Optimizing Tool Inventory Management in a Lean Manufacturing World
In the world of manufacturing, inventory management is a critical task and requires a delicate balance. Holding onto too much stock ties up valuable capital, hindering cash flow and flexibility. Conversely, running out of critical supplies can bring production screeching to a halt, leading to missed deadlines and unhappy customers. This is where lean manufacturing and just-in-time (JIT) inventory management come in, offering strategies to optimize this balancing act.