This week’s topics
Lean and Pull-Based Inventory Control
- Just-in-Time (JIT) philosophy
- Kanban signalling mechanisms
- Waste elimination and stock reduction
- Supply vulnerability and risk mitigation in lean systems
- Week 02: Lecture 08: Push Vs Pull
- Just in Time & Lean Systems
What you will be able to do
- 3.2 Assess inventory approaches used in business.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: assess inventory approaches used in business.
Study materials
Videos
- Just in Time & Lean Systems · YouTube · Dr. Haywood · 9 min · for registered students
- Just-in-Time (JIT) in Healthcare: The Truth About Supply Chain “Shortages” · YouTube · Mark Graban: Lean Leadership & More · 62 min · for registered students
- Inventory Management – The Just-in-time system - ACCA Financial Management (FM) · YouTube · OpenTuition · 16 min · for registered students
Further resources
- Operations Management (Fanshawe), ch. 16: Just-In-Time and Lean Systems · Reading · Other, textbook chapter; PDF pp. 687–714 · for registered students
- MIT OCW 16.660J Introduction to Lean Six Sigma Methods (IAP 2012), Lean supply chain basics · PDF · MIT OpenCourseWare, slides · for registered students
- MIT OCW 16.660J Introduction to Lean Six Sigma Methods (IAP 2012), Lean thinking part I · PDF · MIT OpenCourseWare, slides · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.