article thumbnail

Multi-echelon Inventory Optimization and Lean/Six Sigma

Supply Chain Action Blog

How Lean Thinking Helps. Lean principles are applied to drive out waste. The reduction of lead times and lot sizes through lean in manufacturing has focused on reducing setup time to eliminate waiting and work-in-process inventory, as well as the frequent use of physical and visible signals for replenishment of consumption.

article thumbnail

Multi-echelon Inventory Optimization and Lean/Six Sigma

Supply Chain Action Blog

How Lean Thinking Helps. Lean principles are applied to drive out waste through a reduction of lead times, lot sizes, and activity that does not increase the value of the whole. The Importance of Six Sigma. Six sigma pursues reduced variability in processes. Crucial Tradeoffs for Manufacturers.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Supply Chain Analytics: Benefits, Challenges & Architecture

SCMDOJO

Luckily, supply chain analytics is here to help! By harnessing the power of data and analytics, companies can uncover valuable insights into their supply chain processes, pinpoint areas in need of improvement, and make informed decisions that can boost their bottom line. Key Takeaways What is Supply Chain Analytics?

article thumbnail

How to Sustain a Lean Culture in Manufacturing & Supply Chain

GlobalTranz

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? How can we Continuously Improve Daily and Sustain a Lean Culture and Behavior? Why are we doing this?

article thumbnail

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

Forecasting Cost : Food, fashion, and retail all have seasonal turnover. In order to avoid excess inventory and keep your business lean, you must understand the pace of movement of each product. Overhead Cost : Warehouse Management Systems are expensive, and so are inventory managers. Lean is a new way of doing business.

article thumbnail

5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. He has an MBA from UCLA.

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.