Inventory management can be complicated, confusing and time-consuming, dragging down lean manufacturing efforts for original equipment manufacturers (OEMs).
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.
In this episode of our supply inefficiency series, we want to talk about the costs associated with errors.
Today, we're going to discuss the many ways freight costs can add up.
Today, let's explore the cost of buying direct.
In this episode, we will look at carrying costs.
In this video, we want to talk about hidden labor costs that could be costing you money.
Lowering cost is always at the top of every production department's list, but many manufacturers just shop for the lowest price and completely miss the bigger cost-saving opportunity.
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.