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”
“Coming together is a beginning; keeping together is progress; working together is success.” – Henry Ford
Standard Work wasn’t a supply chain business term in the 1900s, but if it had been, you better believe Henry Ford would have had a quote about it. Ford, a major proponent of the assembly line, knew the value of placing his workers in the best possible position every single day.
A key component of the Kaizen philosophy, Standard Work, does just that. It puts supply chain teams on the same page, eliminates unnecessary action, and ensures everyone moves forward together.
So now the question becomes, how do you develop Standard Work for your supply chain team? Continue Reading “How to Develop Standard Work For Your Supply Chain Team”
What does a LeanDNA implementation look like from an IT team’s perspective? LeanDNA has a lot of upside for inventory reduction and shortage management, but many people are wary of the process of launching new supply chain software. We sat down with Jason Irvan, Director of Information Technology at Graco Supply Company, in our newest case study for a first-hand look into how easy a LeanDNA implementation can be. Continue Reading “Case Study: An Interview With Graco Supply Company’s Director of IT”
2017 was a big year for manufacturing! From adding an average of 16,000 jobs each month to continuing the years-long trend of increasing output and productivity, the US manufacturing industry saw a lot of good.
Here at LeanDNA, we had a great year too! We made major improvements to the way manufacturers leverage collaborative analytics to reduce inventory, manage shortages, and execute their lean projects. For example, we created more automated ways that our system’s AI-based Inventory Actions highlight opportunities for inventory reduction, and brought to light new ways for sites within the same company to collaborate on global inventory initiatives. But what’s next for the world of manufacturing as a whole?
Here are 5 predictions for what we expect to see in 2018: Continue Reading “Lean Manufacturing Predictions for 2018”
“Data tools would be great– but for us it’s garbage in, garbage out.”
“We can’t start fixing this problem because it will unearth 100 others!”
Have you heard this before? With the amount of data manufacturers juggle, it’s no wonder so many face the same dilemma: missing and inaccurate data… on a massive scale!
Data can be an overwhelming issue, but it’s time to stop saying “our data isn’t great.” LeanDNA’s built-in data cleansing process helps manufacturers evaluate and fix their data. Over our time working with manufacturers, we’ve discovered 13 common data points where bad data runs rampant. Here’s what you should understand and check if undertaking data cleansing in your own system. Continue Reading “Got Bad Supply Chain Data? Here’s What you Need to Know for Data Cleansing”
Industry 4.0, Industrial Internet of Things (IIoT), smart manufacturing. There is a lot of change happening in our industry right now! But what is something on the absolute “cutting edge” of lean? Answer: Virtual factory management powered by AI-based lean analytics.
Technology and new processes are revolutionizing factories, just as lean itself did over 30 years ago. But they’re not here to replace lean – what’s new and next will make lean even better. Continuously improve continuous improvement, you know? And virtual factory management is set to make waves. Continue Reading “Virtual Factory Management: The Cutting Edge of Lean”
Your buyers do not have enough hours in the day. From managing shortages to finding inventory reduction opportunities, good time management is crucial. When dealing with thousands of parts and dozens of suppliers, your team needs a way to prioritize the items with the greatest overall impact on inventory cost. That’s where ABC analysis comes in. Continue Reading “Helping Your Buyers Understand the ABCs of ABC Analysis”
If you’re a supply chain leader that depends on ERP every day, you’re definitely familiar with ERP’s shortcomings. When it comes to managing all your supply chain data, providing alerts for inventory and shortage issues, driving standard work, and creating reports, ERP’s “features” are definitely limited. ERP systems are a critical part of your business, but they lack the tactical execution tools that are needed for today’s complex supply chain.
Occasionally, we hear companies ask “How is LeanDNA different than ERP?” Or, “Doesn’t my ERP already perform all the analytics my supply chain needs?” At first glance, they can seem similar. Here are the areas where ERPs need a little help – and how leveraging LeanDNA to fill the gaps results in substantial savings: Continue Reading “How Can You Unlock Your ERP?”
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”
To an outsider, the lean manufacturing world can look a little like alphabet soup. Within five minutes of any lean meeting, you will hear acronyms that can seem like the letters are strung together with no rhyme or reason.
But as you and your company embrace lean, those letters start to work like alphabet magnets on a refrigerator. They are purposefully arranged to form acronyms and concepts that separate lean from, well, not-lean. (Side note: “not-lean” is probably not a term real Lean pros would use.)
Let’s take a look at the following 26 terms to better understand what makes lean manufacturing effective. And who knows, we might just learn a term for “not-lean.” Continue Reading “Lean Manufacturing: 26 Terms Lean Factory Professionals Should Know”