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. What is Lean Inventory Management? Pull (Lean principle: Kanban) : Move inventory only when requested by customer.

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What Is Lean Manufacturing

The Supply Chain Journal

Managers and directors within the supply chain and logistics distribution industry today are in a constant battle against waste. Time, resources, man-hours, supplies, and capacity are just some of the critical areas where an approach known as lean manufacturing is vital.

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Understanding Lean and the 8 Wastes

The Logistics of Logistics

Understanding lean and the 8 wastes is important for all operations people including logistics and supply chain folks. The concept of lean (and the 8 wastes) originated in the manufacturing sector where it was first recognized that eliminating waste in the system led to much bigger profits. Henry Ford and his team at Ford Motor Company discovered lean along with the assembly line, even though they didn’t necessarily use the term lean. Excess Inventory.

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Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

GlobalTranz

Lean is a new way of doing business. For shippers, culture and behavior have to change to apply Lean Transportation thinking. Lean thinking focuses on the elimination of all waste (where waste is defined as any non-value added process) and bringing value to the customer , beyond the customer’s expectations. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE.

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How to Sustain a Lean Culture in Manufacturing & Supply Chain

GlobalTranz

Today I will discuss how a company can sustain a lean culture once they have implemented lean practices in order to achieve continuous improvement. Your company has started the lean journey, but how do you sustain it? Let's first talk about first setting the stage, then give you practical practices and tactics to achieve a sustainable lean culture, and then provide core key performance indicators (KPIs) to track your progress. Lean Culture by Creating "Standard Work".

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Lean Manufacturing: Is it Really Worth It? 16 Big Benefits Say, “Yes.”

GlobalTranz

Lean systems have provided a formidable operating strategy for leaders determined to achieve and maintain optimal operational systems and customer satisfaction levels. There are multiple good models for lean manufacturing operations. Who Needs Lean Manufacturing? A company in need of lean manufacturing practices tends to be easy to identify, typically displaying multiple of the following symptoms of operational deficiency: Inventory amasses in buffer stocks.

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

GlobalTranz

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. In the first part I put forth 6 areas of focus in order to reduce logistics costs. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Try using a Vendor Managed Inventory (VMI).

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Lean Warehousing

LeanCor

Lean Warehousing – From Paradox to Operational Excellence. Before we start talking about Lean Warehousing, can you tell us a little bit about LeanCor Supply Chain Group? As a third-party logistics provider, LeanCor offers a unique combination of third-party logistics services, hands-on consulting, and training and education that helps organizations eliminate waste, drive down costs, and instill a problem-solving culture across their supply chains.

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Applying Lean 6 Sigma Principles to the Supply Chain

Logility

Fifteen years ago, I worked for a company that embraced Lean 6 Sigma as a core operating fundamental. Just about every member of the management team was a Lean 6 Sigma Black Belt and many had attained a level of Master Black Belt. As Director of Logistics and Planning, part of my responsibilities were to manage our relationships with outsourced manufacturing partners including quality. Today, Lean is a concept, a philosophy, a practice and a set of tools all wrapped in one.

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Lean Manufacturing

LeanCor

A Systems Approach to Inventory Management. Inventory Management. Lean principles focus on eliminating waste from business processes. Inventory is not isolated to raw materials and finished goods. Companies will carry inventory masquerading as service parts, repair items, administrative suppliers, automobile fleets, and a host of other types of assets that are managed by setting and maintaining certain levels. Inventory Management Processes.

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Lean Six Sigma

LeanCor

What is Lean Six Sigma Logistics? Lean Six Sigma is the combination of two methodologies that complement one another when applied to logistics and supply chain management. Lean Six Sigma Logistics: Lean and the Logistician. The impact of Lean on the logistician is significant. A common misconception of Lean philosophy is that it only finds application in manufacturing settings. Lean Six Sigma Logistics: Six Sigma and the Logistician.

Using Lean to Manage Inventory!

Supply Chain Game Changer

Check out A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! 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. Subscribe Here!

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Lean Logistics and Material Flow: The Importance of Continuous Improvement

LeanCor

Manager, Lean Supply Chain Operations. Lean logistics aims to reduce inventory levels and create flow within supply chain networks. For supply chains looking to obtain one-piece flow lean logistics processes must be in alignment with purchasing and inventory strategies among other processes within a firm or supply chain network. Lean Logistics Journey. By: David Sherman, CTL.

26 Best Practices in Lean Warehousing

LeanCor

Many people may think the term “lean warehousing” is an oxymoron. Let’s face it, most lean purists believe that all transportation and warehousing functions are pure waste. Many organizations see logistics functions as a way to gain competitive advantage and bring value to the customer. The use of facilities for inbound material logistics and outbound finished goods distribution are the bridges that connect all the imbalances and lack of flow in the entire stream.

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Embrace Lean Warehousing Practices in 2017

Talking Logistics

From the electricity powering the lights to the labor costs of each order picked, embracing “lean” principles is one of the few proven ways that a company can fight back from its bottom line. One of the core concepts behind lean is the need to look closely at operations within your warehouse, and never fall into the trap of complacency — even if things seem functional at the moment. Apply Lean to Your Physical Assets. Apply Lean to Your Processes.

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Supply Chain Shifts From Lean Model

AB&R

With the supply chain’s lean model, many retailers were not able to respond to the sudden changes in demand. Costco’s recent acquisition of logistics company, Innovel, echoes these findings. The post Supply Chain Shifts From Lean Model appeared first on AB&R.

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Inventory Optimisation: How Much Stock is Right for Your Company?

Logistics Bureau

Among the universal challenges that the COVID-19 pandemic has imposed upon the supply chain management profession is the question of inventory, specifically, “how much is enough?”. It wasn’t long ago that businesses were asking, “By how much can I reduce my levels of inventory?”.

5 Ways to Optimize Your Logistics & Transportation with Lean

Arkieva

Are you using lean in your logistics and transportation management? Lean is a new way of doing business. The transportation company’s culture and behavior should change to apply Lean thinking. Lean thinking focuses on the elimination of all waste to bring value to the customer, beyond the customer’s expectations (where waste is defined as any non-value added process). The goal in Lean Transportation is to use the ‘Eight (8) Right’s: Right Materials.

Introducing Lean In Retail … Start in the Backroom!

Supply Chain Game Changer

Check out 10 Signs You Should Reboot Your Lean Program! I decided that I would introduce Lean process improvement techniques to this company. I came from a Manufacturing, Operations and Supply Chain background so I spent a career surrounded by the application of Lean methodologies. However when I started the discussion around deploying Lean at this Retailer virtually everyone had no knowledge of what Lean was. 5S is a basic but very powerful Lean technique.

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Using Lean Management for Inventory!

Supply Chain Game Changer

Why Agility is Trumping Lean! Lean management article originally published by Veridian at [link] Permission to publish here provided by Jason Rosing. What is Lean Inventory Management? What is Lean Inventory Management? Subscribe Here! Email Address.

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Lean Supply Chain: The Culture That Must Be Fully Embraced

LeanCor

By: David Sherman – Lean Logistics Specialist. By maintaining lean practices and instilling lean cultures into their employees and work environment firms are able to realize this success. These lean practices and cultures lead to firms transforming their habits based on customer demand rather than by supplier constraints. What is the lean supply chain? How does the lean supply chain function? So, what stage of lean is your firm currently in?

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The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

GlobalTranz

Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. Agile = The New Lean. Another key player in the 2016 state of supply chain report was the move away from rigid, lean processes to agile methodologies.

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Which Warehouse Locations Are Lean and Lucrative?

Supply Chains Rock

fearful factors that business owners and logistics managers have to deal with, one of the things they dread the most is idle inventory. the term idle inventory just exudes negativity. Of all the. As if supply chains aren’t boring enough as it is (or so people. think!), No company, whether mom and pop sized or international corporation sized, is ever. content with anything business-related

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Inventory Management

LeanCor

Inventory management, network infrastructure, and labor deployment are all critical components necessary to meet this intense customer demand. Inventory Management Strategy. If we’re going to get inventory into consumer hands the same day they place the order, the inventory has to be 1) available and 2) less than 8 hours away. This requires us to push the boundaries of current inventory management practices, or hold lots of inventory network-wide.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization can help overcome these errors to a large extent.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

What is Inventory Optimization? It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory. Inventory optimization can help overcome these errors to a large extent.

How Lean Warehousing Can Ease Your Carrier Capacity Pain

LeanCor

Lean Warehousing: By: Clint McCrystal – Team Leader of Operations. Ask anyone in transportation management/logistics/supply chain and they will affirm this statement. One specific type of lean warehousing that one of our customers has available to them comes in the form of a cross-dock. This cross-dock allows our logistical engineering team to help their supply chain control flow, improve delivery timing, reduce transportation and increase stability.

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Lean Defined: What is Waste? (In Logistics)

LeanCor

Lean Defined: What is Waste? (In In Logistics). The first step in lean thinking is to understand what is value and what activities and resources are necessary to create that value (“value-add”). ” Lean practitioners use the Japanese term “ muda ” when referring to waste, although they have typically done so in a manufacturing context. Transportation : Transportation in excess of what is required if inventory and flow exist in the network.

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How does eCommerce Affect Inventory Management?

EazyStock

Better Inventory Management for eCommerce. As more and more businesses sell online, they are starting to see the impact that eCommerce has on their inventory management operations. In this post we discuss how eCommerce is affecting inventory management strategies.

Balancing the inventory equation

EFT

Professionals in the sector are therefore taking a fresh look at the levels, management, and positioning of inventory. A fresh look at inventory management. Cutting the cost of carrying inventory.

Lean Leadership: The Importance of Having All the Information

LeanCor

Information is one of the greatest assets for people pursuing lean leadership, yet we often get so engrained in maintaining the day-to-day operations that we forget to gather all appropriate information, often resulting in wasted time, excess inventory, defects, and ultimately money. If you are pursuing lean leadership then you will recognize that it is important to reduce this waste in lack of information.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

So why do we feature content related to Vendor Managed Inventory? In a VMI model, part of the equation is the inbound & outbound flow of the inventory. Inventory is then put on pallets and shipped as freight. Distributors will inbound to a manufacturer the inventory needed and transportation management, especially inbound freight management, efficiency is paramount to an effective vendor managed inventory model. We never ran out of or had too much inventory.

Final Mile Integration: Data Enables Inventory Management & Replenishment

GlobalTranz

Unlocking cost reductions in logistics implies a direct need to improve warehouse and facility inbound logistics and outbound order fulfillment. Unfortunately, inventory control remains at the fringe of proactive logistics management.

How to Beat Your Pharma Inventory Management Challenges with OTIF?

Roambee

A pharma giant recently overcame its supply chain security and inventory management challenges and optimized their logistics using the power of real-time logistics visibility. This article aims to highlight the importance of a battle-tested pharma inventory management system.

EMC runs a lean operation: Playing hockey with doughnut holes

Supply Chain View from the Field

” To cope with this hockey stock effect, EMC has a highly lean and flexible manufacturing facility. They also use a “inventory train” concept – which is a cart with rolling stock. Customer Relationship Management Design for Supply Chain Inventory Management Logistics I had the opportunity to visit EMC’s manufacturing facility in Apex, NC this afternoon.

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