In the last week, not only have there been several articles about the positive strides manufacturing is making but it also has come up in several presentations we've attended such as the economic forecast. Here is a compilation of just a few of the HOT topics and trends.
Manufacturing isn't showing signs of slowing down.
My colleague and I led a Kaizen workshop on metrics last week with a process manufacturing client. It is always interesting to brainstorm which metrics are the most relevant in tracking a company's success. They are NOT always the same.
Growth is a hot topic. Regardless of your industry, if your company isn't growing, it is dying.
Walmart elevates supply chain efficiency with rigorous OTIF standards, urging suppliers to enhance delivery performance or face penalties.
Increased margins and company growth are easier to reach when process disciplines are emphasized within an organization
The most common inventory accuracy pitfalls stem from minor problems but will snowball into bigger headaches if the root causes aren’t caught and resolved.
Are you keeping close tabs on your inventory management practices? Improving just one aspect of your inventory can lead to improved service, margins and cash flow.
Oftentimes we spend countless hours planning a project with details, responsibilities and timelines, only to forget to work the plan. Once a plan is done, refocus your energy to execution.
Inventory management may be a less exciting supply chain topic but it is the linchpin in a manufacturing or distribution business.
