There are some terms and phrases we all hear regularly in lean manufacturing. You really could write an entire dictionary to explain and interpret all the lingo! But there are some phrases in the factory that might make you turn your head for the wrong reasons. If you aim to follow supply chain best practices at work, here are three phrases you should eliminate from your vocabulary: Continue Reading “Supply Chain Best Practices: 3 Phrases to Stop Using at Work”
What are today’s shareholders in aerospace and defense (A&D) manufacturing expecting from company leadership? Deloitte recently analyzed letters to shareholders from the top 20 A&D companies and discovered a few core management themes to drive sustained growth.
There are two standout themes worth exploring:
- Achieving long-term operational performance through better working capital management, process improvement, and program transformation
- Supporting continued business growth by investing in new technologies
Data analytics is entering a new frontier as teams disperse around the globe. New analytics technologies enable organizations to read deeper into the story behind their data. But more often than not, teams miss out on the benefits of new technology because they rely on tried-and-true methods to solve the problems of the future. One of those bad habits is turning to one-way analytics — inputting your data into spreadsheets to be emailed from user to user, one at a time to avoid multiple copies of the same document. The hope is that someone can glean useful information before relaying it back through the chain. Continue Reading “The Trouble With One-Way Analytics? Your Data is Useless Without Collaboration”
Supply chain managers are constantly hampered by distractions. You get stuck monitoring on-time deliveries, vendor-managed inventory (VMI), and impending (or existing!) shortages. Ever feel frustrated by the challenge of how to deal with material shortages?
It seems there’s hardly any time to seek real solutions when you’re so busy applying bandaids. Believe it or not, there are initiatives supply chain managers can implement to reduce shortages, save costs, and smooth out the process. Continue Reading “How to Deal With Material Shortage Using Analytics and Collaboration”