Download or read book Supplier Inventory and Operations Management Process Improvement Methodology written by Stephen Richard Herington and published by . This book was released on 2013 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Building Construction Products (BCP) Division of Caterpillar makes 12 different loader, excavator, and tractor products with 10 manufacturing facilities worldwide. With relatively high volume machines, BCP saw that their supply base continued to have challenges in managing their inventory levels when machine volume and mix would change. Challenges included poor Supplier Shipping Performance (SSP), Point of Use (POU) availability, and inventory turns. These failures translated into poor Committed Ship Date (CSD) performance; which also directly impacted the overall cost of production and profitability of BCP. For example, coming out of the 2009 recession, suppliers were unable to keep up with BCP's increasing demand; which was attributed to supplier's lack of confidence in the BCP forecast, and only reviewing a 13-week capacity outlook. Therefore, BCP would like to have visibility into their supplier's planning processes, and through enhanced collaboration and communication, improve both BCP and their supplier's performance. To obtain the expected result, the scope of the project was to evaluate the Sales & Operations Planning (S&OP) processes of two identified suppliers. While the primary goal of the project was to develop a robust BCP Supplier S&OP process, the performance improvements were generated from Inventory and Operations Management tool creation and process improvement. The project followed the 6 Sigma approach of DMAIC to clearly evaluate the S&OP processes at both BCP Leicester and the two identified suppliers. The study concluded, through the development of a Supplier S&OP process that there were several important factors hindering the implementation of S&OP. These factors included capacity planning, planning parameters and inventory management policies. To enable implementation, the following tools were created: 1. Capacity Planning Tool enabled £30k annual cost avoidance on labor, logistics, and equipment through proactive management and scenario planning 2. Batch Size Tool enabled £20k+ reduction of inventory holding costs while also reducing near-term schedule variation to 2nd tier supplier 3. Safety Stock Tool provided inventory levels to align customer service with lead-times Through looking at the current BCP S&OP process at Caterpillar several key issues were identified with the quality of the output. These included lack of accountability for forecast accuracy and a lack of clear BCP Supply Chain strategy. To improve the identified issues the following actions were taken: 1. Created a Forecast Accuracy Tool that quickly identifies areas of concern 2. Submitted a future project proposal for Improving Piece-Part Forecast Accuracy 3. Recommended a future project for Cost Analysis on 8 week order-to-delivery SC model.

Download or read book Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques written by Shah, Nita H. and published by IGI Global. This book was released on 2017-12-22 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stock management and control is a critical element to the success and overall financial well-being of an organization. Through the application of innovative practices and technology, businesses are now able to effectively monitor their operations and manage their inventory by evaluating sales patterns and customer preferences. The Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques is a critical scholarly resource that examines optimization techniques, data mining concepts, and genetic algorithms to manage inventory control. Featuring coverage on a broad range of topics such as logistics and supply chain management, stochastic inventory modelling, and inventory management in healthcare, this book is geared towards academicians, practitioners, and researchers seeking various research methods to get optimal ordering policy.

Download or read book Production And Operations Management written by Poonia and published by Gyan Publishing House. This book was released on 2010-09 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Vendor managed Inventory for High Value Parts written by Peter D. Franke and published by Univerlagtuberlin. This book was released on 2010 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Operations Management Complete Toolbox Collection written by Randal Wilson and published by FT Press. This book was released on 2013-08-08 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt: For operations managers, running a smooth and efficient organization is more crucial than ever -- and it's more difficult, too. Fortunately, there's a secret to success: a proven approach and toolset that can help operations managers free up resources, eliminate unnecessary meetings, and get more done faster. The approach is named "The Power of Completion," and the tools have been honed by expert project managers through decades of experience. In The Operations Manager's Toolbox, operations manager and PMP-certified project manager Randal Wilson shows how to apply the Project Management (PM) discipline to completing the crucial "smaller" tasks that can help the organization quickly drive substantial improvements in efficiency and performance. ¿ The Encyclopedia of Operations Management is the perfect "field manual" for every supply chain or operations management practitioner and student. The field's only single-volume reference, it's uniquely convenient and uniquely affordable. With nearly 1,500 well-organized definitions, it can help students quickly map all areas of operations and supply chain management, and prepare for case discussions, exams, and job interviews. For instructors, it serves as an invaluable desk reference and teaching aid that goes far beyond typical dictionaries. For working managers, it offers a shared language, with insights for improving any process and supporting any training program. ¿ It thoroughly covers: accounting, customer service, distribution, e-business, economics, finance, forecasting, human resources, industrial engineering, industrial relations, inventory management, healthcare management, Lean Sigma/Six Sigma, lean thinking, logistics, maintenance engineering, management information systems, marketing/sales, new product development, operations research, organizational behavior/management, personal time management, production planning and control, purchasing, reliability engineering, quality management, service management, simulation, statistics, strategic management, systems engineering, supply and supply chain management, theory of constraints, transportation, and warehousing. Multiple figures, graphs, equations, Excel formulas, VBA scripts, and references support both learning and application.

Download or read book Overview and Analysis of Operations Management Lean Operations Quality Management and Inventory Management written by James Carter and published by GRIN Verlag. This book was released on 2015-11-26 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2013 in the subject Business economics - Business Management, Corporate Governance, grade: 2,1, University of Bath, course: Operations Management, language: English, abstract: This essay will analyse the key factors which determine ‘success’ and ‘failure’ of quality management (QM), lean operations and inventory management. These three areas of operations management are significant and can dramatically improve a firm’s efficiency, responsiveness and reduce costs.This essay will illustrate how theoretical frameworks can help explain the actions of organisations past and present, and the success of these actions will be evaluated. Managers often fail to understand for operations to be successful, a company wide approach or cultural shift must occur. There is much literature on the application of these operations in a small number of sectors, namely, manufacturing. This essay will analyse the appropriateness of these operations across many sectors and will draw upon case studies as well as my own experience.

Download or read book The Small Manufacturer s Toolkit written by Stephen Novak and published by Auerbach Publications. This book was released on 2005-08-23 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small manufacturers often lack the resources and expertise needed to choose the management philosophies and process improvement techniques that could provide the most benefit to their bottom line. Sorting through all of the available tools and deciding which ones to adopt can be overwhelming. The Small Manufacturer's Toolkit: A Guide to Selecting the Techniques and Systems to Help You Win guides you through the philosophies that are constantly being promoted, enabling you make informed choices. Following an introductory chapter, the author addresses fundamental inventory management and planning tools, including the Sales Operations Planning process that bridges the high-level strategic plan and the midrange master production schedule. The book then discusses Lean Manufacturing and the often accompanying Six Sigma, as well as the aspects of the Theory of Constraints that may cause confusion and prevent implementation. The book reviews many of the most popular quality tools and quality management systems, fostering an understanding of what should be the foundation of any organization. The text also explores project management, and examines the requirements surrounding the implementation and use of ERP systems. It emphasizes awareness and application of Supply Chain Management techniques, and covers productive E-Commerce related applications. The book concludes by providing a diagnostic tool that helps you determine which tools, or aspects of tools, are valid for your organization.

Download or read book Tools and Tactics for Operations Managers Collection written by Randal Wilson and published by FT Press. This book was released on 2013-03-02 with total page 1749 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brand new collection of state-of-the-art operations management tools and tactics… 3 authoritative books, now in a convenient e-format, at a great price! 3 authoritative eBooks bring together today’s most valuable new operations management techniques and solutions! Apply today’s most innovative operations management techniques to improve performance and value in any organization -- even the most complex or constrained! In High Performance Operations, Hillel Glazer shows how to optimize business performance and profitability while maintaining strong governance and compliance. Glazer demonstrates how to integrate lean and systems thinking, and systematically incorporating compliance into planning for overall performance, value, and profitability, rather than viewing it as an end in itself. Learn how to clarify competing interests and implement pre-conditions for success; use systems thinking to promote operational excellence; eliminate single points of failure; establish proof-of-performance; scale your successes, and get more of "what went right"! The Encyclopedia of Operations Management is the perfect single-volume "field manual" for every OM or supply chain professional. Nearly 1,500 well-organized, up-to-date definitions cover every facet of supply chain design, planning, management, and optimization. For the first time, this remarkable reference brings together up-to-the-minute information about topics ranging from accounting and customer service to transportation and warehousing. Next, in The Operations Manager's Toolbox , Randal Wilson helps you use proven project management (PM) tools and techniques to supercharge efficiency, free up resources, eliminate unnecessary meetings, and get more done faster. Wilson shows how to apply PM to complete crucial "smaller" tasks that can deliver rapid and sizable improvements. You’ll learn how to plan, implement, and measure the success of high-impact changes, and organize key tasks so they actually get done. Discover specific techniques for eliminating waste in engineering, manufacturing, distribution, and inventory. Next, learn how to use PM to manage teams, schedules, budgets, and resources more effectively, and systematically predict and mitigate operational risks. Whatever your role in operations management, this unique eBook collection will help you perform far more effectively – in your organization, and in your career! From world-renowned operations management experts Hillel Glazer, Arthur V. Hill, and Randal Wilson

Download or read book Key Concepts in Operations Management written by Michel Leseure and published by SAGE. This book was released on 2010-07-19 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Key Concepts in Operations Management introduces a selection of key concepts and techniques in the field. Concise, informative and contemporary, with consideration given to explaining the principles of the topic, as well as the relevant debates and literature, the book contains over 50 concept entries including: Operations Strategy, Managing Innovation, Process Modeling, New Product Development, Forecasting, Planning and Control, Supply Chain Management, Risk Management and many more.

Download or read book Lean Six Sigma for Supply Chain Management written by James Martin and published by McGraw Hill Professional. This book was released on 2006-11-02 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capitalize on a Powerful, 10-Step Improvement Process to Identify and Solve Supply Chain Problems in Industrial Organizations! Six Sigma practitioners and industrial managers who want to improve supply chain effectiveness in their organizations now have a powerful new weapon to add to their arsenal! Lean Six Sigma for Supply Chain Management offers a unique 10-step improvement process for identifying and solving the root causes of supply chain problems in everyday operations. Written by Master Black Belt James William Martin, this proven management tool combines key aspects of Lean Manufacturing (from the Toyota Production System) and Six Sigma management principles in order to create a Lean Six Sigma approach that can dramatically improve supply chain function. Lean Six Sigma for Supply Chain Management contains specific information for developing inventory models, metrics for aligning objectives with strategic goals, a concise overview of supply chain concepts, and models illustrating how lead time and demand impact customer service and inventory investment levels. This vital resource features: A complete program for Lean Six Sigma improvement and control The latest Lean Six Sigma methods to identify and manage supply chains Expert help with Lean Six Sigma supply chains and third party logistics Applications of Lean Six Sigma to MRPII Guidance on root-cause analysis using Six Sigma tools Designed to help Six Sigma professionals and frontline managers achieve higher levels of competitiveness, Lean Six Sigma for Supply Chain Management provides the guidelines, tools, and techniques required to eliminate supply chain problems and boost company performance.

Download or read book Operations Management Policy Practice and Performance Improvement written by Steve Brown and published by Routledge. This book was released on 2013-06-17 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Operations Management: policy, practices, performance improvement' is the latest state-of-the-art approach to operations management. It provides new cutting edge input into operations management theory and practice that cannot be found in any other text. Discussing both strategic and tactical inputs it combines and balances service and manufacturing operations. * Cutting edge techniques accompanied by brand new case studies * Challenges standard approaches * Comprehensive coverage of strategic supply management * Critical sample questions to aid discussion * Reading lists and articles to support learning * Additional lecturer support material This outstanding author team is from the Operations Management Group at the University of Bath. Their expertise and knowledge is apparent in the text, and they bring to it their original research and experience in the field of operations management.

Download or read book An Integrated Company Wide Management System written by Souraj Salah and published by Springer. This book was released on 2018-08-30 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive guide to implementing a company-wide management system (CWMS), utilising up-to-date methodologies of lean-six sigma in order to achieve high levels of business excellence. It builds the foundation for quality and continuous improvement, which can be implemented in any organization. The book begins with an introduction to and an overview of CWMSs, and reviews the existing literature on various management systems. It then discusses the integration and implementation of lean-six sigma in supply chain management. The integration approach presented highlights the link between the existing management systems and shows how continuous improvement methodologies are incorporated. The book then examines the components of CWMS, comparing them to other systems. It also explores Kano-based six sigma and concludes with further recommendations for reading. This book covers five management systems integrated into one novel approach that can be followed by organizations wishing to achieve quality and business excellence. Covering lean-six sigma – an essential element of management systems – it is a valuable resource for practitioners and academics alike.

Download or read book Managing the Global Supply Chain Collection written by Chad W. Autry and published by FT Press. This book was released on 2013-03-02 with total page 1596 pages. Available in PDF, EPUB and Kindle. Book excerpt: A brand new collection of insights and actionable techniques for world-class supply chain management… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks deliver comprehensive resources for managing state-of-the-art supply chains in challenging global environments Master the latest techniques for overcoming your most difficult operations and supply chain management challenges! This unique 2 eBook package will help you address issues ranging from Lean/Six Sigma to transportation and warehousing, and anticipate emerging global issues – so you can transform them from risks into competitive advantages. The Encyclopedia of Operations Management is the perfect single-volume "field manual" for every supply chain or operations management practitioner and student. Nearly 1,500 well-organized, up-to-date definitions cover: accounting, customer service, distribution, e-business, economics, finance, forecasting, HR, industrial engineering, industrial relations, inventory management, healthcare management, Lean, logistics, maintenance engineering, management IS, marketing/sales, product development, operations research, organizational behavior/management, time management, production planning/control, purchasing, reliability, quality, service management, simulation, statistics, strategic management, systems engineering, supply chain management, theory of constraints, transportation, warehousing, and more. Next, in Global Macrotrends and Their Impact on Supply Chain Management, Chad W. Autry, Thomas J. Goldsby, John E. Bell prepare you to manage supply and demand in a world marked by demographic and economic shifts that will turn markets upside down. They offer a complete decision framework and practical tools, insights, and guidance for systematically mitigating new risks and building long-term competitive advantage. This book focuses squarely on emerging societal, technological, geopolitical, and environmental macro trends, helping you assess the impacts of population growth, migration, urbanization; socioeconomic change, global connectivity, environmental issues, geopolitics, growing scarcity, transportation congestion, aging infrastructure, and emerging supply-demand imbalances. It also provides comprehensive mitigation strategies based on logistics, resource recovery, resource protection, and demand/supply shaping. This collection will be an indispensable resource for all supply chain, logistics, sourcing, and operations management executives, managers, and professionals; and for all operations/supply chain research professionals, instructors, and graduate students. From world-renowned supply chain management experts Arthur V. Hill, Chad W. Autry, Thomas J. Goldsby, and John E. Bell

Download or read book Supply Chain Management Concepts Methodologies Tools and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2012-12-31 with total page 1880 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to keep up with the constant changes in technology, business have adopted supply chain management to improve competitive strategies on a strategic and operational level. Supply Chain Management: Concepts, Methodologies, Tools, and Applications is a reference collection which highlights the major concepts and issues in the application and advancement of supply chain management. Including research from leading scholars, this resource will be useful for academics, students, and practitioners interested in the continuous study of supply chain management and its influences.

Download or read book Factory Physics for Managers PB written by Edward S. Pound and published by McGraw Hill Professional. This book was released on 2014-04-04 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the award-winning developers of Factory Physics—a powerful leadership guide for breakthrough performance A comprehensive guide that cuts through the hodgepodge of copycat initiatives, overblown buzzwords, confusing mathematics, and misguided software, Factory Physics for Managers is a breath of fresh air for operations managers and executives. Written by the leaders and experts behind the bestselling Factory Physics, it’s a brilliant crash course in the practical science of operations designed to help you: Achieve best possible profit, cash flow, and customer service Attain highest return with existing Lean, Six Sigma, and ERP initiatives Manage your capacity, inventory, response time, and variability with high predictability Simplify management of complexity using existing IT systems Use the fundamentals of science to ensure your operation’s success See your company and procedures more clearly Improve intuition, decision making, and strategy execution A strategy of imitation is not much of a strategy. Most every company uses the common continuous improvement initiatives. This highly accessible guide addresses but goes beyond other business approaches such as Lean, Six Sigma, and Theory of Constraints by offering a customizable plan that you can apply to any manufacturing-based industry or supply chain. You’ll discover invaluable tools for developing operations strategy and driving execution by using practical science to assess your procedures, target problems, and find solutions. You’ll learn essential life lessons from the best—and worst—practices of corporate leaders like Toyota and Boeing. You’ll find ingenious new ways to improve your leadership by predictively managing the tradeoffs that every operation faces—whether it’s more or less inventory or capacity, higher or lower customer service, or more or fewer products. Using this approach, you can tackle these natural conflicts in business through a practical, comprehensive science of operations. Factory Physics for Managers makes it easier to choose and execute the best strategy for better productivity—and even bigger profits. Praise for Factory Physics for Managers “Factory Physics for Managers is a proven path to flawless execution and results. Leading vs. following in our industry is predicated on the relentless pursuit of putting order to chaos. Factory Physics science and CSUITE software have given our organization the ability to plan, predict, model, and execute based on explosive growth and rapid-fire, dynamic changes to our business model. In our case, history is not a good predictor of the future, so we need to deploy our resources wisely, and the Factory Physics approach has helped us do just that.” —Larry Doerr, COO, Stratasys “Shows how the science behind Lean initiatives can greatly improve results in terms of productivity and resources.” —Bill Fierle, Vice President and General Manager, TopWorx, Emerson “Brings powerful, accessible science to operations management. The Factory Physics playbook enables me to lead the harnessing of our data more effectively for modeling, planning, control, and feedback. Armed with the concepts, common language, and tools in this book, I can partner with operations’ leadership to impact the bottom line.” —Jeffrey Korman, CIO, Hu-Friedy Mfg LLC, Chicago

Download or read book Production and Operations Management 00 01 written by P. K. Shukla and published by McGraw-Hill/Dushkin. This book was released on 1999 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This anthology provides access to carefully selected articles from such sources as Production and Inventory Management Journal, Forbes, Fortune, National Productivity Review and Business Week. The readings cover performance improvement, quality, human resources management for productivity, forecasting and product design, capacity, location, logistics, and layout planning, inventory and supply-chain management, and emerging trends.

Download or read book Theory of Constraints Lean and Six Sigma Improvement Methodology written by Bob Sproull and published by CRC Press. This book was released on 2019-07-09 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many leaders and managers have led improvement initiatives in a variety of different industry sectors. Most believe that when they begin these efforts, they already have the tools they need in their improvement "backpack." Using these tools, they make substantial improvements to processes in a wide array of industry segments. As time passes, however, most realize that there is a missing link in their arsenal of tools for improvement. The author of this book faced this same predicament and he discovered what the missing link was in his improvement tool kit: Theory of Constraints (TOC). Once he learned the details of TOC, his ability to make major improvements jettisoned upward to levels he had not seen before. TOC is the common denominator in all the case studies presented in this book. This book opens with a chapter on what Theory of Constraints is and why it works so well in improvement efforts. The second and third chapters cover the important points related to Lean Manufacturing and Six Sigma as well as key points related to variability. Chapter 4 demonstrates how to effectively combine these three components to achieve maximum improvement and the corresponding enhancement to your company’s profitability. The remainder of this book is composed of true case studies from different industry segments, using this integrated improvement methodology. Essentially, this book lays the foundation for what most practitioners are just beginning to understand—this integrated improvement methodology is superior to the three components used in isolation from each other. This book presents a step-by-step method of how to combine the Theory of Constraints, Lean, and Six Sigma, and then demonstrates its effectiveness in a very diverse array of industries.