The challenges of Today's Complex Supply Chains
In today’s on-demand environment, companies are facing growing challenges around market volatility, costs, long lead-times and unpredictable forecasts. Your inventory management decisions can make or break your factory’s financial bottom line. LeanDNA's Lean Procurement solutions lets your company meet these daily challenges by optimizing working capital efficiency.
Manufacturing operations have become more global and complex. Customers demand more but want to pay less. Companies expect their procurement and supply chain organizations to provide purchased materials and assemblies on time, at the lowest costs, and highest quality to meet their customer demands. But Procurement staff often lack the processes and visibility to drive the efficiencies required in today's competitive environment. The lack of analytical tools and Lean Best Practices often results in suboptimal order policies and quantities. The end result is often excess inventories and missed deliveries.
Purchasing organizations cannot afford long material lead-times. Today’s “pull system” supply chain replenishment processes are better than traditional procurement practices but they are still not optimal.
What are the financial and business objectives for your company? Inventory management and supply chain decisions are quickly becoming the most critical component in the financial performance of your company.