IndustryWeek – November 4, 2015
IndustryWeek – November 4, 2015
Virtual reality technology has been around for decades in a variety of research applications. The military has used virtual reality to simulate parachute landings and flight simulators. Virtual reality became commercially popularized through video games and movie media such as Lawnmower Man. This technology has continued to evolve for use in major urban development projects, and has currently evolved to a point where it is being applied to manufacturing, retail, distribution, installation, and healthcare supply chain operations.
Virtual reality supply chain management is the future for organizations that wish to achieve a significant competitive edge with their customers and markets. Those who choose to ignore this technology will be left in the dust of great supply chain organizations
What is a Virtual Reality Supply Chain?. [Read more…] about Virtual Reality Supply Chain Management
The Sales and Operations Planning Process (S&OP) is the engine of global supply chains. S&OP is one of the most important core processes in organizations because ultimately the process determines the quantity, mix, and logistics of supplying products to customers. It also determines the total supply chain risks, costs, time, premium freight, lost sales opportunities, excess/obsolete inventory, inefficient manufacturing, warehousing, and distribution operations, supplier performance issues and many other wastes – all of which add millions of dollars in operating costs. [Read more…] about Sales and Operations Planning (S&OP), Part 1: The Sales Detractors of Performance
The evidence of change is all around us every day. Lean, Six Sigma, and continuous improvement in general is in need of a major upgrade to reflect the changing industry structures, business requirements, innovations in technology, and cultural development needs. Again, the problem is not with Lean or Six Sigma or other approaches by themselves. The tools-based methodologies of improvement are not robust enough to address a rapidly evolving spectrum of complex, higher order opportunities – opportunities that are either deeply hidden, and opportunities that are totally unknown and waiting to be discovered. [Read more…] about Lean and the Internet of Things (IoT)
Every organization agrees in principle that effective and efficient global supply chain operations are crucial for improving strategic and operating performance. A closer look at many of the daily attempts to improve supply chains actually end up disrupting and increasing complexity in supply chains resulting in poor customer service, excess cost, low operating performance, and reduced revenues. Slashing inventory levels, eliminating people, constantly squeezing suppliers for price concessions, and other quick and well intentioned efforts is the wrong approach to creating breakthroughs in supply chain performance. Instead, organizations should be more focused on reducing complexity, eliminating waste, and creating new operating synergies. Fact is, many people do not understand their end-to-end supply chain process streams, their product portfolio and SKU performance, and the logical basis for sourcing, building, and distributing goods and services within their global supply chain network. Improving strategic supply chain performance is a very large and complex undertaking. [Read more…] about Rationalizing Global Demand and Supply Chains
All organizations in all industries are entering a new era of Lean. Even Toyota is searching for a new and superior industry model to address the new global challenges of our times. They have enjoyed superior success with The Toyota Way for nearly seventy years! So why the new era? It is not that Lean is bad; The world has changed dramatically and is introducing new business challenges and technology innovations that exceed the capabilities of how and where Lean has been implemented in the past.