In today’s business arena, companies face a relentless quest for progress and innovation. The need to stay competitive, adapt to market changes, and deliver exceptional value to customers is paramount. Yet, we must navigate this ever-evolving business landscape with no guarantees, facing a myriad of challenges along the way. It’s in this fast-paced business world that two critical attributes come into play: continuous improvement and an analytical-thinking mindset. Together, they form the foundation for sustainable growth and success.
Tag Archives: lean manufacturing
The Hidden Culprit: How Set-Up Time Causes Waste in Processes and Businesses
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.
E.O.W (End of Week) Notable Tip: Key Performance Factors for effective Supplier Selection
Happy Friday! Hope you all had an amazing week! Today, I want to discuss the 12 most important factors you should consider when choosing a supplier. These are important because they ensure supplier selection success and help you realize quality opportunities. Without further ado, please read below for the top 12 factors to consider whenContinue reading “E.O.W (End of Week) Notable Tip: Key Performance Factors for effective Supplier Selection”
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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