As supply chains grow increasingly global and complex, having the right parts at the right time has become imperative to keep supply chains running smoothly. Yet, even as digital transformation initiatives rapidly expand across the factory and supply chain, operational procurement teams continue to be left behind.
Continue Reading “The Age of Analytics and Beyond: What’s Next for Manufacturing?”
Cross-site visibility and access to inventory data enables leading specialty product manufacturer to boost team productivity, exceed customer service expectations, and improve working capital.
AUSTIN, Texas – December 1, 2020 — LeanDNA, the only provider of factory-focused inventory optimization solutions, today announces that VACCO Industries, part of the ESCO Aerospace and Defense Group and a leading designer and manufacturer of specialty valves, filters, and advanced fluid control products, has selected LeanDNA’s purpose-built platform to aid in inventory reduction, minimize material shortages, and optimize its supplier base. LeanDNA’s advanced analytics provide cross-site visibility and actionable inventory recommendations that will enable VACCO to empower its team with new levels of efficiency, improve on-time delivery, and reduce operating expenses.
That’s a wrap on NextGen Supply Chain Conference 2020. This year, Supply Chain Management Review (SCMR) set out to answer questions around what’s next for the supply chain. Leaders from across the world reflected on the effects of the pandemic on manufacturing and gave their advice on how to successfully improve supply chain efficiency in today’s “new normal.”
This year, supply chain agility was front and center, with several themes throughout the show on how top supply chains needed to improve supply chain efficiency and prepare their teams for whatever disruption comes next.
Continue Reading “Insights from NextGen 2020: How Can Supply Chain Teams Achieve Agility?”
Manufacturers are feeling it: Stresses on procurement workflows have been growing for years due to the global and heavily customized nature of today’s supply chains. The pandemic further exposed cracks in oversight, priorities, and daily tasks, resulting from tighter budgets and increased constraints across factories. These shifts pose a significant challenge to procurement teams’ daily work: How can teams do more with less, while also making incremental progress toward organizational goals?
Continue Reading “Building Manufacturing Efficiency in Today’s Fast-Changing Environment”
Leading inventory optimization solution recognized for its factory-centric, actionable, and prescriptive intelligence
AUSTIN, Texas – October 29, 2020 –LeanDNA, the only provider of factory-focused inventory optimization solutions, announced today it has won the 2020 NextGen Supply Chain Analytics Award by Supply Chain Management Review. The accolade recognizes LeanDNA for driving the industry forward with actionable analytics and prescriptive workflows that enable supply chain leaders to move swiftly with changing demand, continuously reduce inventory, and prevent costly and critical shortages.
Continue Reading “LeanDNA Named 2020 NextGen Supply Chain Analytics Award Winner by Supply Chain Management Review”
New workflows simplify and standardize the daily work process of key supply chain functions with prescriptive, AI-driven recommendations
AUSTIN, Texas – October 22, 2020 – LeanDNA, the only provider of factory-focused inventory optimization solutions, has launched the manufacturing industry’s first best practice, role-based workflow capabilities within its platform. The powerful new workflows standardize and optimize the daily work of supply chain teams, automatically prioritizing urgent inventory actions, so teams can quickly resolve issues, reduce excess inventory and critical shortages, and improve delivery performance.
Continue Reading “LeanDNA Drives Results and Operational Efficiency with the Industry’s First Factory-Focused Inventory Optimization Workflows”
As supply chains grow increasingly complex, it can feel impossible to understand how to assess and optimize inventory from end to end. Supply chain leaders, already tasked with the daily responsibilities of firefighting through shortages and ballooning inventory, also have compounded responsibilities to guarantee sustainable on-time delivery over time.
However, inventory data collection is often tedious and manual, and it can take weeks, if not months, to complete. And as soon as it’s analyzed, the inventory data may already be out of date. And while ERPs can hold all of that inventory data, they require expensive, manual, and time-intensive maintenance to keep up to date. Without a simple, structured process for routine inventory data updates, it’s even harder to see and act on opportunities for improvement in the factory.
That’s why lean manufacturers introduced the Plan for Every Part (PFEP). As your team develops inventory optimization goals to reduce shortages, improve working capital, and ultimately maximize production throughput, your PFEP can help you prioritize opportunities that can create the biggest impact in end-to-end inventory management. Instead of churning through noise to look for exceptions, your team can instead efficiently manage the outliers that most affect your supply chain.
Continue Reading “PFEP (Plan For Every Part) Helps You Optimize Your Entire Supply Chain”
Continue Reading “Manufacturers need a new approach to shortage management—So we built one”“Tackling our critical shortages using LeanDNA’s automatic shortage prioritization helps us identify, standardize, and take action on the different aspects of our current supply across each factory. In the first six months of these initiatives, we’ve seen an average 30 percent shortage reduction across three of our sites. Ultimately, this is helping us deliver the right parts to our customers in a timely manner.”
– Tony Gonzalez, Global Lean Supply Chain Manager at Electrical Components International
