Companies practicing lean manufacturing can benefit highly from vendor-managed inventories, or VMI. Unlike traditional inventory management, a VMI arrangement is between two companies. The arrangement is used to lower the cost of inventory for the customer companies. It is also a way for the manufacturers of the inventory to help...
The year 2011 was marked by protests of corporate America, which occupied headlines for much of the year. Global concerns over the growing debt crisis in Europe made manufacturers in the U.S. Fear for their export sectors—and their profits. The government's failure to act on many expiring credits and incentives didn't make things...
Sustainability in manufacturing is dominating the manufacturing world, as companies work to reduce, reuse and recycle in any way that they can. The reusable products sector that provides shipping equipment is one solution that continues to take a foothold. Redesigning plants for better use of space (and reduction of energy) is another. Many...
A well-stocked spare parts inventory is like a lifeline during a mechanical breakdown. The parts are kept in a nearby storage room, ready for installation immediately. The production line can restart with very little delay in filling orders. Sometimes, however, the part you need is not in the inventory, for...
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