Innovation Tips from the APICS-IE Executive Panel & Networking Symposium
A common problem with thinking about 10 tips (let alone the 100 tips we probably received at the symposium) is that it can be overwhelming. Instead, pick your favorite.
A common problem with thinking about 10 tips (let alone the 100 tips we probably received at the symposium) is that it can be overwhelming. Instead, pick your favorite.
Bold ideas in employment may be counterintuitive but you have to be willing to fail to win big.
Inventory accuracy is fundamental to manufacturing and distribution. A 3-tiered cycle counting system can simplify inventory management while improving accuracy.
Focus on operational cost reduction strategies to continue growing efficiently while also giving yourself pricing wiggle room.
Developing and maintaining a working production plan is no easy feat, but the best planners make the job seem effortless.
Inventory management relies on fundamentals like cycle counting to catch discrepancies. But it has to be coupled with a focus on process disciplines or you’ll end up reliving the same problems every day.
Business processes should evolve as the business climate changes by keeping an eye out for emerging trends and finding opportunities to pull ahead of the competition.
By implementing a SIOP process you’ll be in a better position to leverage your resources for a speedier inventory velocity. Inventory velocity not only accelerates cash flow but it also can contribute to margin improvement. How do we turn inventory faster and keep our money in motion vs. stagnating in the back of our warehouse?
Completing a physical inventory is a necessary part of inventory management because accuracy doesn’t just happen, it needs to be achieved.
A master schedule is an integral part of your production plan and communications to your team to centralize focus.