Remove Forecasting Remove Manufacturing Remove Procurement Solutions Remove Six Sigma
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

Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. In one article , Mr. Sorenson points out that IBP works better for small manufacturers than large ones. To begin the journey, GEON needed a better supply chain planning tool.

Insiders

Sign Up for our Newsletter

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

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.

article thumbnail

25 Lean Manufacturing Tools – 5S, Six Sigma & Beyond

Unleashed

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.

article thumbnail

Supply Chain as a Service (SCaaS): A Golden Opportunity for the Supply Chain Industry

SCMDOJO

SCaaS is a technology-driven approach to managing supply chains, offering comprehensive end-to-end solutions for businesses. SCaaS will guide companies to achieve strategic value by improving Manufacturing as a Service, Fulfillment as a Service, and Warehousing as a Service. Let’s delve into this emerging concept.

article thumbnail

Fueling Success: Career in Supply Chain Guide

SCMDOJO

We enable them by providing high-quality supply chain on-demand courses, guides, best practices, tools, and mentoring from industry experts. We have Courses like S&OP deployment, Supply Chain Digitalization , , and Negotiation in Procurement. Eight core competencies stand out, encompassing crucial aspects of SCM.

article thumbnail

Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

In this article, we’ll delve into the benefits and challenges of this powerful tool, and discuss the architecture that’s necessary to successfully integrate it into your business. Cognitive analytics: Cognitive analytics is a powerful tool that relies on artificial intelligence and machine learning to process vast amounts of data.