5 Critical Success Factors of Lean and Six Sigma in SMEs

In early July I wrote a blog on “7 reasons why Six Sigma will fail in Small & Medium Enterprises (SMEs)” which has gathered some interest and couple of readers have asked me what are the success factors of Lean and Six Sigma deployment in SMEs, if there is any? I thought it is valid questions and I should try to research some Critical Success Factors (CSFs) of Lean and Six Sigma deployment in SMEs. In this blog post I have tried to focus on research from Achanga et al. (2006) and Kumar (2007). Achanga et al. (2006) have successfully […]

What is supply chain management

What is Supply Chain Management ? An Authentic and Well Researched Definition

What is Supply Chain Management? More than 9000 people still ask this question on Google search, despite Supply Chain Management (SCM) was introduced in the early 1980s (Oliver and Webber, 1982) but it’s has been growing in importance since the early 1990s. So What is Supply Chain Management? Mentzer et al. (2001) define Supply Chain Management as “a systemic, strategic coordination of the traditional business functions and the tactics across these business functions within a particular company and across businesses within the supply chain, for the purposes of improving the longterm performance of the individual companies and the supply chain as […]

12 Powerful Inventory Reduction Tips to Free Up Cash

Inventory Reduction Tips Inventory reduction is one of the key goals for most businesses. In this article I have outlined 12 tried and test tips which I have used in my career and find it effective in terms of achieving results. Reduce Lead Times A reduction in lead time will lead to products / materials not being held in stock for a long time. Both a reduction in supplier lead time and manufacturing lead time will contribute to inventory reduction. To reduce lead time the throughput, WIP and cycle time will need to be measured in order to get a […]