For original equipment manufacturers (OEMs), reducing lead times is key to success and a major player when it comes to lean manufacturing, and many methods exist to meet this goal.
Now, let's look at a viable option to cut back on those inefficiencies.
Today, let's explore the cost of buying direct.
In this episode, we will look at carrying costs.
A vendor managed inventory (VMI) program is a highly effective way for an original equipment manufacturer (OEM) to make both financial and operational improvements that directly impact the bottom line.
Original equipment manufacturers (OEMs) in Kentucky can pat themselves on the back as 2014 draws to a close.
When planning for the future, original equipment manufacturers (OEMs) need to take into account a slew of factors, from the global economy to consumer demand to the cost of materials - even the weather can play a key role in a business forecast.
The U.S. manufacturing industry has been expanding over the past two years, but that growth may be slowing down.
To ensure adequate inventory for upcoming builds, a necessity for reducing lead times, a procurement plan must be able to forecast demand.
Saving money and boosting productivity are two key aspects of improving operations for original equipment manufacturers (OEMs), and there are numerous ways to accomplish both goals.