When are parts not just parts? Recently, LeanDNA was featured as a best-of-breed solution to consider for augmenting direct material processes as part of a call for improvement in supply chains by Lora Cecere, lead analyst at Supply Chain Insights. Below are highlights from the article, or read the full article at Supply Chain Insights.
- Supply chain management is more complex than ever before and requires the oversight of a nonlinear, and often very unpredictable, system
- Many companies that are being held hostage to ERP upgrades with 70% cost overruns and 60% time-schedule expansion
- Over 90% of companies have deployed ERP and APS, but inventory levels have grown, not decreased
- PFEP enables supply chain leaders to glean a 360-degree view of their inventory and procurement policies to maximize the value of each inventory dollar. But PFEP “tune-ups” often require time-consuming and manual Excel analysis that limits the frequency of optimization
- All of the standard forms of inventory management (ERP, MRP, PFEP) are not enough, and there is a need for
- Prioritized Inventory Actions
- Order Policy Optimization
- Cross-Site Analytics
- Shortage Management
- Performance tracking to drive accountability
- By using best-of-breed technologies like LeanDNA in the cloud and linking to ERP data, business teams improve their ability to get to data by 15–20% while also improving the effectiveness of decisions
- Business users of LeanDNA average 15% raw material savings, improve customer service, have greater cross-functional alignment, and better manage materials
Are you building a smart factory?
When it comes to the factory management capabilities gap, factory leaders are drowning in data. The best way to start your smart factory is with a digital transformation. Digital transformation in the smart factory means standardizing and automating manual processes.
Check out the four main focus areas of smart factory management transformation.
Sometimes taking the first step is the hardest when it comes to minimizing inventory cost.
This world leader in aerospace equipment and systems knows the struggle. However, when faced with an overwhelming amount of manual prioritization tasks, Zodiac was able to find a solution that not only reduced fatigue but saved a lot of money.
See how Zodiac Aerospace was able to shave millions in inventory costs.
