Unleashed

OCTOBER 16, 2023

Six Sigma – Six Sigma is an inventory management technique that centres around reducing inventory defects and variations. Six Sigma takes a data-driven approach and uses statistical analysis to identify and eliminate unnecessary steps, thus improving efficiencies within your inventory management process.

Inventory Management Software 52

Inventory Management Software Material Savings Inventory Management Inventory Reduction 52

GlobalTranz

MARCH 23, 2016

The focus is to eliminate all wastes in the organization, improve processes, solve root cause problems, create a pull environment, and ensure that Lean Six Sigma (LSS) works for quality and daily problem solving using DMAIC (Define, Measure, Analyze, Improve, and Control) and PDCA (Plan, Do, Check, and Act). Why are we doing this?

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Lean Sustainability 120

SCMDOJO

MAY 10, 2023

With ERP, you get the best of both worlds – a single source of truth where master data creation takes place, and this wealth of information becomes accessible to all programs and authorized customers. Data Accuracy measures data quality with consideration to key metrics like its accuracy, totality, and reliability.

Optimal Sourcing 124

Optimal Sourcing Government Quality Supply Chain Design Software 124

Talking Logistics

DECEMBER 5, 2017

The advent of transportation management systems (TMS) in the 1990s introduced near-infinite metrics and data points into the supply chain yet brought with it more questions than answers: How do we centralize the data? Most systems are flexible enough to merge data from external sources into the algorithm architecture.

Prescriptive Analytics Software 106

Prescriptive Analytics Software Analytics Software Supply Chain Design Software Predictive Analytics 106

Kinaxis

FEBRUARY 17, 2015

by Matt Benson If your 3PL supply chain problem was to deliver 400,000 items daily from supplier to customer and your on-time in full metric was a six-sigma target standard of 1 failure per million, how would you do it? The common themes we are hearing are: Inventory cost reduction. Sales and Operations Planning.

Pharmaceutical 100

Pharmaceutical Supply Chain Planning Software Modeling Scenario Planning 100

SCMDOJO

APRIL 26, 2023

Category management may involve the splitting of products (goods or items) or services or may relate to the dissecting of products or services by value, supplier, type, or volume into various categories to allow for easy management and sourcing. Sourcing decisions also play a role in the categorization of items or services.

Procurement Solutions 108

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 108

Supply Chain Action Blog

FEBRUARY 18, 2021

This is one of the benefits of a functional Sales and Operations Planning or Integrated Business Planning process that is supported by shared and consistent metrics across business functions. Accurately – calculate safety stock. We cannot know for certain what demand will be tomorrow.

Inventory Management Software 40

Inventory Management Software Inventory Management Inventory Reduction Inventory 40

Requis

NOVEMBER 18, 2020

Thanks to my background in finance and Six Sigma, I can start by asking what the baseline is, what is the agreed measurement of the baseline, and then we work towards improvement, and quantify again. And, no surprises here, I attach metrics so I can measure the baseline. You build your supply chain based on that.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 52

SCMDOJO

AUGUST 4, 2023

Try thinking of it this way, if you plan to make big profits, you would need to invest and diversify your portfolio into several sources to improve your chance of success. But times are changing, the use of reduce inventory offers more quality and useful performance metrics. But when should you consider reducing inventory?

Inventory Reduction 98

Inventory Reduction Material Savings Cost Reduction Strategies Waste Reduction 98

SCMDOJO

JUNE 14, 2023

A 3PL integration orchestration solution can have different components depending on the specific needs and capabilities of the 3PL and its stakeholders, but some standard elements are: Data integration: This component allows the 3PL to connect and exchange data with various sources, such as ERP, WMS, TMS, e-commerce platforms, and IoT devices.

3PL 105

3PL Supply Chain Design Software Prescriptive Analytics Software Inventory Management Software 105

Supply Chain Opz

JUNE 1, 2014

There are two things Boeing and Airbus have in common, utilization of lean manufacturing system and strategic sourcing concept. However, the overall implementation of strategic sourcing is a bit different between the two companies. The secret behind its supply chain success is the use of Six Sigma approach.

Case Study 239

Case Study Supply Chain Planning Software Supply Chain Design Software Study 239

Supply Chain Shaman

NOVEMBER 14, 2016

Over the period of 2009-2015, only 88% of companies made improvement on the Supply Chain Metrics That Matter. To meet the criteria for The Supply Chains to Admire for 2016, companies needed to score better than their peer group average for performance metrics, while driving a higher level of improvement than 2/3 of their industry peer group.

Supply Chain Planning Software 150

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Supply and Demand 150

Supply Chain Shaman

OCTOBER 7, 2012

For mature supply chain organizations, it is a natural extension of six sigma. In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year.

Supply Chain Design Software 231

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Inventory Reduction 231

Logistics Bureau

JANUARY 19, 2016

How to fix the problem: Some measures that your company can take to prevent supply chain cost blowouts as a result of inefficiency include: Implement a continuous improvement program, such as lean or Six Sigma. Implement performance metrics and monitor a selection of key performance indicator. Freight Costs.

Supply Chain Planning Software 40

Supply Chain Planning Software Cost Reduction Strategies Negotiating Skills Agile and Lean Supply Chain 40

Logistics Bureau

JULY 18, 2022

Other sources that can reveal details about your competitors’ supply chains. If that’s the case, you must implement a new suite of properly aligned metrics to monitor performance and progress towards your supply chain goals. Former employees who can give you some inside information. Lean supply chain practices. Probably not.

Inventory Reduction 91

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction Strategies 91

Supply Chain Opz

JANUARY 31, 2016

Background Statistical thinking as in total quality management and six sigma has been around for quite some time. When more diverse sources of data and data volume are available more readily, many businesses find it overwhelming to make sense of these data.

Six Sigma 100

Six Sigma Big Data Analytics Analysis 100

SCMDOJO

JULY 3, 2023

Choose between a broad overview of procurement and a focused course that focuses on certain topics like strategic sourcing, contract management, or supplier relationship management. Throughout this course, you will gain valuable knowledge and practical insights on various aspects of the sourcing process in procurement.

Purchasing Training 98

Purchasing Training Negotiating Skills Buyer Training Manufacturing Procurement 98

The Lean Supply Chain

JUNE 9, 2015

Voice of the Customer (VOC) is a critical component of Six Sigma, helping us establish measures that serve as a foundation for each of the DMAIC (Define, Measure, Analyze, Improve and Control) phases , but, beware the common mistakes of VOC. This served as a key source of recommendations to implement across all Agencies.

Six Sigma 40

Six Sigma Optimal Sourcing Sourcing Strategies Groups 40