An Operational Excellence Model and Framework

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Achieving Operational Excellence requires the successful implementation of a Business Execution System that effectively and seamlessly integrates the following four building blocks: Strategy Deployment, Performance Management, Process Excellence, and High Performance Work Teams.

Inventory Reduction with Lean Management

A couple of months ago I was approached by the Owner and CEO of a privately held packaging company.

The company specializes on flexible packaging solutions for the produce packaging industry and generates a high single-digit profit margin from about $70 - 80M in annual revenue. One of the major challenges this organization faced was its high finished goods inventory.

Based on the annual raw material spending, this company had in average about 73 to 83 days-of-supply of finished goods on hand at any given day. This equals about 4.4 to 5.0 inventory turns per year. Read more ...

Let us know if you are interested in organizing an onsite two-day or three-day "An Introduction to Lean Management" workshop for your organization.

Our FREE MONTHLY GIFT includes the following downloads:

Lean Changeover Time Analysis Worksheet - Template

Lean Standard Work Worksheet Set - Templates

Our Operational Excellence Academy provides organizations like yours with professional Training Material, eLearning Modules, Training Aids, Online Courses, and Public Workshops.

This month you will receive a 20% Discount (valid until April 30, 2017) on the following two training modules. The discount code is "April-2017".

Lean Value Stream Mapping
(Training Material & Templates)
$44.50

Check It Out.

Lean Value Stream Mapping
(eLearning Module & Templates)
$99.50

Check It Out.

Food for Thought - Below you will find a few readings we picked for you this month. We hope you like them.

Lean Concepts Transcend Manufacturing through the Supply Chain (The Lean Supply Chain Benchmark Report - Aberdeen Group)
How to develop a Supply Chain Strategy (OEC - White Paper)
How to measure Supply Chain Performance (OEC - White Paper)

Please, feel free to share this newsletter with your colleagues and friends, if you think they could benefit from our training products and consulting services.

Forward

Quote of the Month: "The rate at which organizations learn may soon become the only sustainable source of competitive advantage."

Peter Senge

Six Sigma Yellow Belt Workshop

Location: San Francisco, California

Dates: June 5 - 7, 2017

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Lean Fundamentals Workshop

Location: San Diego, California

Date: June 5 - 8, 2017

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”In the global and competitive environment of today and tomorrow, organizations must rethink and reshape their approach to execution in order to stay competitive. Operational Excellence is the strategic initiative under which this process can take shape“.

Frank G. Adler, Ph.D. - Operational Excellence Coach