Cutting-edge Inventory Control: A Masterclass in Reducing Stock Levels

This Masterclass offers comprehensive insights into enhancing a Value Stream, leveraging the principles of the "Lean" methodology, also recognized as "Produce to Demand" and "Repetitive Flexible Supply." In the 2 Day masterclass, participants will learn how to use tools such as Statistical Safety Stock, Rhythm Wheels and Pull (Inventory as a control point & Kanban). The masterclass includes exercises done by participants in excel whereby the tools that participants have learned are applied on an "ice cream factory" case-study. Participants will also learn how to create a Current and Future State "Value Stream Map" of this “ice cream factory” and will calculate the resulting inventory reduction, service level improvement and savings.

1. Networking among Delegates 2. Value Stream Mapping - Current State 3. Value Stream Mapping - Exercise 4. The MTO Hierarchy 5. Demand and Supply Variability 6. Basic Statistics 7. Make to Order 8. Postponement 9. Rhythm 10. Inventory as a Control Point 11. Case Study- Part 1 Q1-6 12. Networking among Delegates 13. Review answers Case Study- Part 1 Q1-6 14. Pull Systems-Kanban 15. Value Stream Mapping - Future State 11:30 AM – 12:00 PM: Case Study- Part 1 Q7-11 16. Case Study- Part 1 Q7-11 17. Case Study- Part 2 Q1-4 18. Creating a Case for Action 19. Case Study- Part 2 Business Case 20. Lean Scheduling 21. Lean Planning 22. Event Management