Articles

Lean Supply Chain

Paul A. Myerson
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Managing Change in Turbulent Times

We are now in a "white water rapids" phase in terms of the global economy, requiring flexibility from the processes, technology, and people in the supply chain to navigate these rough waters. Making the transition to a truly flexible and lean supply chain, especially during these turbulent times, involves changing the three elements necessary for […]

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Paul A. Myerson
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Going Straight to the Sourcing

Strategic sourcing, which consultants popularized in the late 1980s/early 1990s, is a supply chain management approach that formalizes the way organizations gather and use information to leverage consolidated purchasing power and find the best values in the marketplace. Strategic sourcing involves developing supply channels at the lowest total cost, as opposed to the lowest purchase […]

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Paul A. Myerson
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Store Delivery Keeps Retailers in the Game

Multi-channel retail and fulfillment is typically based on the assumption that customers choose a main way to connect, whether physical stores or a website. Many retailers manage each channel separately with different teams, budgets, processes, tools, reporting structures, and revenue goals. In multi-channel retail and fulfillment, stores have their own stock and sell directly to […]

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Paul Myerson
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Don’t Let Your Office Go to Waste

When analyzing your supply chain for efficiency improvements, it can be easy to ignore administrative activities. But office activities can constitute approximately 50 percent of the order-to-shipment lead time, and about 60 to 80 percent of all cost pertaining to meeting your customers’ needs. Many companies treat office activities in the supply chain and elsewhere […]

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Internet of Things to Come

The Internet of Things (IoT) allows users to collect and make data visible at key points, improving customer satisfaction and optimizing supply chain responsiveness. It can also offer greater differentiation and innovation, leading to a competitive advantage. IoT is widely discussed, but what does it refer to and how does it relate to the lean […]

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Peak Season Planning: A Year-Round Venture

It’s never too early to start planning for peak season supply chain capacity. To meet customer demand at a reasonable cost, it is best to plan ahead as much as possible with a lean, flexible supply chain. Many retailers do an inordinate volume of business—some as high as 70 percent—from Black Friday until the end […]

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Sometimes It’s Better Not to Be So Pushy

Supply chain processes fall into one of two categories: pull systems, where a company initiates execution in response to a customer order (reactive) and push systems, where execution is initiated in anticipation of customer orders (speculative). The boundary that separates push processes from pull processes is one measure of a supply chain’s “lean-ness”—the farther upstream […]

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Stay Competitive with a Flexible TMS

Lean principles, when used in conjunction with a transportation management system (TMS), can deliver lower transportation costs, reduced inventory levels, and progress toward business goals. New technology is emerging to further improve the efficiency of transportation systems. You must manage and properly control—with complete visibility and great communication between partners—the transportation systems that connect your […]

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What’s Your Sourcing Strategy?

Having a current, flexible sourcing strategy can not only reduce costs and increase efficiency, but also serve as a competitive advantage to help organizations increase the top line. Supply chain costs, primarily procurement and transportation, can range from 50 to 70 percent of sales, depending on industry. So it is critical to spend considerable time […]

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Paul A. Myerson
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Using Network Optimization Technology To Enable Your Lean Supply Chain

From a lean and agile supply chain perspective, an optimally designed supply chain can significantly improve margins, support expansion into new markets, enhance the customer experience, and reduce operating costs. Optimizing your supply chain network helps achieve more value and less waste through keeping lower inventories, maintaining the right stock levels, and choosing the right […]

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Winning, With Integrity
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Winning, With Integrity

MORE TO THE STORY: Empowering Women Through Engagement And Inspiration While building a career at 3M and its technology spinoff, Imation, Kirsten Hall never considered joining her family’s business, Logistics Planning Services (LPS) in Woodbury, Minn. "But I realized in 2010, when Mom and Dad were getting ready to step back, that I had been […]

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How to Optimize Demand Chain Management
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How to Optimize Demand Chain Management

In a perfect world, distribution centers (DCs) would disappear. Retailers and manufacturers would match incoming orders to customer demand so precisely that all products would stay in motion all the time. At most, an importer would operate a crossdock to process incoming goods for the outbound trip. This super-lean scenario poses major opportunities to reduce […]

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