Articles
The Lean Supply Chain
Does Your Supply Chain Need an Alignment?
If your supply chain isn’t aligned with your overall competitive strategy, then performance may fall short of expectations, with higher costs, poor execution, and reduced revenue and profits. When a company develops a strategic growth plan, it has to decide which priorities—cost, quality, time or flexibility—to focus on. It must then manage the supply chain […]
Read More
Changing the Shape of Supply and Demand
Demand sensing and demand shaping have become important strategies when considering customer collaboration and downstream visibility to improve supply chain efficiency. Demand sensing refers to forecasting methods that use mathematical techniques and real-time information to create more accurate demand forecasts (a variety of supply chain analytics), while demand shaping is the act of influencing demand […]
Read More
Saving Green While Going Green
While good for the environment, supply chain sustainability can also be good for the bottom line if incorporated into a company’s supply chain strategy. In the past, most companies were concerned primarily with forward logistics processes, and, to some degree, returning product to suppliers. Today, companies also focus on reverse logistics processes, not only from […]
Read More
RFID: More Than Just a Better Barcode
Radio Frequency Identification Technology (RFID) offers a multitude of benefits that can significantly reduce and eliminate waste in the extended supply chain. RFID, an automatic identification method using electronic tags that have a microchip and printed antenna, is a lot more than just a small improvement from barcode technology. Barcodes offer a status report at […]
Read More
Measuring to Manage or Barely Managing to Measure
Respondents to a Bain & Company survey say they run their supply chains only half as efficiently as top supply chain performers such as Toyota, Dell, and Home Depot. In fact, top-quartile performers spend just 4.2 percent of revenue on supply chain costs, compared to almost 10 percent for average performers in the same industry. […]
Read More
Procurement and Purchasing: Buying into Lean
While supply chain costs, primarily procurement and transportation, can range from 50 to 70 percent of sales, some companies place too much emphasis on the traditional focus of reducing material costs in supply processes. Applying Lean principles to procurement and purchasing processes can identify non-traditional sources of waste, in some cases creating a paradigm shift […]
Read More
How to Cut Seven Non-Traditional Wastes
In my first column for Inbound Logistics in 2012, I covered the seven traditional wastes identified in Lean thinking: Transportation, inventory, motion, waiting, overproduction, over-processing, and defects, more commonly known by the acronym TIM WOOD. But there are other wastes to consider in your supply chain and logistics functions. Let’s examine the following seven non-traditional […]
Read More
How Location Decisions Impact a Lean Strategy
Companies often don’t consider the location decision to be a Lean concept, but they should. Moving goods efficiently from raw material sites to processing facilities, manufacturers, distributors, retailers, and customers is critical to remaining competitive in today’s global economy. When manufacturers make location decisions, their priority is to minimize cost. Retailers look to maximize revenue […]
Read More
Designing a New Strategy for a New Year
With the New Year upon us, retailers and manufacturers need to rethink their supply chains and find new ways to work together, according to the 2016 Future Supply Chain, a report from the Global Commerce Initiative and Capgemini. Here’s a look at some external and internal industry trends from a Lean perspective. It’s not hard […]
Read More
Supply Chain Integration + Collaboration = Time Travel?
Debunking these five myths helps retailers and manufacturers see the real value of dedicated returns management.
Read More