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	<h1>Continuous Improvement: Strategy to manage Inventory</h1>
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			<span class="post-date">Apr 10</span>

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				Posted by <a href="/forum/user/894-nishu-soni">Nishu Soni</a>				in <a href="/resources/sigmaway-blog/continuous-process-improvement">Continuous  Process Improvement</a>			</span>
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	<p class="MsoNormal" style="margin-bottom: 0.0001pt;">According to Larry Fast (president of Pathways to Manufacturing Excellence), inventory remains a key area where we want to improve processes and eliminate waste. In the manufacturing industry, we basically have three types of inventory (raw material, WIP and finished goods). If we have an excess inventory it means that processing issues are hidden. CI (continuous improvement) strategy in an organization generally reduces their average cycle time by 70.4%, reduce scrap by 50%. Read more at: <a href="http://www.industryweek.com/ask-expert-lean-leadership/are-you-overlooking-inventory-focus-process-improvement-and-waste-reducti" target="_blank">http://www.industryweek.com/ask-expert-lean-leadership/are-you-overlooking-inventory-focus-process-improvement-and-waste-reducti</a></p></div>

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		<a href="/blog/tags/process-management">
		<span itemprop="keywords">Process management</span>
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		<a href="/blog/tags/inventory-management">
		<span itemprop="keywords">Inventory management</span>
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		<a href="/blog/tags/inventory">
		<span itemprop="keywords">inventory</span>
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		<a href="/blog/tags/continuous-improvement-strategy">
		<span itemprop="keywords">Continuous improvement strategy</span>
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