Frequently Asked Questions: Transforming Inventory Management for Factories

We’ve been talking a lot about digital transformation for the factory—specifically optimizing your factory management processes to make sure inventory is in the right place at the right time for your teams. In our dialogues with industry experts and innovators—as recently as last week in an IndustryWeek webinar featuring our team and Mike Louderback, VP of Operational Excellence at Morgan Advanced Materials—we’ve heard a lot of excellent questions about this transformation. 

Here are the most common factory management inquiries and subsequent answers from the pros. 

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LeanDNA Named a 2021 ‘Best Place to Work’ by Built In Austin

Leading factory-focused inventory optimization provider recognized for competitive compensation, collaborative work culture, and meaningful employee experiences

AUSTIN, TexasJanuary 13, 2021LeanDNA, the only provider of factory-focused inventory optimization solutions, announced today it has achieved several recognitions in Built In Austin’s 2021 Best Places To Work Awards. Among the acknowledgments, LeanDNA ranked third for Best Small Companies and 28th for Best Overall Place to Work.

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2020’s A-Listers Persevered Against the Odds: Read their success stories

This year brought massive challenges and unrelenting uncertainty for manufacturers. But with challenge comes opportunity. In a time when optimizing physical factory operations is more important than ever, our customers navigated new obstacles with grace and innovation. With 2021 nearing, we wanted to stop and take a moment to appreciate and recognize the tenacity of this year’s LeanDNA-Listers—whose work laid a foundation for efficiency and resiliency for whatever challenge came next. Continue Reading “2020’s A-Listers Persevered Against the Odds: Read their success stories”

VACCO Selects LeanDNA to Improve Inventory Management and Optimization, Drives Operational Excellence and Performance

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.

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Craig Jarman: Seeking Truth in Data and Improving Safran’s Inventory Optimization Practices

The LeanDNA-List celebrates the hard work of our customers, who day-in and day-out work to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA. 
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LeanDNA Named 2020 NextGen Supply Chain Analytics Award Winner by Supply Chain Management Review

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.
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LeanDNA Drives Results and Operational Efficiency with the Industry’s First Factory-Focused Inventory Optimization Workflows

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.
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Susanne McCalla and Richard Knutz: How E-One’s Aligned Leadership Team Inspires Camaraderie and Drives Results

The LeanDNA-List celebrates the hard work of our customers, who day-in and day-out work to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA. 
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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
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Winning Inventory and Shortage Initiatives: How Tony Gonzalez is Standardizing Processes, Optimizing Inventory, and Taking Names

The LeanDNA-List celebrates the hard work of our customers, who day-in and day-out work to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA. 
Continue Reading “Winning Inventory and Shortage Initiatives: How Tony Gonzalez is Standardizing Processes, Optimizing Inventory, and Taking Names”