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1. Inventory Control:
Seven wastes in Lean
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2. Seven wastes in Lean
 They are also called seven deadly wastes of
manufacturing.
 They are identified and grouped as activities
with no value.
 Their processes occur during manufacturing
and limit profitability.
 They are also termed as overproduction .
 Occurs when a manufacturer creates more
goods than it can sell.
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3. Definition and Explanation
of Bottleneck Machine
 A bottleneck is an explained situation.
 It is where efficient system performance is
prevented by a single or maximum number of
resources and machinery.
 It is an overcrowding part of the system
where the chain process is slowed down.
 Firms have to enhance its bottleneck first in
order to increase performance.
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4. Illustration of a
bottleneck An increase in the width of existing point
increase outflow.
 These limiting factors in machinery and
processing are the bottleneck point.
 Mechanisms of bottlenecks such as data
processing software influence the system
designer’s prevention of bottleneck situations
 This limit performance or capacity by offering a
crucial part or increasing high throughput.
 An approach that lowers inventory costs and
improves services to customers is reducing the
replenishment lead times
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5.  Reducing lead times is an ideal strategy of
reducing inventory costs .
 It also enhances client relationship.
 This helps when considering raw material lead
time.
 It also involves the time connecting external
parties who are the clients.
 This lead time is broken into reviewing time, time
spent on manufacturing and transportation for it
to be effective.
 The need is identified at review time and an order
is also raised.
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6. Costs related to Keeping
Inventory
 Inventory costs are classified as ordering, holding
and stock-out costs.
 Ordering costs entail activities involved when
placing an order.
 It can also be calculated by evaluating Economic
Order Quantity.
 EOQ= EOQ = √ (2×A×CP/CH), A=Annual demand,
CP=Replacing cost per order, CH=unit holding cost
per year.
 Holding costs included costs incurred in stock
keeping.
 Shortage costs accrue based on lack or insufficient
stock safety.
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7. For More Information About
Inventory Control
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