Factory Floor Automation and Inventory Control
Enabling greater integration between the factory floor, suppliers, quality management, production planning, accounting and the executive management teams leads to greater accuracy, clarity and consistency of reporting, and high performance over time. Being able to quickly assimilate, aggregate and analyze shop floor inventory data then translate it into financial metrics is key to any company's long-term growth. Add in the time pressures of semiconductor and computer equipment industries and the urgency to create a unified view of shop floor inventory positions exponentially increases (Alexander, 2001). These and other findings are provided in the article Factory floors go online -- pioneering manufacturers close the final gap in their supply chains (Alexander, 2001). One of the most interesting key take-aways from this article is that only 11% of all manufacturers are actively trying to integrate the many shop floor and inventory management systems to the large-scale Enterprise Resourcing Planning (ERP), pricing, Manufacturing Execution Systems (MES) that have in many instances been installed for decades. The many benefits of having inventory control online in real-time from the factory floor to the top floor of a manufacturer including all departments that also rely in inventory data can be seen in the results Lexmark achieves (Alexander, 2001) in addition to Toyota and their highly customized and very effective Toyota Production System (TPS) (Steele, 2001).
The intent of this analysis is to evaluate the many benefits of having inventory control on the shop floor, running in real-time, providing aggregated feedback on manufacturing performance. MES systems integrated with ERP and financial reporting systems are also capable of interpolating inventory data and creating a highly effective dashboard for senior management to also use in managing manufacturing. The integral...
Supply Chain Integration Defining Integrated Supply Chains in the 21st Century Collaboration and the ability to orchestrate complex purchasing, procurement, quality management and fulfillment strategies typify integrated supply chains today. These lessons learned and more are found in the article, Integrated Supply Chains to be Explored (Johnson, 2007). Also alluded to in the article is the concept of having a 360 degree view of global supply chains, with the added benefit of
Supply Chain Management Hypothesis defined Concepts of SCM and the evolution to its present day form Critical factors that affect SCM Trust Information sharing and Knowledge management Culture and Belief -- impact on SCM Global environment and Supply Chain management "Social" and "soft" parameter required for SCM Uncertainties This chapter aims to give an outline and scope of the study that will be undertaken in this work. The study lays out the issues faced by manufacturing organizations when it comes
Supply chain management in FMCG sector Fast Moving Consumer Goods (FMCG) Managing supply of FMCGs Demand and Supply Distribution Channel Traditional channel of FMCGs distribution National Vs Global Presence Products and Services Supply chain opportunities Usage of Supply Chain Management Business development Business performance Cost reduction Revenue Increase Inventory management Overall Business Performance Competitive advantage Future trends Issues in global supply chain management: FMCG sector Multi-channel Supply Chain Management Individual Tagging The FMCG sector is represented as manufacturers and distributors of packaged products. They are also coupled with mega retail brands
This issue of resistance to change is a critical one that will require significant effort to overcome. As a first step, the development of needs analysis is critical for understanding how the systems can be designed to be of more value to those using them. This is essential to increase the likelihood of acceptance of the supply chain system, both within Imperial Tobacco Canada and with its suppliers. The
Supply Chain Logistics Systems Of the many functional areas of an enterprise, supply chain logistics systems are among the most valuable to any business in differentiating their unique competitive advantages in turbulent, uncertain markets. From controlling the costs of production and service to delighting customers by having products in stock when they want to buy them, supply chain logistics systems often are the strongest differentiating element organizations in commodity-based industries have
Supply Chain at Ford vs. Dell Supply Chain Management -- SCM is fundamentally a process that entails the flow and conversion of materials and other resources into products and services, which fulfill the demands of the ultimate consumer. Supply Chains are considered as regards processes, activities and organization. The processes link the activities which carry out this transformation. Processes focus towards the end product for an end user in mind. The
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