Lean logistics is about managing inventory throughout your entire business network to best meet customer needs and cost requirements. In this video, Steven explains a process to lower total inventory holding costs within your supply chain.
- When I say lean logistics,…what's the first thing that comes to your mind?…I immediately think of inventory, how to manage it better…so that I can reduce my cost of holding inventory.…Let's talk about inventory cost.…The most expensive type of inventory is finished goods,…the final product you sell to your customers.…It follows that products that are less than finished…would cost less.…Raw materials cost less than components,…which cost less than subassemblies,…which cost less than the final product…shipped from the factory, which costs less…than the final product sold to the customer.…
I think you get the picture.…As your product moves through the system, it gains value.…Looking at a simple supply chain of supplier,…manufacturer, wholesaler, retailer, and customer,…it makes sense that the further away…inventory is from the customer, the less value it has,…again, because it's not the completed product.…Therefore, the further away inventory is from my customer,…the less it costs to hold that inventory.…Unfortunately, in a traditional supply chain,…
Lean concepts have been successfully applied to every aspect of doing business. In this course, learn the principles of lean and how they are used in processes, production, and services. Instructor Steven Brown also explains how lean thinking impacts the organization, from the overall business culture to day-to-day work activities.
- What is lean?
- Process mapping and reengineering
- Cost and constraints
- Lean manufacturing
- Lean services
- Lean culture
- Lean thinking
Skill Level Beginner
Enterprise Agile: Disciplined Agile (DA) versus Spotifywith Doug Rose1h 11m Intermediate
Construction Management: Introduction to Lean Constructionwith Jim Rogers1h 2m Appropriate for all
1. Lean Defined
2. Lean Processes
3. Lean Manufacturing
4. Lean Services
5. Lean Thinking
Next steps1m 42s
- Mark as unwatched
- Mark all as unwatched
Are you sure you want to mark all the videos in this course as unwatched?
This will not affect your course history, your reports, or your certificates of completion for this course.Cancel
Take notes with your new membership!
Type in the entry box, then click Enter to save your note.
1:30Press on any video thumbnail to jump immediately to the timecode shown.
Notes are saved with you account but can also be exported as plain text, MS Word, PDF, Google Doc, or Evernote.