Over the past 30 years, the percentage of the U.S. GDP devoted to logistics costs has dropped from 17.9% in 1980 to 8.3% in 2011, which is a testament to how smart companies have gotten at reducing ...
A lean supply chain defines how a well-designed supply chain should operate, delivering products quickly to the end customer, with minimum waste. A lean supply chain is a great enabler for any ...
The supply chain industry is at a crossroads. Once upon a time, when most products and components were in abundance, a lean supply chain was a miracle of efficiency. Lean principles were used in every ...
Lean and just-in-time (JIT) strategies are still vital to supply chains. Lean management practices JIT strategies may have taken a beating in recent years, but only because companies relied too ...
There’s been a long-held concept that a supply chain could be agile or lean, but not both. In last month’s article, we explored how with the right digital transformation, there is no reason why a ...
It’s December, and time once again for our annual Executive Guide to Supply Chain Resources. This is a comprehensive guide to services, products, and educational opportunities targeted specifically to ...
Editor’s Note: Every year, 40 or so students in the MIT Center for Transportation & Logistics' (MIT CTL) Master of Supply Chain Management (SCM) program complete one-year thesis research projects. The ...
Because lean manufacturing reduces waste and increases the efficiency of your production line, it has an impact on other parts of the business. Converting to the new system requires adjustments within ...
Here’s my 2018 prediction: Sustainability will be the new lean. How do I know? Because the right side of my brain won’t let it go and the left side stopped pushing back. Everything’s pointing in this ...
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