written 5.7 years ago by | • modified 5.7 years ago |
Subject: Production Engineering and Robotics
Difficulty: Medium
Marks: 4 Marks
written 5.7 years ago by | • modified 5.7 years ago |
Subject: Production Engineering and Robotics
Difficulty: Medium
Marks: 4 Marks
written 5.7 years ago by |
5’s can be use as a inventory management technique as it has the main objectives to manage the inventory level.
Its objectives are,
[1] It keeps the inventory at needed level only.
[2] It Keeps the workplace in order and cleans.
[3] It aims to eliminate unwanted items.
SEIRI in 5’s refers to the removal of unrelated material from the work place which reduces unwanted material inventory.
SEIKETSU refers to the standardization of work being done which eliminate the wasteful work and material results into reduction of inventory.
With all these above objectives and main function of 5’s it can be used for the inventory reduction or inventory management