We don’t manage inventory

Despite the focus on inventory (check out Dave’s article “Inventory errors cause revenue losses”), we as operations managers, do not actually manage inventory. We manage production, resources, sales, etc. Inventory is a visible measurement of the success of our efforts.

It’s all about Lead Time

Lead time is arguably the most important factor in manufacturing and distribution. To a great extent, it determines how you set up your business, what inventory you carry and where/why, what you can offer to your customers, and how agile and responsive you can be to changing conditions and changing demand.

3D printing gains traction

posted in: Dave's Blog, Manufacturing | 0

3D printing is radically changing the world of knee and hip implants. At best, the replacement joint is a reasonable fit and quite functional. This is an ideal use of 3D printing and represents a radical change in the way replacement joints are made and used . . . but is the technology ready yet?

Regional Sourcing

Does your company do business in a local or regional market or do you focus on importing parts and materials while exporting products? If it’s the former, you may be ahead of your time.

What’s in your holiday stocking?

Business and profits can increase in the coming year, new products can soar to unexpected heights, inventories can shrink (in a good way) and productivity can reach an all-time high. Now here’s the bad news: none of these things will be delivered into the stocking hung on the fireplace mantel by some jolly fat man in a soot-stained red suit.

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