Category: Supply Chain

Supplier Negotiations & TCO Strategies.

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Supplier Negotiations & TCO Strategies. Supplier negotiations and total cost of ownership (TCO) strategies are important aspects of procurement and supply chain management. Supplier negotiations refer to the process of negotiating the terms and...

Kanban explained in 60 seconds. 11k views

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Kanban just in time (JIT) From youtube: Kanban Just in Time (JIT) is a scheduling system meant to achieve just-in-time production. The focus here is that you could apply just in time (JIT) in a regular...

Top 10 Futuristic Cities Being Built RIGHT NOW!

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Top 10 Futuristic Cities Being Built RIGHT NOW! Futuristic cities will fully encompass artificial intelligence technologies.  You can either be part of it or watch it happen, but it will happen. Quotes about the...

Top 5 Manufacturing Innovations of the Last Decade

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Top 5 Manufacturing Innovations of the Last Decade 1. 3D Printing: 3D printing has revolutionized the manufacturing industry in the last decade. It has enabled manufacturers to produce complex parts and products quickly and...

Intro to Lean: What are the 7 Wastes of Lean?

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7 Wastes of Lean Learn about some of the major tools used to combat the 7 Wastes of lean, and ways you can overhaul your processes to become more efficient. Delve into Value-Added and...

Book Review: In Search of Excellence.

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“In Search of Excellence: Lessons from America’s Best-Run Companies” is a business book written by Tom Peters and Robert H. Waterman Jr. and first published in 1982. The book presents a collection of management...

Calculating Safety Stock: Protecting Against Stock Outs

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Calculating Safety Stock Safety stock is a buffer of inventory that a company keeps on hand to ensure that it can meet customer demand even if there are unexpected disruptions or fluctuations in demand....