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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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Measuring Up?

Supply Chain Shaman

To help, in this post, we provide you with some insights for the period of 2006-2015. In our analysis, only one out of ten companies successfully improves operating margins and inventory turns at the same time. The analysis is for two time periods: 2006-2015 and 2009-2015. The period of 2007-2008 was the great recession.

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Collaboration? When It Comes to Cash-to-Cash, We Don’t Know How to Walk the Talk

Supply Chain Shaman

Inventory, in this time of uncertainty, is the organization’s most important buffer to protect against variability. However, organizations are not good at managing inventory. Cash-to-cash is a compound metric: (Days of Receivables+Days of Inventory)-Days of Payables=Cash Conversion Cycle. Inventory. My takeaway?

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How Can We Heal the Global Supply Chain?

Supply Chain Shaman

In my work tonight, I carefully studied 2006-2015 financial results to select the Supply Chains to Admire winners. Higher percentage of growth than the industry average for the period of 2006-2015. Greater margin performance than the industry average for the peer group for the period of 2006-2015. Inventory Turns.

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VTech: A Story of a Supply Chain Leader

Supply Chain Shaman

I followed his journey during the period of 2006-2011, and wanted to check in with him to gain his insights on the selection of VTech as a finalist in the Supply Chains to Admire research. Inventory Turns. Better performance in inventory turns than the peer group average for the period studied. Operating Margin. About VTech.

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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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And I thought last year’s Top 25 Supply Chain was a surprise

Kinaxis

I am bolder on Samsung, simply because they had the highest 2016 Inventory Turns aside from McDonalds. Three pieces of edgy insights from this: a. My Bold Predictions were not far off. I did call the Nike and Starbucks entry into the Top 10. As well, Samsung was 7th in Peer Voting rank, so the other “185” Peer voters agree with me.

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