lean inventory management practices

Lean Inventory Management: How to implement Lean Inventory with ERP? Lean is a way of thinking. A systematic method to identify and eliminate waste from processes to provide maximum value to customers. What is Lean Inventory Management? Lean Inventory Management is a systematic method that focuses on eliminating any form of waste in Inventory and providing the right quantities of inventory, just-in-time, to ensure smooth flow of production and ultimately add value to the customer. Thus, Lean inventory management focuses on maintaining the bare minimum required inventory. What is the import...