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Supply Chain Wednesday
Watch On YouTube Today’s Vocabulary (1) Fulfilling: Satisfying My work as a teacher is very fulfilling. I feel good because I can help people. (2) Upstream: Earlier in a process. They sent us too many...
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Supply Chain Wednesday–Capacity
Today’s Vocabulary (1) Capacity: The amount that’s possible Our capacity is 1000 units per month. (2) Overhead: Fixed costs. The money you should pay even if you produce nothing. When we added a third...
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Supply Chain Wednesday–Six Sigma and DMAIC
Today’s Vocabulary (1) Defect: Something that is not what the customer wanted We have one defect for every 1000 units. It’s much too high. (2) Process: A way of doing things Our processes are always...
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Supply Chain Lesson–Productivity
Today’s Vocabulary (1) Productivity: How well you use your resources Productivity increased greatly after we moved to the new factory. (2) Input: Something used in creation The inputs into our bikes...
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Supply Chain–Productivity 2
Today’s Vocabulary (1) Measure: As a verb, it’s to check the amount or level of something. As a noun, it’s a way of checking. The measure of our success will be if we can break $200,000 in sales in...
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Supply Chain Wednesday–Three Chart Types
Today’s Vocabulary (1) Flow: Movement. Water flows down a river and supplies flow out of China and into the world. (2) Parento Principle: 80% of the effects come from 20% of the causes. It’s the...
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Supply Chain Wednesday: Lean Production and Poka-Yoke
Today’s Vocabulary (1) Lean: Without waste It’s a very lean operation. They don’t have money for anything that’s not essential. (2) Implement: To start using a process We need to implement a new...
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Supply Chain Wednesday: Visualization
Today’s Vocabulary (1) A bit: A little I’m a bit hungry. Let’s eat a snack. (2) Nerve: The self-confidence to do something I don’t have the nerve to ask my boss for a raise. I wish I was more brave....
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Supply Chain Wednesday: Harmonized Key Performance Indicators
Today’s Vocabulary (1) Indicator: Something that gives you information on something else The unemployment rate is a good indicator of demand for new cars (2) Volume: Amount, level As volume increases,...
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Supply Chain Wednesday: S&OP
Today’s Vocabulary (1) Backlog: Too much of something We have a backlog of steel frames. It’s a waste of space and money. What happened? (2) To control: To make sure something is at the right level...
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