As we go through the four “must-haves” for transforming your factories, the second is potentially the most transformative because it optimizes and empowers the people making your inventory decisions.
In this continued series, we’re talking about the four must-haves of a successful factory management operation. First up: Total visibility.
Almost 36 percent of supply chain leaders during our recent factory operations webinar with IndustryWeek said digital transformation in the factory means “standardizing and automating manual processes.” Frankly, I couldn’t agree more.
Whether it’s upgrading the factory floor with robotic assembly technology, providing wearable information technology to workers, or proactively predicting inventory needs with artificial intelligence solutions—standardization and automation are a top priority.
As the supply chain leader of a large multisite organization, how do you organize and drive an effective, sustainable process to attack the biggest inventory management problems on a daily basis across complex teams with multiple ERP systems? Have you ever been in a meeting where inventory optimization was brought up as a top priority by leadership without clear direction on how exactly to attack the issue?
Continue Reading “Inventory Management Best Practice: Create an Inventory Attack Team”
Picture this, Supply Chain Leaders: your site just received a mandate from your corporate office to reduce inventory this year by 10% across the board. Now it’s time to scramble to develop and implement a strategy to optimize inventory. But where do you start?!
Does this situation sound familiar to you? At LeanDNA, we see this all the time. Based on our experience, we’ve compiled a summary of the four must-have reports that can help you quickly organize and attack any inventory reduction initiative. Continue Reading “4 Critical Reports to Help You Optimize Inventory”
