AUSTIN, Texas – Oct. 18, 2022 – LeanDNA, a leading inventory optimization and execution platform, announced today that software entrepreneur and leader Rod Favaron has joined its board of directors.
AUSTIN, Texas – Oct. 13, 2022 — LeanDNA, a leading inventory optimization, and execution platform congratulate HNI for their 2022 NextGen End User Award for Analytics. This year’s award winners were announced in Supply Chain Management Review on Sept. 16. HNI will be recognized at the NextGen Supply Chain Conference in Chicago on Tuesday, Oct. 18 along with three other end-user companies and four solution providers. Jay A. Senatra, Director of Supply Chain for HNI Corporation, will be speaking at the event and sharing the company’s success story.
AUSTIN, Texas – Oct. 10, 2022 — Richard Lebovitz, Founder and CEO of LeanDNA, a leading inventory optimization and execution platform, has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives. Richard has been invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com and to contribute to published Q&A panels alongside other experts. Richard’s Forbes profile includes a short biography, skills, and recently contributed content. This includes his first article for the Council, “The Essential Ingredients for a Digital Transformation of Factory Operations” published today.
DALLAS, TX and ROLLING MEADOWS, IL – Sept. 20, 2022 – PR Newswire – The Association for Manufacturing Excellence (AME) is pleased to share that over 1,200 manufacturing practitioners will gather for the AME 2022 International Conference, taking place Oct. 17-20 in Dallas. The 38th annual AME International Conference offers attendees the opportunity to gain new insights on best-in-class industry practices, as well as the opportunity to learn directly from world-renowned lean leaders and thinkers.
LeanDNA Earns a Spot on 2022 Inc. 5000 Annual Lists
With three-year revenue growth of 178 percent, LeanDNA is among America’s fastest-growing private companies
Texas – August 16, 2022 – Today Inc. revealed that LeanDNA listed on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
How Supply Chain Management (SCM) Been Impacted by the Shortage Economy
There has been no escaping supply chain disruptions. Manufacturers across the globe experienced a new set of challenges due labor and supply shortages.
Andrew Shoppa, a supply chain management expert, stated–that before the COVID pandemic, HNI Corporation was consistently operating around a 99% complete on-time rate for shipments from suppliers. During the organization’s lowest point in the shortage economy, they were operating at a rate of 78%, which greatly affected their ability to perform for their customers.
However, HNI was not alone, other manufacturing leaders have experienced supply chain delays which have negatively impacted their on-time customer deliveries.
Gordon Van Champ, a seasoned supply chain leader from Chamberlain Group, found that many of their sourcing issues could be traced back to overwhelmed ports. Chamberlain had not diversified their sourcing, which put additional pressure on individual suppliers who were already overflowing with orders.
Jim Kanir Named Chief Revenue Officer to Drive Growth for LeanDNA
LeanDNA is a leader in synchronizing priorities and execution across supply chain
AUSTIN, Texas – July 20, 2022 – PR Newswire – LeanDNA, a leading cloud solution for supply chain execution, today announced the appointment of Jim Kanir as Chief Revenue Officer (CRO). Kanir’s decades of experience leading sales teams and revenue strategies for enterprise software companies will support the company’s mission to unlock sustainable and resilient supply chain practices that improve manufacturing output and productivity. Kanir will drive the go-to-market strategy, reporting to CEO Richard Lebovitz.
The Shortage Economy Impacts
Dealing with employment and resource shortages presents several challenges. With the current market dynamics, manufacturers have been forced to adopt processes that deal with the symptoms of shortages instead of addressing the root problem.
While there are approaches manufacturers can take to be adaptable in the face of whatever supply chain challenges will come, the reality is that many of the easy, instinctive solutions are short-sighted stop gaps. Here are a few ways manufacturers are dealing with shortage disruptions today and how they are creating sustainable strategies to build supply chain resilience.
Manufacturing Supply Chain Workflow Challenges
Deloitte and the Manufacturing Institute (MI) reported that the U.S. manufacturing industry was looking to fill half a million job openings in 2021, with expectations for that number to continue to increase. It is estimated that over 2 million of those jobs are likely to remain unfilled until at least 2030 which the study warns could damage the U.S economy by up to $1 trillion.
One top of that, LinkedIn reported a 28% turnover rate increase for manufacturing supply chain positions. With open positions that are hard to fill and existing staff feeling the burden of cognitive overload, managers are struggling to meet their goals with their existing workforce.
The global competition for supply chain talent rages on for both hourly and salaried roles alongside a once-in-a-lifetime shift in where, when, how, and why supply chain professionals work. Manufacturing companies will have to work harder to make jobs more exciting and rewarding for their employees, and to do even more to generate enthusiasm around their company’s vision and future to compete with the war on talent.
Supply chain leaders must inspire a unique mix of frontline, hybrid, and remote workers. Discover how streaming the data manufacturing process using a human-centric work design can influence employment value propositions that retain and engage current employees, and attract and retain new ones.
Recently, LeanDNA had the opportunity to host a discussion involving experienced manufacturing leaders from Chamberlain Group, HNI Corporation, and PSG Dover.
The three main learning objectives covered in the Building Supply Chain Resilience Webinar included:
- Shortages and issues discrete manufacturers face
- The role technology plays in addressing these challenges
- How to utilize modernized planning and optimization tools for actionable insights
This blog serves as a resource to summarize the key takeaways from the conversation, you can also download the full webinar video for additional details on the topics discussed.