Supply Chain Management

What Supply Chain Analyst Does?

Suplly Chain Analyst

The Supply chain analyst is a person who helps improve efficiency in shipping procedures. He is responsible for all the records and helps employees from warehouses develop the most competent plan for receiving and packing products. Every company wishes to be the best in the industry, and in achieving this, it has to work hard and make sure there are no complaints from customers in the delivery of orders. The analyst researches on the market to ensure that all products are available in the company. He is responsible for ensuring smooth flow of orders from the point of shipping till the time it gets to the consumer.

What is Six Sigma?

Six sigma pptSix sigma is a management approach that strives for perfection in business operations, practices and processes. To most business firms, it simply means a tool of measuring quality. It is a well-organized, statistical approach that identifies and eliminates defects in any business operation- from manufacturing to delivery of products to customers. The methodology is deep-rooted in mathematics and statistics and its statistical representation portrays quantitatively how well a process is doing. To reach the quality level specified by the method, a process must not exceed defect rate of 3.4 DPMO (defects per million opportunities). Any unspecified deviation from the mean or target is defined as defects.  The goal of this approach is to provide reliability, excellent performance and value to final customers.

What is Lean Supply Chain?

From the organizational perspective, the term ‘lean’ implies something that is efficient and has no waste. The concept of lean has emerged from just in time manufacturing and extended its potential to lean manufacturing, then lean organization and last lean supply chain. For instance, at the early stage of lean, firms focused on developing lean production. Now the focus has been shifted to developing lean organizations and lean supply chain.

Lean Manufacturing Explained

Lean manufacturing refers to the manufacturing system which is based on the principle of minimizing waste and maximizing value in the manufacturing process.  A widely held view of lean manufacturing or lean production is that it is just a means for scheduling production that results in minimal levels of inventory. Lean manufacturing pptBut in the truest sense, the system represents a philosophy that includes every aspect of manufacturing, from designing to after the sale of a product. The philosophy is to pursue a system that performs well with low levels of inventory, minimal waste, minimal space, and minimal transaction- laterally, a ‘lean’ system.  As a result, the system is not prone to interruptions and is flexible in terms of product variety and range of volume that it can handle.

How to Achieve World Class Manufacturing?

World class manufacturing refers to adopting industry best practice. If any company wants to achieve it, the company has to be the best in the areas of competitive priorities like price, quality, reliability, lead time, innovation, flexibility etc. It is not possible for a company to secure the first place in all the areas because of resource constraint. As a result, the company must concentrate on areas that will enhance its competitiveness in a short time and with comparatively less expenditure. In the course of time, the priorities may call for change and, therefore, must be adjusted.