Remove Books Remove Continuous Improvement Remove Inventory Remove Manufacturing
article thumbnail

Lean Six Sigma for SMEs: A Path to Continuous Improvement

SCMDOJO

In today’s fiercely competitive business landscape, the quest for continuous improvement has become imperative for small and medium-sized enterprises (SMEs) to thrive. – Operational improvements (reduction of lead time, increase in productivity, and reduction in work-in-process inventory, etc.).

article thumbnail

Can Manufacturers be Both Lean and Resilient?

Logistics Viewpoints

Lean speaks of the seven wastes: overproduction, unnecessary transportation, inventory, motion, defects, over processing, and waiting. Lean initially became a popular continuous improvement methodology because of Toyota’s emergence as a leader in the automotive industry. The book was published in 1991. It does not.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What is Work in Process (WIP) Inventory? Formula & Methods

Unleashed

Work in process (WIP) inventory is typically found in manufacturing environments where goods undergo various stages of processing before being sold or used. Tracking WIP inventory is important for monitoring production efficiency, identifying bottlenecks, and managing costs within the manufacturing process.

article thumbnail

Multi-echelon Inventory Optimization – guide for 2024

ThroughPut

Managing inventory in a supply chain is complex due to issues like downtime, delays, and demand fluctuations. Multi-Echelon Inventory Optimization (MEIO) is the solution, offering a sophisticated approach to optimizing stock levels, reducing costs, and improving service. What is Multi-Echelon Inventory Optimization?

article thumbnail

How Manufacturers Can Benefit From The Theory Of Constraints

IQMS

Goldratt’s classic book, The Goal regarding how manufacturers can benefit from the Theory of Constraints (TOC). What makes this book a must-read for anyone in manufacturing is how effectively it shows how constraints can also provide the needed data and insights to achieve greater process improvements.

article thumbnail

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

GlobalTranz

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. You can download our first e-Book, "The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries" here.

article thumbnail

Gaining Clarity on Inventory Effectiveness

Supply Chain Shaman

I was moving from a position where I led a manufacturing operation to being a part of a team to design supply chain software to improve planning decisions. I was moving from the world of manufacturing to a new world of software. The technology world moves at a quicker pace than the world of manufacturing and distribution.