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25 Lean Manufacturing Tools – 5S, Six Sigma & Beyond

Unleashed

Many manufacturers use lean methods to cut costs and improve efficiencies in their business. But ‘lean’ is a very broad concept and the ways that manufacturers ‘go lean’ vary considerably. Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace.

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Cost Centers: How to Understand and Optimize Them

Precoro

For procurement professionals, systemizing and optimizing cost centers is not just a matter of financial management; it's a strategic task for driving efficiency, controlling costs, and enhancing overall performance. In this article, we delve into the intricacies of cost centers and explore strategies for improvement.

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Metrics and Issues to Consider in SQM (Supplier Quality Management) By 5 Big Industries

GlobalTranz

In the first post our long tme guest blogger, Chuck Intrieri of The Lean Supply Chai n, gave us 5 core metrics to evaluate supplier performance using supplier quality management and a 4 step process to execute. Review of SQM Metrics and Issues Across 5 Core Industries. #1: Trend Metrics Collected per Site. Consumer Goods.

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

GlobalTranz

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. 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.

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The supply chain process: Step by step

Taulia

During this step, you first need to decide on supply chain objectives and specify the metrics that will be used to monitor progress toward them. Then, move on to build your supply chain to suit those metrics. The main dichotomy in supply chain models is between lean and resilient.

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5 Ways to Improve Finance Operations for SMBs

Precoro

Management of the company's financial operations requires strong leadership, experience, analytical skills, a deep hands-on understanding of financial principles, and familiarity with the best practices the company has already adopted. After all, purchases are a large part of company finances.

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Formula for Disaster – How the U.S. Formula Shortage Was Shocking  But Not Surprising 

Logility

17 February: The FDA says it’s investigating four reports of illness including one death. 20 April: Yahoo reports that Abbott considers the recall a “short-term hindrance” and maintains its full-year profit estimate. retailers implement purchase limits on infant formula. 10 May: Major U.S. 10 May: Major U.S.

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