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Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

– Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.). Past, Present, and Future of Lean Six Sigma: Snee and Hoerl (2007) recommended many companies have focused on lean or Six Sigma, but rarely on both, as their improvement approach. Hoerl, R.W.,

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How We Stubbed Our Toe in The Evolution of S&OP

Supply Chain Shaman

I wrote my first report on Sales and Operations Planning (S&OP) while sitting on the floor in the Atlanta airport in 2005 when I was an AMR Research analyst. Sales and Operations Maturity Model from 2005-2008. Industries carried on average 32 days more inventory in 2020 than in 2007. (I Let me explain. Mistake #3.

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Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” Inventory is the culmination of many business decisions. Tracking Progress.

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Walmart and the Past, Present, and Future of RFID

AB&R

Walmart’s RFID journey Walmart announced in 2003 that its top 100 suppliers must tag their pallets and cases starting by 2005. The initiative was officially put on hold in 2007 as a result. When Walmart first attempted RFID, distributors kept the EPC-tagged items separately from the rest of their inventory.

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Inflation is Back Up – Are you Ready?

Herlitz Inventory Management

Growing up with a father who developed inventory management software for a living spawned some interesting conversations around the dinner table. It hasn’t been lost here at Herlitz Inventory Management! Since 2009, when Herlitz Inventory Management was founded, annual inflation has been below 3 percent in the US. War on Terror.

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Walmart and the Past, Present, and Future of RFID

AB&R

Walmart announced in 2003 that its top 100 suppliers must tag their pallets and cases starting by 2005. The initiative was officially put on hold in 2007 as a result [2]. When Walmart first attempted RFID, distributors kept the EPC-tagged items separately from the rest of their inventory. Walmart’s RFID journey.

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Measuring Up?

Supply Chain Shaman

In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. When this happens, we find that the organization is more aligned and perform(s) better on the Supply Chain Metrics That Matter –growth, inventory turns, operating margin, Return on Invested Capital (ROIC). (We