Minimizing or eliminating waste at every step of the manufacturing process is the quintessence of lean manufacturing. In the lean system, inventory is recognized as waste or inefficient when the on-hand inventory that a plant maintains is more than what is required in the immediate production cycle. As opposed to the traditional manufacturing operations that [...]
BI tools have evolved from being reactive instruments to proactive assets. They have grown from static to dynamic and transformed from reflective to predictive. They’ve passed from the hands of power users to give power to the users. As BI continues on its path of evolution, let’s take a look at some the most [...]
Supply chain managers are often in a fix when measuringPerfect Order Fulfillment. Most of their troubles arise from either measuring too much or not knowing how to define and build the reports that they need. Perfect Order Management has never been easy. Today, with ever shrinking operating margins, declining sales, and complex supply chains, [...]
