Cost cutting: Focus on long term goals

Published: 1st of December 2008 With liquidity tightening, companies are increasingly looking for ways to cut spending. In a recent survey of Fortune 1,000 companies, 80% of respondents said that they look at supply chain departments for their cost cutting initiatives.  However, cost cutting in supply chains requires the right mindset. As with any crisis, [...]

8 types of muda (waste) in an organization

Motion – poor design can severely affect productivity as workers and machines perform unnecessary motion through driving and walking. Delay – increase in lead time as operations wait for material or as a result of line stoppages. Delays can also have a negative affect on customer service in the organization. Conveyance – caused by poor [...]