The Logistics & Supply Chain Management Society

JULY 20, 2020

The philosophy of lean, triggers us to look for the “Ideal Way”. For companies not adopting lean, Peter Hines’s Six Rights seems to be a good start, which are Right Product, Right Place, Right Time, Right Quantity, Right Quality, and Right Price. Arguably, it is criticised that acting too lean can cause breakdowns in crisis.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

ModusLink Corporation

SEPTEMBER 20, 2010

Previous commentaries on Value Unchained noted a recent University of Tennessee research study, “Green, Lean and Global Supply Chain Strategies.” In the posting, Beyond the Research Part Three: Green and Lean Global Supply Chain Strategies , the researchers at the University of Tennessee made a rather important observation.

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Lean Waste Reduction Vendor Strategies 119

The Lean Supply Chain

MARCH 22, 2015

Cost Reduction Options: Top Managementknows that lean can add value, but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. One reason may be that they haven’t made the paradigm shift as to how to implement lean. Lean Supply Chain Implementation Results.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Lean Waste Reduction Supply Chain Planning Software 40

Supply Chain Game Changer

FEBRUARY 15, 2022

For many people who work in Supply Chain Management, or for those on the outside, it functions on the foundation of processes, formulae, and metrics. This is very much the core of Supply Chain education and certification as well. It begins with Education and Certification. (Infographic). Stuck in the Mechanics.

Supply Chain Design Software 92

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Inventory Management Software 92

GlobalTranz

OCTOBER 21, 2015

This is the first post in an ongoing series on effective KPI management from third party logistics consultant, Chuck Intrieri, of The Lean Supply Chain. . All KPIS have metrics to measure. One of the goals of the SLA/KPI should be Continuous Improvement or Kaizen (LEAN initiative). What is a Service Level Agreement (SLA)?

KPI 120

KPI Negotiating Skills 3PL Optimal Sourcing 120

QAD

JULY 28, 2022

By offering students a real-world educational opportunity in rotational programs with employers, Lori’s program introduces students to all facets of supply chain management, from purchasing to logistics to materials management to production planning. Episode #10: Maps & Metrics.

Agile and Lean Supply Chain 96

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software Supply Chain Optimization 96

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

GlobalTranz

JULY 2, 2015

Lean and green are not only trendy topics, but they also make good business sense, especially for manufacturers. Get Lean the Easy Way. In reality, one of the core tenets of the Toyota Production System on which lean manufacturing is based is “produce only what you need to satisfy the customer and nothing more.”.

Manufacturing Procurement 120

Manufacturing Procurement Lean Waste Reduction Material Savings 120

Supply Chain Game Changer

SEPTEMBER 21, 2021

The backbone of all long-standing philosophies such as Just-In-Time , Lean manufacturing, and Kanbans were all designed around minimizing the amount of inventory on hand in any Supply Chain. But it took a global pandemic to turn all of those paradigms and approaches on their heads. Inventory Management Headwinds.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Modeling 52

Supply Chain Matters

SEPTEMBER 22, 2023

While Abe acknowledges that this is positive for ASCM and other supply chain focused professional societies that are responding to continual skills education needs, they are not a replacement for the foundational leaning that schools must provide. Starting salaries are second only to data engineers.

Conference 105

Conference Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Software 105

GlobalTranz

OCTOBER 27, 2015

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Implementing and sustaining LEAN initiatives : 5S, Kaizen, Kanban and LEAN Six Sigma to bring value to the customer and go beyond their expectations.

Six Sigma 120

Six Sigma Logistics Network Optimization Software KPI Company 120

Supply Chain Game Changer

NOVEMBER 4, 2021

Invest In Financial Education. Investing your time and money in financial education is crucial for putting you in a place where you can make better decisions. Leaning on different experiences and expertise is said to be an excellent way to make better decisions. Another essential metric is your cash flow and profits.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Strategy Strategy 52

Unleashed

NOVEMBER 20, 2023

You’ve got to be really leaning into your customers and getting as much information from them as possible, but also trying to find as many similar products as possible to gain some kind of insight from them. There’s a slight difference, and that education process with your own teams is absolutely vital. Is it adding value?

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Agile and Lean Supply Chain 52

OptiProERP

AUGUST 19, 2022

Throughput is an essential KPI , and a lean metric, as it evaluates performance. However, it is important to keep educating staff so they can train others and add more value to the company. Throughput is the time it takes for a product to pass through manufacturing processes on a machine-by-machine basis for a defined period.

Manufacturing 52

Manufacturing Resource Reduction Waste Reduction Expense Reduction 52

Unleashed

FEBRUARY 22, 2023

But achieving positive cash flow requires good planning, careful spending, and educated prioritisation of business activities. Spend time on your cash conversion cycle (CCC) Understanding your cash conversion cycle metric will help you get clear on how long it takes to turn inventory into cash.

Inventory Reduction 52

Inventory Reduction Expense Reduction Cost Reduction Strategies Price Reduction 52

Kinaxis

SEPTEMBER 28, 2015

WEF notes 2025 as the year the sharing economy will reach its tipping point into the mainstream market, but I’d lean toward seeing this impact your supply chain a whole lot sooner as the number of new startups in this space continues skyrocketing. Internet of and for Things. 3D Printing and Manufacturing.

Supply Chain Software 100

Supply Chain Software Supply Chain Planning Software Analytics Software Logistics Network Optimization Software 100

GlobalTranz

JUNE 11, 2015

The first post in this series broke down what is supplier quality management and the steps to evaluate suppliers and the second post gave you insight into the metrics to look out for by 6 major industries.

Supply Chain Planning Software 120

Supply Chain Planning Software Supply Chain Design Software Quality Examples 120

Supply Chain Cowboy

DECEMBER 22, 2014

Want an example of what supply chain excellence and lean production really look like at a San Francisco bag company? Supply Chain Certifications are growing in popularity to not only help build an educational base, but distinguish job seekers looking to advance their career. More Business and Lean Quotes.

Agile and Lean Supply Chain 40

Agile and Lean Supply Chain Supply Chain Strategy S&OP Vendor Strategies 40

Supply Chain Game Changer

NOVEMBER 22, 2018

But deliberately or not they had managed to create a game which was a great vehicle to educate and communicate the principles of managing a Supply Chain. While there is no long term forecasting the game does work well when managed as a Lean, Just-In-Time Delivery system. The FarmVille Supply Chain Conclusion.

Supply Chain Planning Software 46

Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Planning Supply Chain Optimization 46

GlobalTranz

MAY 6, 2015

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. One reason may be that they haven’t made the paradigm shift as to how to implement lean. These metrics should be reviewed frequently to ensure supply chain success.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Supply Chain Planning Software Waste Reduction Lean 120

Supply Chain Shaman

MAY 3, 2015

We are systemically evaluating each industry in the Supply Chain Insights Metrics That Matter series of reports. Advanced Planning Systems(APS), focused on projects in lean and flow, and driven maturity programs for Sales and Operations Planning. Finance needs education. At Supply Chain Insights , this is our passion.

Inventory Reduction 150

Inventory Reduction Supply Chain Design Software Supply Chain Planning Software Inventory Management Software 150

GlobalTranz

JUNE 1, 2015

Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? Lean Manufacturing Planning and Implementation.

Manufacturing Procurement 120

Manufacturing Procurement Waste Reduction Agile and Lean Supply Chain Inventory Reduction 120

Kinaxis

APRIL 10, 2019

I use the classic LEAN technique of basically going through and looking at your processes and doing value stream mapping. I’m a very firm believer in training and education. So I try and incorporate people into this. I think that’s one of the better tools out there. So let’s get the standard parts in first.

Supply Chain Planning Software 149

Supply Chain Planning Software Supply Chain Planning Forecasting Software Modeling Software 149

Supply Chain Game Changer

NOVEMBER 11, 2018

My educational background includes a diploma in Industrial Engineering and a Business degree. Then I went into Contract manufacturing and gained some great exposure to lean, became black belt certified and saw what best in class Supply Chain operations really looked like. Have balanced, relevant and valid metrics.

SCM 43

SCM Supply Chain Planning Software Buyer Training Supply Chain Software 43

Supply Chain Action Blog

JULY 8, 2021

Amanda has been using some of the common metrics for forecast accuracy, including MAPE (mean absolute percentage error) and weighted MAPE, but the statistical forecast doesn’t seem to improve and the qualitative inputs from marketing and sales are hit or miss. What metrics should I use to measure forecast accuracy?

Forecasting 40

Forecasting Forecasting Software Optimal Sourcing Modeling 40

Supply Chain Opz

AUGUST 1, 2018

The statistical thinking was embedded in many business practices such as TQM (total quality management), lean manufacturing and 6 Sigma. In the education sector, statistical thinking is becoming more important day by day. Foreman Keeping Up with the Quants: Your Guide to Understanding and Using Analytics by Thomas H.

Analytics Software 100

Analytics Software Big Data Analytics Lean 100

Supply Chain Opz

DECEMBER 6, 2017

The statistical thinking was embedded in many business practices such as TQM (total quality management), lean manufacturing and 6 Sigma. In the education sector, statistical thinking is becoming more important day by day. Foreman Keeping Up with the Quants: Your Guide to Understanding and Using Analytics by Thomas H.

Analytics Software 100

Analytics Software Big Data Analytics Lean 100

Supply Chain Shaman

FEBRUARY 25, 2016

There is a belief that the efficient response—the tightly integrated lean supply chain—defines supply chain excellence. To move forward, and gain consensus, requires the education of the finance team on demand-driven and market-driven concepts. The supply chain is reacting on late data with a low level of insights.

Supply and Demand 150

Supply and Demand Prescriptive Analytics Software Supply Chain Design Software Supply Chain Planning Software 150

SYSPRO Smarter ERP

OCTOBER 18, 2022

The way that digitization practices are capable of gathering, measuring and analyzing data is crucial to ensuring the future of the metal fabrication industry — these metrics not only shine light onto overall efficiency, but they also allow for greater transparency when it comes to evaluating employees’ skills and overall productivity.

Trends 98

Trends Industrial Industry Cost Reduction Strategies 98

SupplyShift

MAY 27, 2021

Interestingly, Sonya has noticed that many companies who started their supply chain emissions journey by setting ambitious absolute targets are now leaning towards engagement targets, often at the request of their procurement teams. Close collaboration like this also has the benefit of strengthening commercial relationships if done well.”.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software 52

ThroughPut

AUGUST 25, 2020

What are the performance measurement metrics on the path to achieving those goals? They would need to educate them on the process and the benefits of continuous improvement using tools such as visual management, 5S, Kanban, etc. Click here to read more about the key drivers for Lean Continuous Improvement.

Continuous Improvement 52

Continuous Improvement Waste Reduction Resource Reduction Manufacturing 52

Parade

MARCH 18, 2021

Kinetic is committed to helping freight tech companies stand out by educating transportation providers on their freight tech options. And you can lean on predictive analytics to forecast future rates across the board. Use proxy metrics like load-to-truck ratios and tender reject data to assess carrier supply and demand.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Kinetic is committed to helping freight tech companies stand out by educating transportation providers on their freight tech options. And you can lean on predictive analytics to forecast future rates across the board. Use proxy metrics like load-to-truck ratios and tender reject data to assess carrier supply and demand.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

Parade

MARCH 18, 2021

Kinetic is committed to helping freight tech companies stand out by educating transportation providers on their freight tech options. And you can lean on predictive analytics to forecast future rates across the board. Use proxy metrics like load-to-truck ratios and tender reject data to assess carrier supply and demand.

Benchmarking 78

Benchmarking Forecasting Software Predictive Analytics Software Analytics Software 78

SupplyShift

MAY 27, 2021

Interestingly, Sonya has noticed that many companies who started their supply chain emissions journey by setting ambitious absolute targets are now leaning towards engagement targets, often at the request of their procurement teams. As Sonya of CDP mentioned, reducing Scope 3 emissions is only possible with robust supplier engagement efforts.

Resource Reduction 40

Resource Reduction Cost Reduction Strategies Supply Chain Planning Software Supply Chain Design Software 40

6 River Systems

NOVEMBER 25, 2020

By using the right automation in the right areas of your business, it’s much more likely to become a scalable asset due to the fact that you’re more likely to run a lean operation and stay efficient. Manny loves to travel all over the world and write about his experiences on his personal blog, Embarky.io.

Cost Reduction Strategies 52

Cost Reduction Strategies Inventory Reduction Waste Reduction Resource Reduction 52

Logistics Bureau

NOVEMBER 16, 2020

If you have the ability, time, and money for tertiary education, that’s really good. Recommend ways to enhance performance metrics such as inventory, delivery, and overdue orders. The most important proficiency required for this job is a thorough understanding of the lean & Six Sigma principles. Supply Chain Coordinator.

Supply Chain Planning Software 96

Supply Chain Planning Software Supply Chain Design Software Negotiating Skills Buyer Training 96