article thumbnail

Three ways supplier collaboration creates real value for manufacturers

ivalua

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. the bill-of-materials target cost through the entire product lifecycle. Innovating.

article thumbnail

Three Ways Supplier Collaboration Creates Real Value for Manufacturers

ivalua

Let’s examine three ways that better collaboration with supply partners creates value for a manufacturer from product design through demand planning. the bill-of-materials target cost through the entire product lifecycle. Innovating.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Supply Chain Department – A Typical Structure

SCMDOJO

This includes implementing lean manufacturing principles and utilizing advanced planning software, so businesses can optimize production processes and minimize waste. Demand Planning and Inventory management Inventory management is crucial for ensuring adequate stock levels and minimizing carrying costs.

article thumbnail

What is the Digital Supply Chain?

Supply Chain Game Changer

This demand would be translated to bills of material and component requirements through manual or semi-automated means. Purchase orders would be written out by hand and mailed or faxed to suppliers with buyers calling suppliers on the phone to tell them about their needs as well as the inevitable changes in demand.

article thumbnail

Double Inventory Turnover In 9 months!

Supply Chain Game Changer

Supply/Demand Planning. As it turns out there was previously no Supply/Demand Planning process in the company. Yet many bills of material had cycle times of 1-2 weeks. The implications of this are incredible. We applied Lean manufacturing techniques to reduce the actual cycle times regardless.

article thumbnail

Do You Want Inventory Turnover Breakthrough? Define and Manage The Levers!

Supply Chain Game Changer

Supply/Demand Planning. The inputs to your SIOP (Sales, Inventory and Operations Planning) process, as well as your MRP system, determine the amount of inventory you plan to order from your suppliers in order to meet that demand. For my purpose the 6 main levers I defined here fit best with our business model.

article thumbnail

Double Inventory Turnover In 9 months!

Supply Chain Game Changer

Supply/Demand Planning. As it turns out there was previously no Supply/Demand Planning process in the company. Yet many bills of material had cycle times of 1-2 weeks. The implications of this are incredible. We applied Lean manufacturing techniques to reduce the actual cycle times regardless.