Lean Supply Chain Management

In this report, it also involves the tools and techniques, lean management principles and framework of the supply chain management. It identifies the risk and problem of the manufacturing companies. The lean supply chain management minimizes the waste. So, this report is totally depending on the lean supply chain management. Waste can be in time, cost and in the inventory of the manufacturing companies. This report shows the framework of the supply chain management (Myerson, 2012).

Task

1. Supply Chain in Warehousing and Inventory Management

Supply chain is important in warehousing and in inventory management activity. The supply chain management is important in the warehousing and its inventory management activities. The warehousing is important to reducing the waste of resources and waste of time and in the non-value added activities.

The supply chain management is also important in the inventory management because it manage the inventory or stock systematically. The supply chain management reduces the preventable inventory. Through the controlling of unnecessary inventory, a company manager can manage the supply chain of the business and can reducing the unnecessary space of the warehousing. The supply chain management is helpful in controlling the activities of the warehousing and inventory (Fernie, Sparks, 2014).

Lean Management

Lean management is a process which is useful for running an effective business. The lean management involves the continuous improvement for the long period of time. It is useful for the manufacturing the product. The lean management always involves the effective quality of the product. Lean management is also helpful in the reducing the waste of resources and waste of time. So, it is the effective process for the business.

Principles and Tolls of Lean Management

There are some principles of the lean management which is useful for the business manager. They are given below:

Identify Value

It identifies the value of the product. The value is play a important role in the satisfaction in the consumer needs and wants for the effective product. So, it is the first principle of the lean m