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” →

Does your factory have warning signs? You know, those bright yellow triangles? Perhaps it has an exclamation mark for caution, or a lightning bolt to represent high voltage area. Maybe it even features a skull & cross bones to signal that dangerous chemicals (or pirates) are present. No matter the sign, they clearly mean one thing: WARNING.

As a supply chain manager, you probably wish you had a sign like that for your team to help them with the purchase order process. Maybe it would be a triangle with a broken down delivery truck meant to represent an impending shortage. Whatever it would look like, it’d be amazing to give your buyers a sign for which POs could leave you at risk.

Well, there may not be a physical symbol you can place in your office, but there are plenty of warning signs to look out for. Here are four warning signs your POs could cause trouble. Continue Reading “Warning Signs Your POs Could Cause Trouble” →

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” →

Advances in analytics allow manufacturers to see and interact across sites like never before. There are many benefits to this multi-site visibility – increased inventory savings, happier customers, and less stress. Connecting your sites and standardizing their data using cross-site analytics is the future of manufacturing. Here are 5 benefits of cross-site visibility: Continue Reading “5 Benefits of Improving Cross-Site Visibility in Supply Chain” →

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” →