Remove Continuous Improvement Remove Innovation Remove Inventory Remove Sourcing
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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.).

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Unlocking Success: Why Strategic Sourcing Is Important for Your Company

Precoro

To enhance their competitive edge, companies across industries are adopting a key tactic: strategic sourcing. Strategic sourcing is a holistic approach to supply chain management that includes tactics for optimizing the total cost of ownership, improving supplier relationships, and ensuring long-term value creation.

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Side-step Oxymorons to Make Progress in Planning

Supply Chain Shaman

For example, real-time planning, end-to-end planning, control tower, integrated business planning (IBP), and digital brain are oxymorons while discussions on innovation bounded by a required ROI is a juxtaposition. True innovation is never defined initially by a mandatory Return on Investment (ROI).) What is the role of inventory?

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Innovation in Supply Chain Management: Driving Efficiency and Success

American Global Logistics

In today's rapidly evolving business landscape, innovation has become a key driver of competitive advantage. This article explores the importance of innovation in supply chain management and highlights key areas where innovation can revolutionize traditional practices. Recycling and reuse lend themselves to innovation.

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How AI in Supply Chain Brings Value to Your Business

Logility

But it is setting the foundation for a new paradigm that could cut 70% of weekly planning time, 15%–30% fewer forecast errors, and impressively improved inventory outcomes. It unlocks a realm of possibilities – from continuous improvement through automated data analysis to fine-tuned demand planning and resilient simulations.

Modeling 191
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Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

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Electronics Kitting and Assembly with 3PL Solutions

ModusLink Corporation

By harnessing the capabilities of a global 3PL partner, companies can unlock new possibilities for efficiency, scalability, and innovation in their electronics assembly processes. End-to-end management of component procurement, inventory management, and JIT delivery.