By implementing a SIOP process you’ll be in a better position to leverage your resources for a speedier inventory velocity. Inventory velocity not only accelerates cash flow but it also can contribute to margin improvement. How do we turn inventory faster and keep our money in motion vs. stagnating in the back of our warehouse?
Completing a physical inventory is a necessary part of inventory management because accuracy doesn’t just happen, it needs to be achieved.
A master schedule is an integral part of your production plan and communications to your team to centralize focus.
Have you heard of the PDCA model (Plan, Do, Check, Act)?
There are very few companies who will become wildly successful by inventing the new iPhone.
Consider starting an apprentice program if you'd like to leapfrog your competition by having the "right skills" in the "right place" at the "right time".
More than ever manufacturing and distribution operations are linked and fueled by people worldwide.
To achieve significant progress on new organizational processes or systems tackle the fundamental to do list first: understand your current processes to figure out where the opportunities for improvement and systems leverage lie.
Do you have enough of the "right" skills and "right" people? Unlikely so.
Instead of following this path to work hard yet leave many half-finished projects hanging around, we need to create and implement a culture of innovation.
