BSC-102     Inventory Management and Lean Practice

• Overview
• Course Objectives
• Course Content
• For Whom
• Schedule and Hours

<

>

Inventory Management and Lean Practice work hand in hand to improve efficiency, reduce waste, and enhance overall supply chain performance. Effective inventory management ensures the right materials and products are available at the right time and in the right quantities, minimizing stockouts and excess inventory. By aligning inventory levels with actual demand, organizations can achieve better cash flow, lower holding costs, and improved customer satisfaction.

Lean practices focus on eliminating non-value-added activities and streamlining processes throughout the supply chain. When applied to inventory management, lean principles such as Just-in-Time (JIT), continuous improvement (Kaizen), and value stream mapping help reduce unnecessary stock, shorten lead times, and create smoother material flow. The goal is to maintain optimal inventory levels that support production and service needs without overburdening storage or capital resources.

Integrating Lean and Inventory Management creates a balanced, responsive, and cost-effective system. It encourages data-driven decision-making, collaboration between departments, and continuous monitoring of inventory performance. Ultimately, this integration enhances operational agility, allowing businesses to respond faster to market changes while maintaining efficiency and quality across the supply chain.

This 2-day course on Inventory Management and Lean Practice is designed to provide participants with a comprehensive understanding of effective inventory management techniques and the principles of lean practices. The course will focus on optimizing inventory levels, reducing waste, and improving overall operational efficiency. Participants will engage in practical exercises and case studies to apply lean methodologies in inventory management.

Upon successful completion of this course participants will be able to:

• Understand the fundamentals of inventory management and lean practices.
• Analyse inventory systems and identify areas for improvement.
• Apply lean principles to streamline inventory processes.
• Utilize tools and techniques for effective inventory control.
• Develop action plans for implementing lean inventory management in their organizations.

Day 1 - Fundamentals of Inventory Management 

• Section 1: Introduction to Inventory Management
• Section 2: Inventory Management Techniques
  
• Section 3: Demand Forecasting
  
• Section 4: Inventory Control Systems
  
  

Day 2 - DAY 2: Lean Principles and Practices

• Section 5: Introduction to Lean Thinking
  
• Section 6: Applying Lean to Inventory Management
  
• Section 7: Continuous Improvement (Kaizen)
  
• Section 8: Case Studies in Lean Inventory Management
  
• Section 9: Performance Metrics and KPIs
  
• Section 10: Risk Management in Inventory
  
• Section 11: Final Q&A and Wrap-Up

This course is ideal for:

• Inventory and supply chain managers
• Operations and logistics professionals
• Warerehouse managers and staff
• Business analysts and process improvement specialists
• Anyone interested in enhancing their knowledge of inventory management and lean practices.

This is a ​2-days programme.
​
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
 
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.

We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
​All of our training modules are claimable under HRD Corp.