Remove Aerospace Remove Automotive Remove Inventory Remove Metrics
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Supplier Quality Management: What it is, 5 Key Metrics to Know & a 4 Step Supplier Evaluation Process

GlobalTranz

The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM. 5 Key Metrics to Use for Scoring Supplier Quality Management (From LNS Research ). The definition of this metric is similar to the way it sounds. Cost of quality.

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Summary of Development and Manufacture Contracts in the Aerospace and Defense Industries

NC State SCRC

Our third contract research paper is by James Wilkinson, focusing on aerospace contracts which typically entail a great deal of risk (as illustrated by the Boeing 737 MAX incident…). The type of contract of interest in this report is for Development and Manufacture contracts in the Aerospace and Defense industries. Description.

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Procurement KPIs & Metrics: What To Focus on and How To Measure

Precoro

Keep reading to learn in detail about the top 13 most crucial procurement metrics, how to track them, and what to focus on to drive the most value to your company. Inventory KPIs: Inventory Aging, Inventory Turnover Ratio. Inventory KPIs: Inventory Aging. What Are Procurement KPIs, and Why Use Them?

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Smart Sensors and the IIoT Improve Manufacturing Efficiency

GlobalTranz

Other applications for the smart sensor and label system include tracking inventories of recently produced goods and reporting the absence of precursor materials or parts. The aerospace industry has seen tremendous benefit from the use of smart sensors, smart labels, and the IIoT. Usefulness Across Multiple Industries. Industry 4.0

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Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Aerospace Industry is characterized by high material costs (about 65-80%). Lean manufacturing concept has been implemented widely in the automotive industry so the case studies about lean manufacturing is very readily available. The answer is that they use the multi-echelon inventory model to solve the problem.

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Supply Chains to Admire: 2016 Results

Supply Chain Shaman

We determine which companies have driven higher levels of improvement (based on Supply Chain Index calculations) and shareholder value (as defined by Price to Tangible Book Value) while outperforming their peer group on growth, operating margin, inventory turns and Return on Invested Capital (ROIC). The Results.

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10 COVID-19 Lessons for a Resilient Supply Chain

DynaSys

This places the focus on supply and inventories (see Takeaways section below). Your Finance department is minding this metric in particular. This is especially viable in a tiered supplier system serving automotive, aerospace, or large industrial concerns. Above all, preserve your cash.