Lean Manufacturing relies heavily on trusted relationships with suppliers and pre-negotiated terms of engagement. Through the use of supplier quality certifications and blanket (long-term) purchase orders, a manufacturer can accurately and effectively calculate the optimal level of inventory needed to fulfill demand requirements through the duration of replenishment lead time. Ensuring supplier performance When a relationship is setup with a supplier, a service level agreement is defined. Items such as
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How Technology Will Connect Your Enterprise and Create the Demand-Driven Factory of the Future – Today
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