All Posts Tagged "plant floor"...
Supply chain and operations management professionals have a love-hate relationship with inventory. In production, there’s nothing worse than getting ready to start a job and discovering that parts are unavailable. Likewise, from a customer service perspective, it’s impossible to fulfill customer demand without the right amount of the right inventory at the right time. People in our profession love having parts and products when we need them, but hate any amount of inventory that ties up company money; takes up space; and causes extra, non-value adding work to handle, store, count, and manage.
Technology gives us new capabilities all the time and many of them are vital tools for gaining and maintaining a competitive edge. But tools must be viewed and applied in context to be of benefit.
March 2012. Advice and Assistance for Manufacturers. Raw materials and parts inventory is maintained at a level that is required to meet the needs of the plant based on the production schedule and adjusted by procurement considerations like lot sizing
Advice and Assistance for Manufacturers
Manufacturing systems have been with us for several decades, progressing from simple inventory accounting through increasingly complex and comprehensive product suites: MRP, MRPII, ERP, finite scheduling, supply chain, advanced planning and optimization, inclusion of CRM in the suite, and so on.
Reprinted from Logistics Online Lean manufacturing is, more than anything else, an attitude. Lean is a focus on identifying and eliminating waste – defined here as anything that doesn’t add value. A variety of techniques and approaches can be used