Building Manufacturing Efficiency in Today’s Fast-Changing Environment

Manufacturers are feeling it: Stresses on procurement workflows have been growing for years due to the global and heavily customized nature of today’s supply chains. The pandemic further exposed cracks in oversight, priorities, and daily tasks, resulting from tighter budgets and increased constraints across factories. These shifts pose a significant challenge to procurement teams’ daily work: How can teams do more with less, while also making incremental progress toward organizational goals? 

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Craig Jarman: Seeking Truth in Data and Improving Safran’s Inventory Optimization Practices

The LeanDNA-List celebrates the hard work of our customers, who day-in and day-out work to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA. 
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LeanDNA Named 2020 NextGen Supply Chain Analytics Award Winner by Supply Chain Management Review

Leading inventory optimization solution recognized for its factory-centric, actionable, and prescriptive intelligence            

AUSTIN, Texas – October 29, 2020 –LeanDNA, the only provider of factory-focused inventory optimization solutions, announced today it has won the 2020 NextGen Supply Chain Analytics Award by Supply Chain Management Review. The accolade recognizes LeanDNA for driving the industry forward with actionable analytics and prescriptive workflows that enable supply chain leaders to move swiftly with changing demand, continuously reduce inventory, and prevent costly and critical shortages.
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LeanDNA Drives Results and Operational Efficiency with the Industry’s First Factory-Focused Inventory Optimization Workflows

New workflows simplify and standardize the daily work process of key supply chain functions with prescriptive, AI-driven recommendations 

AUSTIN, Texas – October 22, 2020 – LeanDNA, the only provider of factory-focused inventory optimization solutions, has launched the manufacturing industry’s first best practice, role-based workflow capabilities within its platform. The powerful new workflows standardize and optimize the daily work of supply chain teams, automatically prioritizing urgent inventory actions, so teams can quickly resolve issues, reduce excess inventory and critical shortages, and improve delivery performance.
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Susanne McCalla and Richard Knutz: How E-One’s Aligned Leadership Team Inspires Camaraderie and Drives Results

The LeanDNA-List celebrates the hard work of our customers, who day-in and day-out work to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA. 
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PFEP (Plan For Every Part) Helps You Optimize Your Entire Supply Chain

As supply chains grow increasingly complex, it can feel impossible to understand how to assess and optimize inventory from end to end. Supply chain leaders, already tasked with the daily responsibilities of firefighting through shortages and ballooning inventory, also have compounded responsibilities to guarantee sustainable on-time delivery over time.

However, inventory data collection is often tedious and manual, and it can take weeks, if not months, to complete. And as soon as it’s analyzed, the inventory data may already be out of date. And while ERPs can hold all of that inventory data, they require expensive, manual, and time-intensive maintenance to keep up to date. Without a simple, structured process for routine inventory data updates, it’s even harder to see and act on opportunities for improvement in the factory.

That’s why lean manufacturers introduced the Plan for Every Part (PFEP). As your team develops inventory optimization goals to reduce shortages, improve working capital, and ultimately maximize production throughput, your PFEP can help you prioritize opportunities that can create the biggest impact in end-to-end inventory management. Instead of churning through noise to look for exceptions, your team can instead efficiently manage the outliers that most affect your supply chain.

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Manufacturers need a new approach to shortage management—So we built one

 “Tackling our critical shortages using LeanDNA’s automatic shortage prioritization helps us identify, standardize, and take action on the different aspects of our current supply across each factory. In the first six months of these initiatives, we’ve seen an average 30 percent shortage reduction across three of our sites. Ultimately, this is helping us deliver the right parts to our customers in a timely manner.”

– Tony Gonzalez, Global Lean Supply Chain Manager at Electrical Components International
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Winning Inventory and Shortage Initiatives: How Tony Gonzalez is Standardizing Processes, Optimizing Inventory, and Taking Names

The LeanDNA-List celebrates the hard work of our customers, who day-in and day-out work to optimize inventory, reduce shortages, and empower their companies to operate more efficiently. These winners represent the tenacious, knowledgeable, and hands-on users and champions of LeanDNA. 
Continue Reading “Winning Inventory and Shortage Initiatives: How Tony Gonzalez is Standardizing Processes, Optimizing Inventory, and Taking Names”