RFgen

FEBRUARY 17, 2023

Lean manufacturing emphasizes customer desires. Just-in-Time (JIT) Manufacturing and Lean Manufacturing are two of the most popular business processes. Lean manufacturing places a focus on customer value across all departments including manufacturing, production, marketing, and distribution.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain Waste Reduction Inventory Reduction Cost Reduction Strategies 52

Unleashed

DECEMBER 15, 2021

Here explain what DSI is, how to use it, and why it’s crucial to track this metric in your business – whether you’re a retailer, manufacturer, wholesaler or distributor. The next figure you need to calculate is COGS, which is a metric that relates to the direct costs of a product that a business sells.

Procurement Analytics 98

Procurement Analytics Inventory Reduction Metrics Inventory 98

Arkieva

JANUARY 20, 2017

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. The goal in Lean Transportation is to use the ‘Eight (8) Right’s: Right Materials. Right Quantity. Right time.

Optimal Sourcing 60

Optimal Sourcing Waste Reduction Agile and Lean Supply Chain Inventory Reduction 60

synchrono

MARCH 6, 2017

When we look at the organizations of today, words like efficiency and productivity get thrown around with little understanding of what is required to improve one of these measurements (metrics). This “lost opportunity metric” is now something that Lean manufacturing experts try to keep at the top of the list.

Metrics 82

Metrics Waste Reduction Resource Reduction Cost Reduction Strategies 82

GlobalTranz

MAY 20, 2015

Editor’s Note: This is the first in a three-part series on Supplier Quality Management processes and how to evaluate your suppliers from Chuck Intrieri of The Lean Supply Chain. The next posts in the series will break down metrics and issues to consider in SQM by industry and conclude with a case study on the application of SQM.

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

synchrono

AUGUST 22, 2016

While digital content and automated technologies gave birth to the modern marketer, a more real-time, digitally connected enterprise is driving modern manufacturing strategies like the Factory of the Future, Smart Manufacturing and Industry 4.0 – all of which are grounded in Demand-Driven Manufacturing methods. This got me thinking.

Metrics 40

Metrics Demand Planning Software Modeling Software Analytics Software 40

Supply Chain Shaman

JULY 25, 2021

The Focus Inside-out Supported by Functional Metrics. Functional excellence drove regional supply chain performance in the 1990s, but a focus on functional metrics in large, global and complex supply chains over the last two decades threw the supply chain out of balance. Functional Intitiatives Without Clarity on Supply Chain Strategy.

Procurement Analytics 370

Procurement Analytics Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Planning Software 370

Supply Chain Game Changer

NOVEMBER 15, 2018

Check out 10 Signs You Should Reboot Your Lean Program! Implementing a Lean program on the Manufacturing floor, in a Warehouse operation, or in a Distribution Centre is challenging enough. And your Lean program has at its core the objective of making these operations as efficient as possible. Email Address. Environment.

Agile and Lean Supply Chain 43

Agile and Lean Supply Chain Lean Purchasing Training Negotiating Skills 43

Logility

MARCH 21, 2024

However, experienced day-to-day planners know that human oversight is crucial for good outcomes when determining strategies, developing forecasts, building supply plans, and managing inventory. For example, suppose an order for a key customer is going to be late.

Optimal Sourcing 226

Optimal Sourcing Supply Chain Planning Software Modeling Software Inventory Reduction 226

The Logistics of Logistics

JULY 19, 2023

Data intelligence and market insights, reliable support and proprietary technology combine with these solutions to enable smarter supply chain decisions and strategies. Coyote is committed to providing a better service experience in the transportation industry, raising the standards for service metrics and customer satisfaction.

3PL 141

3PL Trends Third Party Logistics Milwaukee 141

Supply Chain Shaman

AUGUST 14, 2016

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. I cradled my cup of tea in my hand. It had been a long night. ” I smiled.

Material Savings 181

Material Savings Inventory Reduction Price Reduction Cost Reduction Strategies 181

ModusLink Corporation

SEPTEMBER 20, 2010

I would like to reflect on some observations related to sustainability strategy deployment across the supply chain, namely important considerations in alignment of so-termed green supply chain strategies with contributing benefit to overall business strategies. This observation did not surprise me.

Agile and Lean Supply Chain 119

Agile and Lean Supply Chain Lean Waste Reduction Vendor Strategies 119

Logistics Viewpoints

OCTOBER 26, 2023

So why are so many still falling short of OTIF targets (and other key metrics)? What’s more, today’s supply chains operate at lean levels. We are well into the era of real-time transportation visibility, where shippers and their partners can track freight in real-time across every mode of transport.

Supply Chain Planning Software 200

Supply Chain Planning Software Real-time Visibility Supply Chain Design Software Supply Chain Planning 200

Supply Chain Opz

JANUARY 3, 2022

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. Our Rating: 5/5 4.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

The Logistics & Supply Chain Management Society

JULY 20, 2020

The philosophy of lean, triggers us to look for the “Ideal Way”. For companies not adopting lean, Peter Hines’s Six Rights seems to be a good start, which are Right Product, Right Place, Right Time, Right Quantity, Right Quality, and Right Price. Arguably, it is criticised that acting too lean can cause breakdowns in crisis.

Agile and Lean Supply Chain 230

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 230

Supply Chain Game Changer

NOVEMBER 14, 2018

Overall there are key overriding factors to be considered in defining and optimizing any end-to-end Supply Chain strategy from an environmental perspective: Reduce waste and improve efficiencies. The basic Supply Chain Carbon Footprint/Environmental Impact Reduction strategy must thus include: Executive Support. Reduce energy usage.

Waste Reduction 59

Waste Reduction Material Savings Resource Reduction Cost Reduction Strategies 59

Supply Chain Game Changer

AUGUST 30, 2021

It is about a research study undertaken by MIT students over a period of five years on the concept of lean production in the automobile industry, using Toyota as an example. The Strategy-Driven Supply Chain. Toyota overtook General Motors, the largest automaker in the world, twenty years after the book was published. The Fear Index.

Agile and Lean Supply Chain 92

Agile and Lean Supply Chain Supply Chain Strategy Supply Chain Software Supply Chain 92

Unleashed

JULY 2, 2023

Days Inventory Outstanding (DIO) is a fundamental inventory metric for measuring efficiency and liquidity inside a product business. Days Inventory Outstanding (DIO) is a liquidity metric which measures the average number of days inventory is held in a business before it is sold. Here are some strategies for achieving that.

Inventory Reduction 52

Inventory Reduction Inventory Inventory Management Software Procurement Analytics 52

QAD

APRIL 13, 2023

At INTERPHEX 2023, QAD will share strategies leading Contract Development & Manufacturing Organizations (CDMOs) are implementing to keep customers happy while navigating these challenges. In April 2022, its new CEO Alessandro Maselli announced an acquisition of Metrics Contracts Services for $475 million just one month into the job.

Pharmaceutical 94

Pharmaceutical Sourcing Strategies Manufacturing Procurement Optimal Sourcing 94

SCMDOJO

MARCH 19, 2024

In essence, a structured supply chain department as described in the blog can help you deliver the right supply chain strategy and goals which helps cost reduction, improve customer service, on-time delivery, and better working capital. Analyze performance metrics and implement improvements to enhance efficiency. Grab yours now!

Optimal Sourcing 74

Optimal Sourcing Supply Chain Planning Software Negotiating Skills Material Savings 74

Supply Chain Shaman

JUNE 26, 2017

As a result, tor most companies, the goals are unclear and the financial metrics are not well-understood. This year-over-year comparison, enables visualization of performance on two metrics. In addition, they rank last in their ability to drive metrics improvement. Metric balance is difficult for supply chain teams.

Sourcing Strategies 152

Sourcing Strategies Agile and Lean Supply Chain Inventory Reduction Supply Chain Strategy 152

BlueYonder

NOVEMBER 30, 2012

At a recent industry conference, I asked my 80-plus audience to raise their hands if they were “OK” with the current status of their performance measurement governance practices – including Metrics Identification, Measuring, Tracking, and Controlling. In this case, from a Lean perspective, it is a waste of time and money.

Agile and Lean Supply Chain 51

Agile and Lean Supply Chain Lean Government Waste Reduction 51

crisp

OCTOBER 20, 2022

In this guide, we’ll show you what metrics those are, easy ways to find them, and how you can use them to accelerate your brand’s retail growth. Now that you know how to access your retail data easily and often, here are the metrics you’ll want to keep on hand: Velocity. Retail data: A brand’s greatest asset. What do voids refer to?

Procurement Analytics 98

Procurement Analytics Inventory Reduction Data Waste Reduction 98

Logistics Viewpoints

FEBRUARY 3, 2022

planning offers an alternative to swinging the pendulum and as the strategy that provides the supply chain resilience leaders seek. As you evaluate strategies to mitigate risk and build resilience, beware of headlines blaming JIT inventory practices and recommending a move to JIC. A change to one link (e.g. on-time delivery).

Inventory Reduction 290

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 290

Unleashed

APRIL 10, 2023

Process improvement techniques like lean manufacturing and Kanban help businesses achieve optimal business health. In addition to the Six Sigma concept is Lean Six Sigma. It uses a combination of Six Sigma and Lean Manufacturing tactics and is more of a team-focused, managerial approach.

Manufacturing Procurement 52

Manufacturing Procurement Six Sigma Optimal Sourcing Waste Reduction 52

Supply Chain Opz

OCTOBER 27, 2013

Metrics used to evaluate these new books are as below, 1) Citation count from Google Scholar 2) Number of reviews found on Amazon.com 3) Editorial Opinion Citation count is a standard way to evaluate any publication. So, customer''s review on Amazon.com (3 stars or more) is also used as a metric.

SCM 246

SCM Procurement Analytics Agile and Lean Supply Chain Chad 246

Supply Chain Game Changer

NOVEMBER 4, 2021

To make better financial decisions, you need to know your business’ numbers and create better strategies for making financial decisions. But how do you develop such strategies that can help you make sound financial choices for your company? Another essential metric is your cash flow and profits.

Resource Reduction 52

Resource Reduction Cost Reduction Strategies Supply Chain Strategy Strategy 52

GlobalTranz

JANUARY 4, 2017

Customer metrics. Cost or Cost Savings: Re-engineering/continuous improvement: Implement Lean initiatives to eliminate all wastes, improve processes, increase throughput, and bring much more value to the customer beyond their expectations: Lean consists of a culture/behavior change. Lean IS their DAILY work.

Modeling 194

Modeling Negotiating Skills Cost Reduction Strategies Scenario Planning 194

QAD

AUGUST 12, 2021

Today, manufacturers view sustainability as a required corporate strategy for long-term business viability and success. Lean techniques have played a key role over the years to improve operational performance and save money. Improved responsiveness to new and existing regulatory requirements.

Waste Reduction 98

Waste Reduction Resource Reduction Material Savings Inventory Reduction 98

SCMDOJO

DECEMBER 14, 2023

In supply chain management, total lead time is a crucial metric encompassing the period from customer order to delivery, be it in B2B or B2C scenarios. It’s important to note that the benefits of lead time reduction can vary based on the specific industry, product type, and the overall supply chain strategy of the business.

Inventory Reduction 75

Inventory Reduction Vendor Strategies Waste Reduction Cost Reduction Strategies 75

QAD

MARCH 9, 2023

Continual disruption is now the new normal, and it’s weighing on profitability and making it difficult for many companies to maintain lean, agile operations. Manufacturers had the flexibility to search for the lowest possible cost unit and could afford to run lean supply chains. That means looking at the right metrics.

Agile and Lean Supply Chain 95

Agile and Lean Supply Chain Supply Chain Planning Software Scenario Planning Modeling 95

4WL Consulting

JUNE 12, 2015

3 Lean Production With constantly changing market trends and shorter product life cycles, companies are compelled to adopt a lean approach to manufacturing, where the goal of every production process is to create value for the end user, otherwise it should be eliminated.

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Expense Reduction Inventory Reduction Resource Reduction 100

Supply Chain Shaman

JUNE 15, 2018

But how do companies best translate strategy to action? My caution is not so fast… 95% of companies are not making progress at the intersection of growth, operating margin, inventory turns and asset strategies. Figure 1: Supply Chain Metrics Are a Balancing Act. The future of the Titans depend on the delivery of results.

Sourcing Strategies 150

Sourcing Strategies Supply Chain Planning Software Inventory Reduction Modeling Software 150

Supply Chain Game Changer

SEPTEMBER 10, 2019

The first place you should look to determine where your focus has to be is your metrics dashboard, your KPIs. If you don’t even KPIs then the answer is equally obvious … focus on the basics and get metrics in place first and foremost. technologyadoption #supplychainmanagement #lean #processimprovement.

Resource Reduction 51

Resource Reduction Cost Reduction Strategies Inventory Reduction Forecasting Software 51

NC State SCRC

NOVEMBER 2, 2023

When I was there, an employee’s base pay came every 4 weeks, and it would go up based on hitting certain metrics – Net Sales and Return on Total Assets. The only metric that mattered was how you were doing vs. the market and the competition – were you getting a lower price than Hershey or Nestle? I’ve never seen a culture like that!

Procurement Analytics 52

Procurement Analytics Negotiating Skills Manufacturing Procurement Optimal Sourcing 52

Supply Chain Shaman

JUNE 29, 2014

To balance new requirements for customer service with a wider product platform, the focus needed to shift to be on the form (raw, semi-finished goods, and finished products) and function (design of cycle inventories, seasonal builds, safety stock and customized product strategies) of inventory. Ensuring Profitability. Value-based Analysis.

Supply Chain Design Software 268

Supply Chain Design Software Supply Chain Design Network Design Software Supply Chain Planning Software 268

Supply Chain Opz

JANUARY 29, 2020

Therefore, the challenge to establish the ranking method is to find a more economical data source and the unbiased metrics. Books We Recommend - Purchasing Book - Six Sigma Books - Operations Management Book - Inventory Control Book - Lean Books - International Business Book Last review and update: January 30, 2020

Agile and Lean Supply Chain 100

Agile and Lean Supply Chain Supply Chain Design Software Supply Chain Planning Software Supply Chain Strategy 100