SCMDOJO
FEBRUARY 19, 2024
Over the years, various methodologies have emerged to address this need, including lean manufacturing, Six Sigma, and the integration of both known as Lean Six Sigma (LSS). In this blog, we’ll delve into the integrated Lean Six Sigma approach, exploring its benefits, deployment models, moreover the implications for SMEs.
Operations and Supply Chain Management
AUGUST 24, 2020
One landmark in the lean revolution for retailers was Walmart ’s decision in 2006 to thin out inventory by $6.5 Companies that adopted the lean-inventory approach largely omitted tenets of the system that called for having extensive backup plans in case of an event that interrupted plant operations or caused a sudden demand surge.
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Supply Chain Shaman
JUNE 26, 2016
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. Operating Margin.
Supply Chain Shaman
JUNE 15, 2018
Here I show orbit chart comparisons at the intersection of operating margin and inventory turns for the period of 2006-2017. Consistent data is not available prior to 2006.) Pepsico has ceded profitability for inventory turns while Coca-Cola is at the same position in 2017 that the company was in 2006. Not much has changed.
Supply Chain Shaman
OCTOBER 29, 2020
Note the elongation of the cash-to-cash cycle in the chemical industry of 38 additional days when comparing the 2014-2019 averages to the pre-recession period of 2004-2006. In lean terms, we have too much muda (waste) and too little inventory working for us. It is worse in some industries. The average is twenty-five days.
Supply Chain Opz
JANUARY 29, 2020
Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020 Obsolete and out-of-print books are not included. Editor's decision is used to finalize the list of the best books. - The links below are #paid links.
Supply Chain Shaman
JANUARY 28, 2015
In our work on the Supply Chains to Admire report , we tracked the progress of manufacturing, retailing and distribution companies for the period of 2006 to 2013 and 2009-2013. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013. First Phase: 2002-2006. Second Phase: 2006-2014.
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