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Your supply chain is costing you money – Reason #9: Relentless pursuit of one metric at the expense of other metrics.

Kinaxis

The typical example is as follows; A company uses complex software to model the supply chain considering a desired customer service level, lead time data, and statistical analysis of supply and demand variability. CQI, TQM, Six-Sigma, Lean, etc. One example that I’ve seen several times is around inventory targets. maybe a bit).

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25 Lean Manufacturing Tools – 5S, Six Sigma & Beyond

Unleashed

Here we look at the most common tools and techniques used to bring the advantages of lean into the modern manufacturing workplace. In this guide to lean manufacturing tools: What are lean manufacturing tools? Indeed, these tools could be several different things, such as: New shop floor layouts. Big data frameworks.

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What Does a Procurement Manager Do? Job Description and Requirements

SCMDOJO

If you’re eyeing a role as a Procurement Manager (or are looking to hire one), you’re in the right place! As a procurement Manager, you’ll play a crucial role in overseeing the purchasing and procurement process for a company or organization, making sure they get the best bang for their buck.

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Understand the Pitfalls of IBP Before Embarking on a Supply Chain Transformation

Logistics Viewpoints

GEON Performance Solutions purchases plastic pellets and add plastic compounders to make products of different strength, resilience, and flexibility. GEON Embarks on a Digital Transformation GEON Performance Solutions is embarking on a supply chain transformation. The solution to peanut butter costing is activity-based costing.

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Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

Perfection (Lean principle: Six Sigma) : Continuously refine your inventory management processes to improve quality , cycle time, efficiency and cost ( Six Sigma: DMAIC. In the 1980s, the concepts of Total Quality Managements (TQM) and Six Sigma that were advocated for by W.

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Category Management in Procurement: A Comprehensive Overview & Best Practices

SCMDOJO

Category management is a procurement strategy that involves grouping similar products or services together into categories and managing them as a single unit. This approach can help organizations streamline their procurement processes, negotiate better deals with suppliers, and ultimately save money.

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Procurement Synonyms: All The Words You Need to Know in 2023

SCMDOJO

Whether you’re a seasoned procurement professional or just stepping into the world of sourcing and acquisitions, understanding the nuances of procurement synonyms can make all the difference. So, get ready to elevate your communication skills and gain a deeper understanding of the procurement domain.