The “Five Focusing Steps” are a kind of counterpart to Deming’s PDCA – Plan Do Check Act. There are five steps for driving the improvement process. In this case, the idea is to consider a complete system – for example, the manufacturing flows in a factory – and to focus on the resource constraints to … Read more
Are you familiar with the “five focusing steps”? This approach is at the heart of the Theory of Constraints (TOC), the school of thought initiated by Dr. Eli Goldratt, author of the bestseller The Goal. The “Five Focusing Steps” are a counterpart to Deming’s PDCA – Plan Do Check Act: they are five steps for … Read more
There’s no point in running… In your production resources, in your production orders, among your suppliers, you have hares and tortoises. The trick is to get there on time (yes, I know, that’s not the original moral). This is what is measured by the most important supply chain performance indicator for the supply chain: the … Read more
A chain, or network, is a system that brings together players with different motivations. A supply chain comprises suppliers and customers. Both want to maximize their profits, which can be antagonistic – sellers and buyers negotiate this on a daily basis. A company comprises a set of functions whose performance is measured on indicators that … Read more
Numerous software solutions, and not the least, are available to optimize inventories. Just Google “inventory optimization” and you’ll see a wide range of tools aimed at tackling stock management. In fact, if we take a closer look, a stock can’t be optimized, let’s see why. First of all, you need to understand what stock is … Read more
