involving employees in JIT inventory processes and continuous improvement.

Quality Control and Defect Prevention:
Implementing quality control measures and mistake-proofing devices in inventory management.
Reducing defects and rework related to inventory.

Performance Metrics and Continuous Improvement:
Implementing key performance metrics for JIT inventory.
Encouraging a culture of continuous improvement in inventory management.

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Meet Your Instructor

Instructor
4.6 Rating
149 Students
Author Level 5
121 Courses
About Instructor

Riaan is a dynamic leader, coach, facilitator, Lean Six Sigma Master Black Belt with over 20 years of hands-on experience driving business results. Riaan is highly skilled and has worked across diverse industries internationally. With a degree in Chemical Engineering, Riaan started in the major breweries and bakeries in South Africa and was so dedicated to his work that he was often known to take his work home with him.

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$ 20.00 $ 24.00

16.67% off
  • Course Duration
    20 min 0 sec
  • Course Level
    Intermediate
  • Student Enrolled
    0
  • Language
    English
This Course Includes
  • 20 min 0 sec Video Lectures
  • 0 Quizzes
  • 0 Assignments
  • 0 Downloadable Resources
  • 365 days after the enrollment
  • Certificate of Completion