article thumbnail

Six Sigma Tools and Inventory Management

EMERGE App

Growing up in the 1990s, you might have heard the term “Six Sigma” at the dinner table or in the news. Instead, it refers to a quality management improvement process used by large scale manufacturers. In reality, Six Sigma aims to keep product variation and thus defects to a minimum. What is Six Sigma?

article thumbnail

Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Manufacturers Should Focus on This Most Critical Component for Manufacturing Operations Excellence

GlobalTranz

We conclude this two part series about manufacturing operations excellence by consultant Chuck Intrieri, by outlaying why manufacturers should focus on a critical component that will help sustain manufacturing operations excellence for years to come. What is Driving Sustainable Manufacturing Operations Excellence?

article thumbnail

6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement

SCMDOJO

In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!

article thumbnail

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

The Logistics & Supply Chain Management Society

In extreme cases, firms simply state that a product comes from one country when, in actual fact, it was manufactured in a country that is impacted by the higher tariff being imposed. Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources.

article thumbnail

Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). Understanding Lean and Six Sigma Lean and Six Sigma are two powerful methodologies aimed at enhancing organizational efficiency and quality.

article thumbnail

Raw Material Inventory Management: Manufacturer’s Guide

Unleashed

Every manufacturer knows the importance of raw materials – without them, there’s no final product. Raw material inventory management oversees the procurement, handling, and storage of raw materials. It encompasses the processes involved in purchasing, tracking, consuming, and relocating raw materials. Let’s dive in.