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? We want to help our customers succeed in their quest for lean and operational excellence. Relative to our topic today, Lean Warehousing, is it a big part of your operations? What we know for sure is that lean warehousing, just by the nature of the term itself, can be a paradox at best.

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

Cerasis

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

Cerasis

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

Cerasis

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. Inventory cost is defined as the cost of holding goods in stock. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand Data Integrity to Reduce Inventory Costs. Source: [link].

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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. The fact is, particularly with the growth of the global supply chain and extended lead times, lean warehousing is necessary and plays a critical role and must be integrated into the entire supply chain. At LeanCor, we look at the term lean warehousing from two vantage points, or two cases.

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The Value of Lean Supply Chain Management

LeanCor

Lean Supply Chain Management. Lean supply chain looks to reduce waste and inventory levels so that the volatility and risk is minimized with shorter lead time(s). As companies have sourced suppliers further and further from operations, there has been an increase in lead time and inventory trapped within the supply chain, as this happens, the bull whip affect occurs.

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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. ” As new warehouses are developed and supply is increased, having visibility into what inventory and assets companies have, and where they are located will become even more vital. Sources: [link]. The post Supply Chain Shifts From Lean Model appeared first on AB&R. The last few months have put the supply chain to the test.

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

Cerasis

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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Metrics that Matter: Inventory Effectiveness

QAD

The effective use of a manufacturer’s inventory investment is an important determinant of the company’s success. Excess and obsolete inventory is a drain on resources, as is excessive safety stock. Managing an Inventory Investment. Inventory effectiveness measures the process that delivers the right part to the right place at the right time, while minimizing investment and meeting customer requirements. Best Practices for Inventory Effectiveness.

3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy

Unleashed

Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned stock-outs, the shipping of wrong products to customers, wasted resources trying to locate misplaced items and inventory shrinkage.

Sales, Inventory & Operations Planning – What It Is and How to Operate

USC Consulting Group

Sales, Inventory & Operations Planning (SIOP) is a dynamic process in which the company’s operating plan is updated on a regular monthly or more frequent basis. Sales, Inventory & Operations Planning is done on an aggregate or family level, and covers a sufficient span of time to make sure that the necessary resources will be available. Objectives of Sales, Inventory & Operations Planning. Prerequisites for Performing Sales, Inventory & Operations Planning.

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

Cerasis

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.

Inventory Management vs Product Information Management (PIM)

Supply Chain Game Changer

The list is long: Inventory management is handled through your ERP Your product development team works through the PML Sales and marketing are housed in the CRM And it feels like half the company is still managing product data in spreadsheets. And, of course, inventory. Subscribe Here!

Lean Supply Chain Management

The Lean Supply Chain

Introduction Lean supply chain management is not exclusively for those companies who manufacture products, but by businesses who want to streamline their processes by eliminating waste and non-value added activities. Companies have a number of areas in their supply chain where waste can be identified as time, costs or inventory. Lean Manufacturing. Quality is an important part of lean manufacturing. Source : [link].

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Lean Defined: What is Waste? (In Logistics)

LeanCor

Lean Defined: What is Waste? (In 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. Quality can always be improved if the focus is on quality at the source and mistakes are not passed down the supply chain.

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4 Supply Chain Areas to Examine in the Face of Disruption

QAD

The desire is to create flexible sourcing and connected supply chain networks that effectively respond to customers’ issues and expectations. With the technology available today and quicker access to information, more precise demand tracking and monitoring allows for appropriate and timely adjustments to better meet customer demands and reduce inventory levels. Reevaluate Lean Inventory.

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Sourcing Offices: a shift of paradigm

KEPLER Consulting

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

What is Vendor Managed Inventory? How to Make VMI Work

My Office Apps

What is Vendor Managed Inventory? Looking to streamline your supply chain and reduce inventory costs? You might want to look into Vendor-Managed Inventory (VMI). Vendor Managed Inventory is a business arrangement where the vendor of a product takes responsibility for making sure the buyer has the agreed inventory. Lean inventory levels – VMI allows your vendors to supply in-demand goods at the right time. The post What is Vendor Managed Inventory?

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

Below I will outline how a vendor managed inventory model, in conjunction with reverse marketing, value analysis, and collaboration will achieve supply chain cost reductions. Vendor Managed Inventory Model for Supply Chain Cost Reductions. A means of optimizing Supply Chain performance in which the manufacturer is responsible for maintaining the distributor’s inventory levels. The distributor maintains the inventory plan.

Parts Are Not Parts

Supply Chain Shaman

A slight change within a function–in sourcing or manufacturing, or along the chain–can greatly impact the outcomes of cost, customer service, or working capital. Today, over 90% of companies have deployed ERP and APS, but as shown in Table 1, inventory levels have grown not decreased in over 80% of industries studied. Days of Inventory by Industry Across Years. Let’s take a closer look at sourcing. This includes: Prioritized Inventory Actions.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

A strong Sales, Inventory, and Operations Planning (SIOP) process and culture will provide the information you will need to communicate quickly changing demand and depleting inventory levels to your supply base. Focus on strategic sourcing. Strategic sourcing focuses on the development of long-term supply relationships for operationally critical products and services. Increase your inventory.

Can Your Inventory Control System Support Seasonal Demand?

LeanCor

How can companies calculate the right inventory quantity and send it to the right place at the right time with such seasonality involved? Don’t be fooled by the scary mask – it is possible through rigorous supply chain planning, a sufficient inbound and outbound logistics network, and a supporting inventory control system. Here are 3 tips to help you develop an inventory control system based on flow to the customer: 1. Where will you keep the inventory?

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It’s Time to Revisit Vendor Managed Inventory

synchrono

A few decades ago, Vendor Managed Inventory (VMI) was a hot topic. Many manufacturers saw it as a way to reduce inventory levels and costs. If they could get their suppliers to maintain ownership of raw materials or subcontracted components until consumed, inventory levels would naturally drop—on paper anyway. And if the forecast was overstated, the manufacturer didn’t need to worry about excess vendor-managed raw material or contracted-components inventory.

What is Inventory Management?

EMERGE App

What is Inventory Management? Inventory management, in a nutshell, describes your efforts to manage, assess and report on the flow of your stock of goods. You might be using pencil-and-paper, spreadsheets or sophisticated inventory management software to do this. Nowadays it refers to inventory management software because computational power is needed to effortlessly calculate, for example, landed costs for purchases and CBM for your packing lists.

How Artificial Intelligence and Global Economic Factors Affect Inventory Optimization

ThroughPut

Through the targeted use of Artificial Intelligence (AI), Machine Learning and other technologies, leading global innovators are constantly trying to enhance the effectiveness of their inventory management. What one can’t ignore, however, is all the external factors that also directly, and indirectly, affect inventory processes.

ThroughPut Inc. Appoints World-Renowned Just-in-Time, Lean & Kaizen Expert Mr. Takao Sakai to Executive Advisory Board

ThroughPut

the Artificial Intelligence (AI) Supply Chain pioneer that enables companies to detect, prioritize and alleviate dynamic operational bottlenecks just-in-time today announced the appointment of global lean & Just-In-Time expert, Mr. Takao Sakai, to the Executive Advisory Board. and as the Founder of Lean X. SOURCE ThroughPut Inc. Appoints World-Renowned Just-in-Time, Lean & Kaizen Expert Mr. Takao Sakai to Executive Advisory Board appeared first on ThroughPut.

Fast Forward Your Business with Inventory Management Best Practices

EMERGE App

How about taking a hard look at what you’re currently doing with inventory for your business? So, regardless of your business size, we know and truly understand your pain points about dealing with inventory in all shapes and sizes. Here are some no-nonsense, hard-hitting inventory management best practices you can implement RIGHT NOW for your business! Inventory Management Best Practices. Deadstock is the bane of every business dealing with inventory.

Going Lean: Should You Replace Your ERP System?

synchrono

At some point in their Lean journey, nearly every manufacturer faces the same decision: Do you take the time to fix or replace your broken ERP systems or just keep working around them? The challenge is that Lean Manufacturing, which unquestionably can help manufacturers achieve a wide variety of bottom-line benefits, requires a pull-based approach that is tied to customer-demand (throughput). You just need to overcome the inherent shortcomings of ERP in a Lean environment.

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Navigating Automotive Disruption: Eliminate Bottlenecks in your Supply Chain and Lean-out Operations to free-up Working Capital for R&D

ThroughPut

As Shingeo Shingo, a pioneer of Lean Manufacturing, who also formalized the Toyota Product System (TPS) process, said, “The most dangerous kind of waste is the waste we do not recognize.” Where can you free up more working capital from inventory? How do you increase your cycle times and inventory turns? Or said otherwise from an Operations Perspective, mapped alternatively as: 1) Inventory, 2) Defect Rate, 3) Cycle time, 4) Uptime, 5) Changeover.

The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.

synchrono

When it comes to ordering materials and components, managing inventory levels, or organizing the delivery of finished goods to customers, companies are forced continually to chase business partners – mostly suppliers, logistics companies, and retailers – via a messy stream of emails, phone calls, and even faxes. The result is a single – visible – version of the truth that enables a more compliant, consistent, Lean, and waste free supply chain.

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LEAN ACCOUNTING V. TRADITIONAL ACCOUNTING

The Lean Supply Chain

Lean Accounting is the export of the Lean philosophy to the accounts of a business entity. The essence of the Lean philosophy is getting increasingly better results through the application of tools and approaches for the elimination of waste that is not strictly necessary to provide added value to the customer. This is a concept designed to better reflect the financial performance of a company that has implemented lean manufacturing processes.

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A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

A “Don’t Touch” Strategy will Dramatically Lean out your Supply Chain! As we articulated in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! According to the Lean philosophy any activity that does not transform goods and add value that an end consumer will pay for should be considered waste. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Industry 4.0 getting whipped

Supply Chain Movement

Or might we be returning to old supply chain principles that vanished in the era of mass production – a ‘make-to-order’ culture marked by personal service, bespoke products and minimal inventory? The distortion leads to wrong decisions about inventory and throughput, which impacts every link in the extended supply chain. They almost always lead to excess inventory and require humans to fine tune them over time.

Netsuite Expands Cloud-Based Inventory Management with New Demand Planning Capabilities

Supply Chain Network

Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inventory. allowing companies to tightly align sales forecasts with inventory replenishment plans. This supports businesses with minimizing excess inventory, eliminating stock outs, and improving customer satisfaction.