Lean manufacturing is here to stay, and original equipment manufacturers (OEMs) that want to keep up with the competition will need to stay on top of the many tools and methods, such as value stream mapping, to keep their factories running efficiently and smoothly.
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.
Now, let's look at a viable option to cut back on those inefficiencies.
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.