Wednesday, 28 August 2019

Incorporate lean in your supply chain to support the company’s strategic objectives


Lean is used to describe organizations, business processes and functions such as manufacturing, distribution and supply chains that have a minimal amount of waste and maximum responsiveness. It is all about developing the most value for the customer by minimizing the time, effort and resources. Lean manufacturing is a combination of techniques that are used to eliminate the non-value adding activities and waste from the business processes. Organizations that incorporate lean in their business; extend this concept to their entire supply chain. Lean organizations and businesses exhibit minimal waste in the following 8 areas:
·         Transportation and movement
·         Inventory
·         Motion
·         Waiting
·         Overproduction
·         Over-Processing of components
·         Defects in products, services and business processes
·         Human resource
These eight categories of efforts can be applied anywhere in a business, but manufacturing, distribution and supply chains that focus on these areas of waste have the lowest cost, shortest lead times, highest quality and highly skilled people. It requires utilizing the proper tools and methodologies for identifying the areas of waste inside a company that will generate the maximum ROI by addressing strategic and operating gaps. For organizations that embark on a Lean Manufacturing journey, it is critical to engage a consulting firm who is capable of supporting the journey from start to finish.
Group50, a leading Lean Six Sigma ManufacturingConsulting firm understands the change management process required to successfully implement lean programs that are scalable and sustainable. They have subject matter experts who understand the investigation, design and implementation of lean manufacturing and supply chain programs. They utilize tools such as Value Stream Mapping, Financial Modeling, Spaghetti Diagrams, Work Flow analysis, Supply Chain Modeling, Six Sigma Tools and techniques like the DMAIC process and many others to identify and root out wasted effort.
Advantages of adopting Lean Six Sigma Manufacturing:
Reduced operational costs
Lean Six Sigma makes the organization more efficient and effective in delivering the final product or services to the customers by reducing its exposure to various risks factors. This significantly reduces the process cycle time, turnaround time and lead time thereby reducing the operational costs.
Provides competitive advantage
When your business processes are improved, a significant difference will emerge between you and your competitors. This outcome you can use as your marketing and sales pitch and to outshine your competitors.
Improves efficiency
Lean Six Sigma partially or fully automates the process where manual intervention is more than required. It improves the timelines of the processes which improves the on-time delivery of the products or services.
More satisfied customers
By incorporating Lean Six Sigma, the organizations can have a better service, better quality, and better delivery of the products or services which eventually leads to satisfied customers.
For implementing sustainable lean manufacturing program that will meet the company’s strategic needs, be more cost-effective, have higher quality, better lead times and reduced working capital requirements, hire LeanManufacturing Consultants who can carry out Lean Manufacturing Assessment for your organization.
Hire Group50, a lean consulting firm that will look closely at a company’s supply chain from raw materials to delivered product and identify how it performs against global best practices with a focus on speed, cost, quality, and sustainability. They will look at how well your supply chain is positioned to support the company’s strategic objectives.