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Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

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Employing this S.M.A.R.T. Technique with a Logistics Company to Create Total Stakeholder Satisfaction

GlobalTranz

Cerasis is squarely focused on transportation management through technology and managed services , however, there are logistics companies who offer fulfillment, warehousing, freight forwarding, and more. Consider Six Sigma quality will be used and measured. To achieve Six Sigma, a process must not produce more than 3.4

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The Most Reliable Supply Chain…Without Technology?

GlobalTranz

Do you carry too much inventory? They have it down to a science, and they really must all work together to maintain their six sigma performance. They have managed to achieve (not fully knowingly), six sigma rates with very little technology—and no automation. Are orders being missed? Is your lead time too long?

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

For example: Inventory Record Accuracy has to be 98-100% accurate daily. The Transportation Management System (TMS) of the 3PL can gain rewards for both parties as well through freight optimization. All KPIS have a target percentage to meet. All KPIS have metrics to measure. Effective KPI Management Requires Periodic SLA/KPI Review.

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DDMRP: The future of managing supply and demand?

Procurement Academy

Demand-driven material requirements planning (DDMRP), introduced just over a decade ago, is a fusion of five existing methodologies: Core MRP, Distribution Requirements Planning (DRP), Theory of Constraints (TOC), Six Sigma, and Lean.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

It involves outsourcing logistics activities, such as warehousing, transportation, distribution, inventory management, and order fulfillment, to a dedicated logistics service provider. By leveraging their capabilities, businesses can reduce transportation costs, optimize inventory levels, and minimize warehousing expenses.

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Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

The simplified assumptions allow companies “to manage margins, supply chain costs, and inventories”, but “it does not enable them to manage enterprise costs, profit, and working capital.” The executive meeting will generate lean six sigma projects where analysts are tasked with going out and discovering more granular costs.