article thumbnail

Why It Matters

Supply Chain Shaman

billion company, located in the southern portion of the United States. A company that is effectively working a supply chain strategy will have a nice, neat pattern at the intersection of operating margin and inventory turns. The companies are similar in size. Sonoco Products is a $4.5 Owens Illinois (OI), a $6.3

Illinois 251
article thumbnail

Changing Mental Models

Supply Chain Shaman

I also had the opportunity to speak at the GHX conference and facilitate a leadership workshop on the required changes for implantable devices. Here are some of the quotes from the workshop I led yesterday that helped me to better understand the industry: “A process born out of chaos is chaos. Generalize procurement of materials.

Modeling 236
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

No Easter Bunny?

Supply Chain Shaman

Stuck at the intersection of operating margin and inventory turns, only 10% of companies are making progress. Unable to power additional year-over-year improvements at the intersection of cost and inventory, companies struggle. Short cycles require buffer inventories and short lead times. Let me explain. Responsive Supply Chain.

article thumbnail

The Virtual Twin Experience: How to Use it for Maximum Benefit

DELMIA Quintiq

This can enable you to simulate and optimize physical space and line layouts, workshop operations, and robot operations. Manufacturing & Operations Extend the digital thread to the shop floor Reduce waste, inventory & cycle times to improve productivity and quality.

article thumbnail

23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

According to the 30th Annual State of Logistics Report by the Council of Supply Chain Management Professionals (CSCMP), companies spent $1.64 trillion on logistics and transportation services in the United States in 2018, an increase of 11.4% We follow a stringent procedure to organize inventory in our warehouses.