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7 Ways to Optimize your Inventory Levels

7 Ways to Optimize your Inventory Levels

An understanding of the inventory and the role it plays in supply chain management, its cost implications, and ways and means to optimize it are all essential issues in determining your business’s profitability. In this article, to increase your practical knowledge that would go towards making your business gains a competitive advantage, we would elaborateRead more about 7 Ways to Optimize your Inventory Levels[…]

Reduce Your Warehouse Cost by using Kaizen Principles

Reduce Your Warehouse Cost by using Kaizen Principles

  Keywords: WAREHOUSE, KAIZEN, REDUCE, COST, WASTE, MATERIAL, Kaizen Principles, OPERATION, PROCESS, PRODUCTION.LAYOUT PLANNING We have seen in our previous article, wherein we have described¬† Kaizen focuses on eliminating the 7 types of wastes, (also known as 7 deadly wastes), VIZ: overproduction, (producing more than what has been scheduled) waiting (poor balance of work leadingRead more about Reduce Your Warehouse Cost by using Kaizen Principles[…]

Kanban

Kanban

KEYWORDS: LEAN, KANBAN, PRODUCTION, MATERIAL, TEAM, WORK, LIMIT, WIP, WIP limits, IMPROVE, CYCLE TIME, SUPPLY, SUPPLY CHAIN The dot com bubble and the ensuing recession that shook the global economies, especially the original equipment manufacturers, (OEMs) in the electronics industry and information technology companies drove them to take cognizance of ‘Lean Manufacturing’ as a businessRead more about Kanban[…]

Inventory Optimization

Inventory Optimization

How to optimize your inventory levels Carrying inventories means carrying material costs within your organizations. It’s possible to find opportunities to optimize your inventory levels. You can reduce inventory excess, detect unnecessary list, highlight obsoletes materials occupying space. Make sure your inventories are in the right levels and take actions whenever you find a gap.Read more about Inventory Optimization[…]