Exercises Study Waste Reduction 
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. These study missions were quite eye-opening for the participants. Customer-driven.
GlobalTranz
JANUARY 21, 2015
As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. Vendor Managed Inventory Model for Supply Chain Cost Reductions. What is Reverse Marketing? What is Value Analysis?
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The Lean Thinker
FEBRUARY 9, 2021
We had case studies, exercises, all in an effort to teach people to be better problem solvers. ” In Toyota Kata world we have reduced those questions down to the critical few in the Coaching Kata. If you don’t then you are wasting their time and your money sending them to that class.
The Lean Thinker
OCTOBER 13, 2020
The article, in turn, summarizes (and slightly updates) Spear’s findings from his PhD work studying Toyota. But in general the operators hurry, cut a corner now and then. To paraphrase Elon Musk, the greatest waste of time is improving something that shouldn’t even exist. Kent Bowen. What is its purpose?
Logistics Bureau
JANUARY 7, 2020
Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.
Logistics Bureau
MAY 31, 2021
Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Again, these are changes that can add to your cost-to-serve, and, during your transition, you might not have had time to look for ways to reduce expenditure. Rework – due to errors.
Logistics Bureau
NOVEMBER 6, 2023
Recent studies have shown that among the challenges frustrating warehouse and distribution centre managers this year, rising energy and labour costs are two of the most often cited. We hope the tips and ideas in this article will help you make inroads into warehouse energy and labour cost reduction.
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