blog




  • Essay / The Advantages and Disadvantages of Inventory Methods - 734

    (Harbour, 2016) As for inventory management, it is used to describe the level of efficiency of a company when managing its inventory physical availability of products in relation to supply and demand. (Sentell, 2016) Lean inventory management modernizes the quantity of inventory controlled. Using an effective technique involves increasing the level of visibility. Harbor further states: “Increasing visibility means increasing transparency for all suppliers working with an organization every day, regardless of where they are located or how they integrate. In order to increase the overall level of flexibility of the business, unnecessary or excessive inventory must be eliminated. (Harbour, 2016) Kumar highlights that the Lean manufacturing system has widely emerged and is an important tool for the Indian automobile industry. The implementation of Lean Manufacturing eliminated product defects and increased its production. (Kumar, 2012) According to Kumar, “The variables of Lean production system implementation were identified based on literature review and expert opinions. In addition, the classification of variables was carried out on the basis of