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

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9 Steps to Establish the Lean Supply Chain: A System of Interconnected & Interdependent Partners

GlobalTranz

Top management knows that lean can add value , but many still haven’t moved past the initial education stage into full-scale lean supply chain implementation. One reason may be that they haven’t made the paradigm shift as to how to implement lean. The Lean Supply Chain is a system of interconnected and interdependent partners that operate in unison to accomplish supply chain objectives. This sets the supply chain pace.

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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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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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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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What is Supply Chain Resiliency?

Logistics Viewpoints

If your company’s supply chain survived 2020 and the disruptions of early 2021, it’s safe to say it has passed the supply chain resiliency test. How To Overcome Supply Chain Disruption. 7 Tips For Building Supply Chain Resiliency.

Supply Chain Shifts From Lean Model

AB&R

The last few months have put the supply chain to the test. 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.

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

GlobalTranz

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. Additionally, the push toward creating a self-sufficient AI is growing stronger among supply chain professionals. Supply Chain

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Vendor Managed Inventory Model for Supply Chain Cost Reductions

GlobalTranz

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. The distributor maintains the inventory plan.

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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Lean Warehousing

LeanCor

Lean Warehousing – From Paradox to Operational Excellence. A conversation and exclusive interview with Tonya Vinas, B2B writer and editor, and Robert Martichenko, CEO, LeanCor Supply Chain Group. Before we start talking about Lean Warehousing, can you tell us a little bit about LeanCor Supply Chain Group? Sure, LeanCor is a trusted supply chain partner that delivers operational improvement and measurable financial results.

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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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Supply Chains and the Circular Economy, Part 2

Enterra Insights

They explain, “It is widely accepted by now that the ‘normal’ supply chains of material use — producing materials, using them, and then discarding them into landfills, other countries, or rivers and seas — are wasteful and damaging to the environment. ”[1] They conclude, however, “Despite the interest, we are a long way from achieving anything like circular supply chains.” The Way Ahead for the Circular Supply Chain.

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?

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3 Questions from Your Future Supply Chain Talent

Logistics Viewpoints

It’s graduation season, so the hunt for critical supply chain talent is more vigorous than ever. We may be known for ensuring we can make and move “stuff,” but ultimately supply chains are human. has proclaimed, “ the new supply chain is sexy.”

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.

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The difference between supply chain and logistics explained

Unleashed

We live in a global economy and that has made the supply chain all the more important – these days partner companies could be anywhere in the world, facing any number of challenges. The difference between supply chain and logistics. What is the supply chain?

2021 Supply Chain and Inventory Management Trends

EazyStock

2021 Supply Chain and Inventory Management Trends for the US. Here we are, one year later, trying to determine the 2021 supply chain and inventory management trends to adopt. Resiliency is now the name of the game for supply chains.

Marketing Supply Chain Solutions Post-COVID: Q&A with ToolsGroup CMO Caroline Proctor

ToolsGroup

There’s still a strong demand for supply chain planning solutions, particularly ones with machine learning capabilities that can help clients rapidly adapt to the changing supplier situations and consumer demand that goes along with major disruptions like this. .

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. The Logistics Bridge Model.

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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Make Your Supply Chains Less Complex – and Less Wasteful!

Talking Logistics

Author’s Note: Below is an excerpt from Moving Up the Supply Chain Maturity Curve: The Process Industry Executive Agenda for 2016 and Beyond , a white paper published earlier this year by Elemica with research conducted by Adelante SCM. Although the research focused on the process industry, the content and recommendations we make apply to companies across all industries that want to make their supply chains more flexible and responsive.

The Most Reliable Supply Chain…Without Technology?

GlobalTranz

Of course, we live in a high technology powered supply chain world, but often, as we noted in our 5 Upfront LTL Tips post, if you don’t remember the basics and best practices, no technology is going to fix those issues, but only make them more apparent. We hope you enjoy this great story about supply chain without technology. . Is your supply chain running as effectively as it should be? Do you carry too much inventory?

What are the best Supply Chain Strategies for 2021

ivalua

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? Many nations are now facing the prospect of new lockdowns which will undoubtedly further impact global supply chains. . Supply Chain Risk Management on the World Stage – Lessons Learned.

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.

Logistics KPIs Case Study: Whirlpool’s Supply Chain and Logistics Success Driven by Effective KPI Implementation

GlobalTranz

We conclude our ongoing series in talking about effective KPI management by giving you a real live Logistics KPIs management case study from Whirlpool's engagement with a logistics service level provider. The Reiterated Importance of Understanding and Managing KPIs in Business and Logistics Management. We hope the following case study shows you the proverbial proof in the pudding of effective Logistics KPIs management. . What core Logistics KPIs would you track?

Intelligent Supply Chain Technologies for the Future!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain Investment Challenges – Real and Imagined! Intelligent Supply Chain technologies article and permission to publish here provided by Dan Weinberger , UN Supply Chain Expert and CEO of Morpheus Network.

Transportation Innovation For a Future-Proof Supply Chain

PINC

Supply chain experts and software leaders converge to discuss the current transportation environment and provide valuable tips on what companies should be doing now to get ready for what’s coming next. . What happens when you bring supply chain software leaders, a Berkeley professor, and a top Gartner researcher together in one “virtual” room to talk about the current and future state of the world’s supply chains? Strengthening Supply Chains.

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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Logistics and Supply Chain

LeanCor

What is “Total Lead Time” in Terms of Logistics and Supply Chain? In logistics and supply chain, total lead time is the sum of all processing time, transit time, and time spent as inventory. Outbound (Customer) Lead Time: In logistics and supply chain, outbound time is the amount of time it takes for a customer order to be received, processed, and shipped to the customer. Raw Material Inventory ADOH.

Profitable Agility and Resilience in Supply Chain Execution

The Logistics & Supply Chain Management Society

The Covid-19 pandemic has confirmed what we already knew: modern supply chains must be built on a foundation of extreme agility and responsiveness. The sudden onset of Covid-19 only reinforced what supply chain professionals had already realized: uncertainty is the only real certainty.

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?”.

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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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.

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