Remove Inventory Remove Lean Remove Michigan Remove Procurement Analytics
article thumbnail

5 Reasons Why You Need to Stick with Lean Manufacturing Principles

USC Consulting Group

One of the most successful and widely utilized in the manufacturing sector is just-in-time inventory. Although not exclusive to manufacturers, lean manufacturing — as it’s more commonly known — is designed to improve process efficiencies by minimizing waste and maximizing output, producing just enough volume to sell quickly.

article thumbnail

Let the Design Begin…

Supply Chain Shaman

It was held at the University of Michigan in Ann Arbor. On Wednesday, the theatre at the Michigan League was bursting at the seams to hold over 500 attendees. It could no longer be just about inventory levels. This analysis needed to be completed monthly and fed to newer forms of inventory optimization technologies.

Insiders

Sign Up for our Newsletter

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

article thumbnail

7 Best Supply Chain Books of All Time

Supply Chain Opz

Anyway, the access to this database costs an arm and a leg. Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Ranking of Supply Chain Books We're sure some of you've been using Google Scholar to find related publications. The links below are #paid links.

article thumbnail

Supply Chains are Critical for a Great Customer Experience

Enterra Insights

Customers don’t want to think about supply chains; they just want great purchasing experiences. Bob Trebilcock, editorial director of Modern Materials Handling , reports Todd Walker, a spokesperson for Amazon, claims, “Everything at Amazon starts with the customer, and we work backwards from there.”[1]

article thumbnail

Podcast: Rob Handfield on Suppliers, Data, Tech, and Talent

Requis

In the 1990s, purchasing managers were focusing on how to beat up their suppliers in order to buy cheaper. Meanwhile, salespeople for suppliers were trying to work around procurement. On every screen there were moving graphical visualizations of material inventory. Almost all the student projects were related to analytics.

Data 52
article thumbnail

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Two Essential Features of Inventory Management Today.

article thumbnail

Ten Supply Chain Predictions for 2023

NC State SCRC

These predictions are perhaps not completely original – but they represent what I think will be important guidelines for supply chain executives to consider. My colleague Jason Miller from Michigan State is an expert at navigating the many different publicly available government database, and interpreting the tea leaves.