Course Overview (workshops of calculations)
Calculations for Inventory Management
Allegedly there's only trouble with inventory– the management forces us to lower it, but when there are shortages, there's a problem. Sometimes it seems that “two are not enough and three are too many”. There are some formulas and kind of theory available, however, the practice looks different …or not? Is it really possible to calculate anything reasonable and functional as far as inventory is concerned? DEFINITELY YES!! Take your laptop (or as the case may be, a representative sample of your data) with you and let's learn to manage inventory with the help of a few easily calculated parameters. We will practice everything on our pre-prepared model cases and then we will deal with tasks that are topical for you.
Kanban in the purchase, production kanban, visual or electronic board – a convenient pull solution for material flow management and achievement of the state when there is never too little or too much of the monitored stock, just the right amount. BEWARE – that's true but we have to recognise the conditions for effective introduction of kanban (and recognise when they are not valid anymore) and most of all we have to set its parameters correctly = calculate them!