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Troubleshooting by Defining Standards

The Lean Thinker

A few years ago I posted Organize, Standardize, Stabilize, Optimize and talked in general terms about the sequence of thinking that gives reliable outcomes. DEFINE a process for process improvement – how to alternatives get confirmed and incorporated vs. random mutations? Identify process failure points and sources of variation.

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How to Improve Inventory Turnover with Inventory Optimization

EazyStock

How to Increase Inventory Turnover with Inventory Optimization. The concept of inventory optimization helps many businesses improve their inventory turnover – without damaging stock availability. This post will explain how, but first, let’s deal with a few simple definitions. Improve demand forecasting accuracy.

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What’s the Latest Definition of an Enterprise TMS

Turvo

An enterprise TMS is a logistics platform used to aid businesses in planning, executing, and optimizing the specific functions of handling incoming and outgoing shipments. These platforms play a central role in the modern supply chain network and effectively optimize business for logistic organizations.

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MES vs MOM: Understanding the Key Differences

SYSPRO Smarter ERP

Smart factories use IoT-enabled technologies like sensors and smart machines to generate data, often in real-time, to improve information about production processes and help decision-making. MOM solutions aim to connect, manage, and optimize complex manufacturing systems and processes. What is an MES? MES is a subset of MOM.

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. To improve the entire network’s responsiveness to increasingly shortened lead times, trading partners are working together to seamlessly manage product flow throughout the supply chain and across all fulfillment channels ? And Agility Can Help Improve Profitability Too?

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Companies Improve their Supply Chains with Artificial Intelligence

Logistics Viewpoints

Machine Learning, a Form of Artifical Intelligence, Has Feedback Loops that Improve Forecasting. Further, while artificial intelligence helps solve certain types of problems, Jay Muelhoefer – the chief marketing officer at Kinaxis pointed out – optimization and heuristics work better for other types of planning problems.

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What is LTL Shipping and How Does it Work?

3PL Links

Image source: iStocks | What is LTL Shipping and How Does it Work? This article will provide a detailed reference to LTL shipping, including the definition of LTL, shipping prices, delivery method, and how to manage your LTL shipment to the fullest. How to optimize LTL shipping? What is LTL freight?