When are parts not just parts? Recently, LeanDNA was featured as a best-of-breed solution to consider for augmenting direct material processes as part of a call for improvement in supply chains by Lora Cecere, lead analyst at Supply Chain Insights. Below are highlights from the article, or read the full article at Supply Chain Insights.
LeanDNA in the news! Recently, LeanDNA Founder and CEO Richard Lebovitz was interviewed by Yitzi Weiner of ThriveGlobal to share his experience in entrepreneurship and in leading manufacturing digital transformations worldwide for supply chains for the last 25 years. Explore the highlights from that interview below or read the full article at ThriveGlobal.
With advances in technology, digital transformation is finally starting to take hold in the Lean manufacturing sector. While future opportunities look bright, many companies are struggling to identify that first step in their journey. In this webinar presented by the Association for Manufacturing Excellence, Mike Louderback, VP of Operational Excellence at Morgan Technical Ceramics, and Richard Lebovitz, CEO of LeanDNA, cover what, why, and how to use cloud-based analytics built on Lean best practices to drive the first steps of digital transformation in your manufacturing operation.
How do you use supplier insights to improve performance in your supply chain? This is a transcript of the Supply Chain Insights webinar conducted by Lora Cecere, Founder of Supply Chain Insights, called The Journey of Becoming First, Using Supplier Insights to Improve Performance. The webinar recording is available here.
When manufacturers talk about inventory turnover, they’re referring to how quickly their company can process the parts inventory in its warehouse. Most track it by turnover ratio, which equals the cost of goods sold (COGS) divided by inventory. The higher the ratio, the faster the company will reduce inventory and the less money is tied up in inventory capital. Additionally, the company saves on storage costs and is better able to avoid part obsolescence.
In the world of supply chain, buyers are often focused on avoiding supply shortages. After all, an unexpected disruption has the capability to completely halt production, costing the company millions in expedition fees, lost revenue, and work inefficiencies. In this light, it makes perfect sense for a buyer to prioritize higher inventory levels over inventory reduction strategies. No one wants to be responsible for inadvertently causing a shortage. Continue Reading “Reduce Inventory While Preventing Shortages With These 5 Rules”
This is a transcript of the Supply Chain Insights podcast conducted by Lora Cecere, Founder of Supply Chain Insights, on her Straight Talk program, called Aligning Flows Across Manufacturing: An Interview with LeanDNA’s Richard Lebovitz. The podcast recording is available here.
Executives deepen inventory optimization with new features bringing access to operation insights through predictive analytics
LeanDNA, the leader in intelligent cloud-based supply chain analytics, today announced the availability of new multi-site visibility that brings together all manufacturing sites into one dashboard, compatible with all major ERP systems. These capabilities provide manufacturers with a comprehensive, real-time analysis of inventory and allocation issues — creating a multi-site view, no matter how many different ERP systems lie underneath each individual factory. Continue Reading “LeanDNA Unveils Industry-First, Cross-Site Visibility Features for Enterprises”
Inventory ties up a massive amount of working capital – to the tune of $459 billion dollars. That makes up nearly 3% of the entire United States GDP! Successful inventory management is critical to becoming a leader in supply chain in every industry vertical. And manufacturers are looking for solutions to drive inventory management improvement.
What does it take to improve inventory turns by 200% or more? Continue Reading “Inventory Management Maturity Curve: How Sophisticated Supply Chains Improve Inventory Turns by 200 Percent”
Bonjour! Each day, LeanDNA sets out to delight customers and improve inventory reduction, shortage management, and lean projects in supply chains around the world. To support our global clients, we’re always making improvements and additions to the tool. Today, we are excited to announce that LeanDNA now offers French language support! Continue Reading “Parlez-Vous Français? LeanDNA is now Available in French!”
How do you drive cost reduction in your supply chain with inventory reduction and shortage management? With data and analytics.
In the pre-recorded webinar presented by the American Society for Quality, LeanDNA CEO Richard Lebovitz shares best practices and industry trends for more effective inventory management through data. Continue Reading “Webinar: Reducing Inventory Through Supply Chain Analytics”