In today’s fast-paced business environment, efficiency and productivity are paramount. Organizations strive to streamline their processes, eliminate waste, and optimize resource utilization. However, there’s a hidden culprit that often goes unnoticed – set-up time. The time it takes to prepare a machine, system, or workflow for production can be a significant source of waste. In this article, we will explore the various ways in which set-up time can lead to inefficiencies, increased costs, and reduced competitiveness for businesses. We’ll also discuss strategies to minimize set-up time and its associated waste.
Tag Archives: inventory management
Lean Wednesday Tip: Inventory Management
“An effective inventory management process includes the sharing of inventory data between buyers and suppliers. Procurement Managers use the total cost method when purchasing and inventory analysts anticipate and understand demand trends (collaborate with Marketing to understand customer purchasing behavior and trends) and share this information with suppliers.”
On-boarding Employees: Where are the supplies?
 Onboarding a new hire is stressful enough. Paperwork needs to be done, work area needs to be set up, et cetera. But no one remembers about supplies. Utilizing Lean Six Sigma methods and tools like 5S, visual management and Kanban to remove office waste is a great way to have a supplies inventory system thatContinue reading “On-boarding Employees: Where are the supplies?”
Simple Procurement Hacks to realize Savings
To elaborate further on previous article, “Price focused Sourcing is bad for Business”, I have created a list of procurement hacks for realizing savings. 1) Audit invoices and purchase orders to identify unapproved vendor charges, price discrepancies, and unapproved purchases. 2) Audit vendor database to ensure accurate data, remove duplicate information and ensure vendor hasContinue reading “Simple Procurement Hacks to realize Savings”
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