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29 results for "inventory"

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  • Lean Mind

    Hi All, today , during my travel from the house to the work I reflected on something that I always reputed as a my limit, I have not a big memory !! Reflecting now I think that fortunately it is not a limit but it is an advantage and with this post I try to explain the reasons. How many memori...

    Tags: just in time, inventory, WIP, lean mind, lean manufacturing

    Created

  • What is Throughput Accounting?

    Throughput Accounting (TA) can be understood as a simplified accounting system based on Theory of Constraints (ToC) principles. TA makes growth-driven management and decision making simpler and understandable even for people not familiar with traditional accounting. Beyond simplifying, TA has a d...

    Tags: Theory of Constraints, cost, inventory, Net Profit, Operating Expenses, ROI, Theory of constraints, Throughput, Throughput Accounting, throughput analysis

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  • Installing Cycle Counting – An Inventory Fairy Tale

    Once upon a time there was a middle aged man named Inventory-Ed who led the charge on a 100% inventory count once a year. He worked in a small metals warehouse with some minor cutting and fabricating capability. The warehouse was a union shop so when he did his annual counts he pulled from the no...

    Tags: supply chain, Tool use, cycle counting, inventory

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  • Profitless Part Proliferation

    I wrote a post a little more than five years ago about Variety Reduction Program (VRP), an amazing but little known product design optimization tool.  At the time I referred to VRP as an idea whose “time had not yet come.”  Last week, as I gave a short presentation on VRP, I...

    Tags: lean manufacturing, Old Lean Dude, GBMP, hoshin kanri, inventory, kaizen, poka-yoke, shigeo shingo, Toast Kaizen, toyota production system, TPS, true north, value stream mapping

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  • How to identify the constraint of a system? Part 3

    Inventories and Work In Progress (WIP) can be helpful clues to visually identify the bottleneck or constraint in a process, but they can also be insufficient or even misleading as I explained in part 2 of this series. It is often also necessary to study material and parts routes to really underst...

    Tags: Theory of Constraints, A-plant, bottleneck, constraint, Economic Order Quantity, inventory, misallocation, T-plant, Throughput, V-plant, WIP

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  • Common Misconceptions About Building a Supply Chain

    I recently had a very informative phone conversation with William T. Walker, CFPIM, CIRM, CSCP, about his most-recent book, Supply Chain Construction: The Basics for Networking the Flow of Material, Information, and Cash. During our conversation, I asked Bill: “What are the most common misc...

    Tags: customer demand, end-to-end supply chain, import/export, inventory, lead time, Supply Chain Construction, supply chain network, William T. Walker

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  • The 8 Forms of Deadly Waste in Lean Six Sigma

    The 8 Forms of Deadly Waste in Lean Six Sigma Lean Six Sigma is one of the most advanced and effective methodologies available for business process improvement and optimization. It is especially adept in battling a wide range of problems and inefficiencies. To help better understand and deal with...

    Tags: Green Manufacturing, Six Sigma, Six Sigma Overview, Six Sigma Tools, business process, business process improvement, deadly waste, defects, downtime, employee skills underutilization, inventory, lean six sigma, motion, non-valuea added processing, overproduction, transportation, waiting

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  • Continuous Improvement: Prevent frustrations related to the S curve

    When implementing some solutions, like in continuous improvement, project managers better take care about the frustrations related to the S curve. S curve The “S curve” is the shape of the performance curve over time. It describes a latency (t1) before the performance p1 takes o...

    Tags: Lean Management, continuous improvement, inventory, kaizen, Little's law, ROI

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  • How to identify the constraint of a system? Part 2

    When trying to find the system’s constraint, why not simply asking the middle management? At least when Theory of Constraint was young, our world spinning slower and processes simpler, the foremen usually had a common sense understanding of their bottleneck. They knew what machine to l...

    Tags: Theory of Constraints, bottleneck, constraint, fifo, inventory, WIP

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  • Supermarket vs. FiFo – What Requires Less Inventory?

    To create pull production between two processes, you can add either a FiFo lane or a supermarket. In one case you will have the FiFo as part of a bigger kanban or CONWIP loop, and in the other case you split the value stream into two different kanban or CONWIP loops. Some questions that I &hellip...

    Tags: Inventory, Pull, Kanban, Material Flow

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