Managing a Lean Supply Chain
Lean is how a properly designed and operated supply chain should function.
A Lean Supply Chain process is one that has been streamlined to reduce and eliminate waste or non-value added activities along the supply chain flow associated with the movement of products.
Waste can be measured in time, inventory and unnecessary costs. Value-added activities are those that contribute to efficiently placing the final product at the customer’s door.
Lean supply chain management is not just for manufacturers who practice lean manufacturing. Nor is it just for large
retailers. It is a practice that can benefit small and mid-size home furnishings retailers, wholesalers, distributors and others.
Supply chain management is meant to reduce excess inventory in the supply chain. It should be demand driven, built on the “pull” approach of customers pulling inventory in a flow as required, not by suppliers pushing inventory. Excess inventory reflects the additional time spent within the supply chain operation. So the perfect supply chain is lean, having removed wasteful time and inventory
Is anybody aware of more Lean Methodologies .
Feel free to comment ? 🙂