Using Lean to Manage Inventory!

Supply Chain Game Changer

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. What is Lean Inventory Management? Attributes of Lean Inventory Management.

Lean 70

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.

Lean 249

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

KPI 248

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

Developing Standard Work is one of the more difficult Lean Six Sigma disciplines; however, if efficiently developed, it should allow virtually anyone to perform the work without any variance in the desired output.

Lean 237

Warehouse Cost Savings: 5 Key Areas of Focus and 13 Practical Objectives

Cerasis

Reduce inventory with cross-docking or use Kanban pull systems. Target inventory accuracy: goal: 98-100% accuracy daily. Get rid of excess inventory: create a Material Review Board (MRB) to review: obsolete, excess, slow moving inventory monthly. The backbone of Lean Six Sigma methodology, DMAIC ensures sustained, defect-free performance and highly competitive costs.

Supply Chain Management

LeanCor

Beyond the management of physical inventories and information in the domain of logistics is the way that products are developed, marketed, and sold. An Excerpt Taken From the Book, Lean Six Sigma Logistics. Supply Chain Management: Bigger Picture, Bigger Gains.

Demand-Driven Supply Chain Transformation

synchrono

Demand-Dr iven Manufacturing incorporates the best of Lean manufacturing, Theory of Constraints (TOC), and Lean Six Sigma principles. End-to-end Visibility for Real-time Coordination, Communication, and Commitment.

Outsourcing: The Good, the Bad, and the Ugly – Lessons from Nortel Networks

NC State SCRC

Jeff Townley, former Chief Procurement Officer at Nortel Networks, provided some fantastic insights in my MBA class this evening. That put customers on hold, and then GE guys came in and “over-rotated” on six sigma, and should have focused more on the Big Y of getting rid of some divisions.

4 Common Supply Chain Cost Blowouts

Logistics Bureau

How to fix the problem: Some measures that your company can take to prevent supply chain cost blowouts as a result of inefficiency include: Implement a continuous improvement program, such as lean or Six Sigma. Inventory. Supply chain cost blowouts resulting from poor inventory management are commonplace, even though many companies today try to pull, rather than push inventory through the supply chain.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

We believe that a supply chain leader is defined by both the level of performance on the Effective Frontier (balance of growth, Return on Invested Capital, Profitability and Inventory Turns) and driving supply chain improvement.

Like A Green Lump of Clay….

Supply Chain Shaman

For mature supply chain organizations, it is a natural extension of six sigma. Q: Is it only inventory disrupting the agility resulting from inaccurate forecasts by S&OP? There are seven primary agility levers: Analysis of Form and Function of Inventory: Form of inventory is the decision of what form to hold the inventory in: raw material, semi-finished good or finished good. My iphone buzzed on my nightstand. I groaned. I had gotten to bed late.

Supply Chain Education: What Skills Do Your Staff Need?

Logistics Bureau

We also cover production and manufacturing to some extent, and touch on other functional areas such as human resources and procurement. Continuous improvement methodologies such as Lean and Six Sigma. Inventory management.

The 7 Industrial Data Myths Preventing Your Operations From More Profitability and Productivity

ThroughPut

Just look at your accounting systems, your worker time logs, payroll slips, inventory ledgers, bank ledgers…anything with a transaction date (a recorded) event is data! If the answer is yes, it’s time to get procurement involved.

CommerceHub Hires John Hinkle as Executive VP of Production Systems

Supply Chain Network

In addition to procuring and supporting hardware, software and cloud services for the company, Hinkle will also be managing and negotiating all licensing and handle the company’s inventory of hard and digital assets, including ensuring the viability of enterprise disaster recovery plans and capabilities. He is a Six Sigma Black Belt, a Computerworld Premier 100 Honoree, and an avid theater-goer, especially when his daughter is performing.

TOC for Electric Utility industry.Part 1 - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. The objective of all other improvement initiatives like TPM, RCM, Lean or even Six Sigma is to improve your system efficiency thereby increasing the throughput. The theory helps in identifying the constraints and planning around it to exploit the constraint without piling up the excess inventory for the repair work. Procurement Blog. About Us.