When it comes to lean manufacturing, one of the areas original equipment manufacturers (OEMs) should not overlook is productivity.
Inventory management can be complicated, confusing and time-consuming, dragging down lean manufacturing efforts for original equipment manufacturers (OEMs).
Without proper supply chain management strategies in place, any other efforts to enhance production efficiency and product quality will be significantly hampered.
Let's look at a few examples of how the Pareto Principle could be applied to OEM operations.
Here's why OEMs in search of more effective procurement should stop thinking with their wallets and start considering the long-term benefits to on-site functionality.
Finding new ways to handle the parts procurement process and manage inventories could potentially lay the groundwork for manufacturing operations that constantly self-improve.
As the clock counts down to 2016, OEMs should celebrate the value VMI programs can bring to Class C Component procurement.
When original equipment manufacturers (OEMs) leverage the right supply chain management software, they can reap a slew of benefits. But choosing the perfect system can sometimes seem a monumental task.
Now, let's look at a viable option to cut back on those inefficiencies.