Although the inventory in your warehouse may consist of hard, tangible material such as plastic, wood or steel, its value is far more fluid. While your supply may vary when goods are sold or shipments ...

Companies that do not maintain a real-time inventory tracking system rely on periodic inventory audits and corresponding adjustments to the accounting general ledger in order to properly reflect the ...

We’ve seen many value stream maps (VSM) over the past 20 years, as it has become a common tool. In some companies it’s a first requirement before a lean effort begins. In other companies, value stream ...

The decades-long rush of businesses to digitize their business processes shows no sign of abating. Digital technology has spread across the supply chain and throughout the enterprise—with generally ...

Ernie Smith is a former contributor to BizTech, an old-school blogger who specializes in side projects, and a tech history nut who researches vintage operating systems for fun. Many discussions around ...

Value stream management has been around for a long time. It got its roots in manufacturing, where it was used to accomplish an impossible task; it simultaneously improved quality, reduced costs and ...