14 Sep 2021

Lead Time Reduction through Value Stream Mapping

2021-09-14T00:17:46-04:00September 14th, 2021|Categories: Inventory Management, Lead Time Reduction, Lean Manufacturing, Risk Mitigation|Tags: , , , , , , , , |

Lead time reduction is something all manufacturers wish to achieve. By identifying work-in-process (WIP), value stream mapping helps to pinpoint which processes in a production sequence drive overall lead time. Finding ways to reduce work-in-process (WIP) helps to reduce lead time.

24 May 2021

3 Keys to Making Vendor Managed Inventory (VMI) Work

2021-05-31T20:43:30-04:00May 24th, 2021|Categories: Inventory Management, Lead Time Reduction, Risk Mitigation, Supply Chain Management|Tags: , , , |

The ultimate goal of Vendor Managed Inventory (VMI) is cost reduction. VMI achieves this by better controlling material and information flow. In VMI, the supplier performs the function of planning inventory for the client. The information must be shared between the two parties to allow the supplier to manage a high level of inventory visibility at the client’s location. Rather than the client having to place an order when stock runs low, it is the supplier’s responsibility to…

25 Apr 2021

Supply Chain and Logistics KPIs

2021-05-03T07:07:59-04:00April 25th, 2021|Categories: Inventory Management, Lead Time Reduction, Risk Mitigation, Supply Chain, Supply Chain Management|Tags: , , , , , , , , |

Key Performance Indicators (KPIs) are an efficient way to measure the overall health of an organization, project, team, or individual, When it comes to supply chain and logistics operations however, there’s often confusion over which metrics to use or even how many KPIs there should be. The truth is, there isn’t a standard number of KPIs that must be used. The specific measurements and number of metrics to utilize completely depend on your specific needs.

16 Mar 2020

Assessing Seasonal Demand

2020-04-15T22:26:44-04:00March 16th, 2020|Categories: Inventory Management, Lead Time Reduction, Lean Manufacturing, Supply Chain|

Properly assessing demand variation is vital to inventory management success, starting with defining proper safety stock and inventory levels. However, before you can assess and item’s demand variation, you must determine whether it experiences seasonality.

30 Jan 2020

Safety-Stock for Supply Variation – Part 2

2020-04-15T08:02:05-04:00January 30th, 2020|Categories: Inventory Management, Lead Time Reduction, Lean Manufacturing, Supply Chain|

To analyze supplier lead time, reference recent history to determine the typical number of days from order placement to receipt of goods. Remember, a day should be consistently defined the same whether conducting lead time analysis, demand analysis, or calculating kanban solutions. That is, if monthly demand is based on workday demand then...