Remove Inventory Remove Metrics Remove Shipping Remove Six Sigma
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7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

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Production Management: Definition, Tools, & Processes

Unleashed

Different disciplines are required to facilitate efficient production management processes including scheduling, planning, process improvement, production inventory management, and quality control. Maintain par levels of raw materials and inventory stock used to produce your goods. Estimate budgets for parts and labour.

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

Unleashed

Reduced costs: Reducing waste, upping productivity and managing inventory better lead to lower costs and better cash flow. When combined with lean practices, it becomes Lean Six Sigma. Six Sigma uses the DMAIC cycle to collect data on business processes then use evidence-based decision making to reduce variation and defects.

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The 3 Most Common Warehouse Receiving Challenges – and How to Solve Them

AB&R

Warehouse receiving impacts all aspects of operations, from inventory management to logistics. If not aligned with the changing needs of a growing business, picking, packing, and shipping can shrink its margins. Inaccurate inventory data. Stock shortages, shipping delays, and unfulfilled orders can make customers unhappy.

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

GlobalTranz

Let's talk about the outputs, or desired metrics worth measuring, in each category of what a logistics company might provide. Implementing and sustaining LEAN initiatives : 5S, Kaizen, Kanban and LEAN Six Sigma to bring value to the customer and go beyond their expectations. Consider Six Sigma quality will be used and measured.

Six Sigma 120
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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. All KPIS have metrics to measure. Outputs and measures are put into a Service Level Agreement ( SLA ) with mutually agreed upon win-win, effective Key Performance Indicators (KPIs). All KPIS have a target percentage to meet. 3PL/SLA Skills/Knowledge.

KPI 120
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Managing a Third Party Logistics Partnership

The Logistics of Logistics

This SLA/KPI has to be negotiated and agreed upon by you and your 3PL partner.This negotiation time can take three (3) to Six (6) months. If you do not want to start at the 3PL as a contact customer with a SLA/KPIs, you can ship your goods and become a public account.