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Faizan
Lean Supply Chain Management (LSCM) represents ongoing, continuous process improvement to a corporate supply chain system. The supply system is an interlinking network between suppliers, manufacturers and corporate customers. These suppliers, manufacturers and corporate customers often inter-operate as a "virtual corporation" or an "extended enterprise" where it's hard to tell where one company ends and the other one begins. Lean Supply Chain Management methodologies are deployed to ensure this "extended enterprise" runs efficiently.
Supply Chain Management (SCM)
Supply Chain Management (SCM) is the management of the inter-connectivity between suppliers, manufacturing and corporate customers. It addresses the movement of all raw inventory, production in progress inventory and the end product from origin to consumption. According to management consulting firm R. Michael Donovan & Co., supply chain management "sees all suppliers and customers as part of one complex supply chain network and understands that transforming that supply chain into a synchronized chain is the primary goal."
Lean Supply Chain Management (LSCM)
Lean Supply Change Management (LSCM) is Supply Change Managment coupled with continuous and ongoing process improvement methodology to ensure supply chain management systems always runs at peak efficiency. LSCM touches all aspects of a corporate supply chain from procurement, manufacturing, warehousing and transportation.
Procurement
LSCM procurement applications seek to consolidate various purchasing contracts and purchasing platforms into one point of contact and one process platform. To accomplish this, companies look into new Internet-based collaborative platforms to act as a centralized clearinghouse for all procurement and contract needs.
Manufacturing
LSCM originated in the manufacturing industry, but is now used in multiple industries across multiple applications. Using LSCM, companies can continuously reduce waste on the factory floor while increasing operating performance and profits. Six Sigma techniques are also deployed under the LSCM umbrella to reduce product defects and increase customer loyalty.
Warehousing
The LSCM warehousing application is where companies seek to reduce inventory overhead associated with the manufacturing process. To do it, companies apply Just-In-Time (JIT) manufacturing techniques where they use information networks to coordinate with suppliers and have inventory delivered to the factory floor "just in time" for processes as opposed to having inventory laying around eating up overhead.
Transportation
LSCM transportation applications seek to streamline the shipping and distribution process. During an LSCM evaluation, companies often discovered that orders are shipped independently without combining multiple orders on the same shipment. As a consequence, companies are using a number of shippers unnecessarily when they could combine orders, use fewer shippers and reduce transportation and distribution costs.
Supply Chain Management (SCM)
Supply Chain Management (SCM) is the management of the inter-connectivity between suppliers, manufacturing and corporate customers. It addresses the movement of all raw inventory, production in progress inventory and the end product from origin to consumption. According to management consulting firm R. Michael Donovan & Co., supply chain management "sees all suppliers and customers as part of one complex supply chain network and understands that transforming that supply chain into a synchronized chain is the primary goal."
Lean Supply Chain Management (LSCM)
Lean Supply Change Management (LSCM) is Supply Change Managment coupled with continuous and ongoing process improvement methodology to ensure supply chain management systems always runs at peak efficiency. LSCM touches all aspects of a corporate supply chain from procurement, manufacturing, warehousing and transportation.
Procurement
LSCM procurement applications seek to consolidate various purchasing contracts and purchasing platforms into one point of contact and one process platform. To accomplish this, companies look into new Internet-based collaborative platforms to act as a centralized clearinghouse for all procurement and contract needs.
Manufacturing
LSCM originated in the manufacturing industry, but is now used in multiple industries across multiple applications. Using LSCM, companies can continuously reduce waste on the factory floor while increasing operating performance and profits. Six Sigma techniques are also deployed under the LSCM umbrella to reduce product defects and increase customer loyalty.
Warehousing
The LSCM warehousing application is where companies seek to reduce inventory overhead associated with the manufacturing process. To do it, companies apply Just-In-Time (JIT) manufacturing techniques where they use information networks to coordinate with suppliers and have inventory delivered to the factory floor "just in time" for processes as opposed to having inventory laying around eating up overhead.
Transportation
LSCM transportation applications seek to streamline the shipping and distribution process. During an LSCM evaluation, companies often discovered that orders are shipped independently without combining multiple orders on the same shipment. As a consequence, companies are using a number of shippers unnecessarily when they could combine orders, use fewer shippers and reduce transportation and distribution costs.
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