Cost Reduction Exercises Tools 
The Lean Thinker
JULY 2, 2024
With the justification aside, they next had us go through exercises calculating net present value and ROI for a hypothetical capital investment in tooling – as though a shop floor supervisor would do this at any point in the course of their job. Those costs were out of control. Elimination of waste: Focus on adding value.
Logistics Bureau
NOVEMBER 26, 2024
Any warehouse design exercise that doesn’t include a rigorous approach to designing the processes and equipment layout for Order Picking, is suspect. Good order picking processes can save labour costs, increase productivity and customer satisfaction and ultimately more revenue and a competitive advantage.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Logistics Viewpoints
MAY 22, 2023
When most people hear the word “optimization,” they immediately think about minimizing costs. Moreover, this exercise might need to be repeated several times depending on how the war proceeds. Do we have a demand forecasting tool in place and, if so, how good is that forecast? But optimization is much more than that!
Logistics Viewpoints
MAY 23, 2024
However, the lag in the Sales and Operations Planning (S&OP) cycle exacerbates issues like inaccurate forecasting, reduced agility, higher error rates, increased costs, limited scenario planning, and sustainability challenges, ultimately undermining supply chain performance and eroding executive confidence in the supply chain as a value driver.
Logistics Bureau
JANUARY 2, 2025
So thats the route were taking in this article (no pun intended), we’ll be exploring the evolution of fleet route optimisation from a time-consuming pen-and-paper exercise to a high-tech process that, in some cases, can be completed in minutes. Automated route planning software is improving in effectiveness and costs are coming down.
Logistics Viewpoints
FEBRUARY 2, 2023
This article explores two such ways modern digital tools can elevate the performance of 3PLs on the way to creating stickier customers. When billing rates and effective dates change, a system alert notifies both parties in advance, eliminating misunderstandings through improved, proactive communications. But can technology do more?
The Logistics of Logistics
MARCH 14, 2023
Reduces operational costs by defining and automating data collection and management processes, and developing analytic tools to provide insights into trends and inefficiencies. Best Practices of Data Governance in Logistics Considering the large amount of data generated in the logistics industry, data governance is critical.
Expert insights. Personalized for you.
397 
Let's personalize your content