article thumbnail

Restructuring Global Value Chains & Tariff Reduction – A Continuous Evolution for Supply Chains

The Logistics & Supply Chain Management Society

This article was originally written and published for DHL in January 2020 and focused on the trade wars and how to leverage opportunities for tariff reductions. Owning sound data is crucial to planning optimal shipping routes, locating distribution centers and warehouses, and forecasting revenue volumes and other trends.

article thumbnail

Inventory Management Strategies of 7 Successful Firms

Unleashed

Since 2004 Samsung has also been using the Lean Six Sigma method, which is a management technique aiming at sustained improvement of manufacturing processes through statistical & financial analysis. The five key steps of Lean Six Sigma are define, measure, analyse, improve and control – usually referred to as DMAIC.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Evolution of the Direct-to-Consumer Supply Chain

Talking Logistics

All signs point to the rise of direct-to-consumer (DTC) shipping. What’s evolving is that consumers are going further down the SKU stream to have more shipped to their houses – both regularly and on-demand. So where is the industry heading? The Rise of DTC. The question is: how will this impact retailers and manufacturers?

article thumbnail

Manufacturers, Technology, and the Digital Age

Enterra Insights

Louis Columbus ( @LouisColumbus ), a Principal at IQMS, explains, “Going into 2020, manufacturers are at an inflection point in their adoption of analytics and business intelligence (BI). Analytics applications and tools make it possible for them to gain greater insights from the massive amount of data they produce every day.”[5]

article thumbnail

The Failings of Lean Manufacturing Principles

Elementum

Lean Manufacturing may be the best known of these broad “cost-only” process management philosophies, but other common methodologies like Just-in-Time, Kaizen, and Six Sigma similarly endorse a “ cut at any cost” mindset. The European Central Bank estimated that since 2020, supply chain disruptions have ??reduced

article thumbnail

Like A Green Lump of Clay….

Supply Chain Shaman

For mature supply chain organizations, it is a natural extension of six sigma. Preparing to Run the Race for Supply Chain 2020. It requires design. It is a goal for 87% of companies, but only 27% of organizations feel that they have met their internal goals to achieve agility. The quality element is the toughest to model.

article thumbnail

How to Get a Job in the Supply Chain Sector

Logistics Bureau

That event was the global COVID-19 pandemic, which erupted during the first half of 2020. It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. These are some of them: It gives you an in-depth overview of the entire organisation.