Lean manufacturing

Wave's New Feature, 'Marker Tag,' Reduces Inventory Time for Retail Companies

Retrieved on: 
Monday, June 28, 2021
Automatic identification and data capture, Articles, Logistics, Inventory optimization, Lean manufacturing, Inventory, Radio-frequency identification, Humanities, Academic disciplines, Warehouse, Inventory management software

For growing retail businesses, tracking inventory levels and locations can be very challenging.

Key Points: 
  • For growing retail businesses, tracking inventory levels and locations can be very challenging.
  • With Wave 's new marker tag feature, business owners get unparalleled knowledge of the items they have in stock and how many of each remain.
  • The new marker tag feature on SimplyRFID's Wave is a unique additional grouping indicator for the tags in the inventory.
  • "With marker tags, we have been able to inventory our 10,000 square foot warehouse in a matter of minutes."

The 4Less Group Announces Launch Date of Their Automotive Parts Marketplace, AutoParts4Less.com

Retrieved on: 
Monday, June 21, 2021
Inventory, Inventory optimization, Lean manufacturing, Supply chain management

To date we have approved sellers that include auto parts retailers, warehouse distributors, manufacturers as well as new car dealerships, looking to monetize their automotive parts inventory.

Key Points: 
  • To date we have approved sellers that include auto parts retailers, warehouse distributors, manufacturers as well as new car dealerships, looking to monetize their automotive parts inventory.
  • To date our diverse sellers will have parts available to purchase for cars, trucks, motorcycles, boats, commercial vehicles, RVs and ATVs parts.
  • Presently, with the sellers we have approved, we expect there will be approximately 2-3 million parts available for consumers to purchase at launch.
  • However, the number of parts available should continue to grow as we expect to add more sellers through the launch date and beyond.

Matt Hillseth and Vince Patriarca Join Federal Equipment Company

Retrieved on: 
Thursday, June 17, 2021
Inventory, Inventory optimization, Lean manufacturing, Supply chain management, Plastic, Working capital management, Management, Business process management

CLEVELAND, June 17, 2021 /PRNewswire/ -- Federal Equipment Company welcomes Matt Hillseth as a business development and equipment specialist and Vince Patriarca as an inventory specialist to the organization.

Key Points: 
  • CLEVELAND, June 17, 2021 /PRNewswire/ -- Federal Equipment Company welcomes Matt Hillseth as a business development and equipment specialist and Vince Patriarca as an inventory specialist to the organization.
  • "Really looking forward to growing with the Federal Equipment Company team!
  • Before joining Federal Equipment Company, Hillseth served as an operations specialist at Star Industries.
  • Matt Hillseth can be reached at:
    Vince Patriarca can be reached at:
    Federal Equipment Company is a reliable resource for all processing and packaging equipment needs, with over 60 years of expertise buying and selling used equipment in pharmaceutical, chemical, plastics, rubber, and food processing industries.

RE/MAX National Housing Report for May 2021

Retrieved on: 
Thursday, June 17, 2021
Inventory, Inventory optimization, Lean manufacturing, Supply chain management, Detroit, Geography of Michigan, Michigan

Also defying seasonal trends was a 7.1% drop in listed homes at a time of year when active inventory is normally building for peak summer sales months.

Key Points: 
  • Also defying seasonal trends was a 7.1% drop in listed homes at a time of year when active inventory is normally building for peak summer sales months.
  • Both are records in the 13-year history of the report.
  • At the same time, cooling sales defied typical April-May trends and report records were set for low inventory and fast turnaround times," said Nick Bailey, President, RE/MAX, LLC.
  • Leading the year-over-year sales percentage increase were Detroit, MI at +136.6%, San Francisco, CA at +135.7%, and Miami, FL at +131.8%.

Inventory Rebounds Amid Record Home Value and Rent Growth

Retrieved on: 
Wednesday, June 16, 2021
Inventory, Inventory optimization, Lean manufacturing, Supply chain management, Articles, Academic disciplines

Home value appreciation continues to break records and typical time on market is down to just six days.

Key Points: 
  • Home value appreciation continues to break records and typical time on market is down to just six days.
  • Meanwhile, rents are rising quickly across the U.S., breaking out after growth was stymied under the pandemic.
  • Inventory is finally showing signs of recovery at the national level after nearly a year of steady decline.
  • Inventory across the U.S. is down 31.2% since May 2020, an improvement over the 32.8% annual decline seen in April.

CMTC Helps Machine Shop Improve Operations with Lean Training

Retrieved on: 
Tuesday, June 15, 2021
Professional services, Medical devices, Small business, Other Manufacturing, Textiles, Steel, Packaging, Engineering, Chemicals, Plastics, Aerospace, Health, Consulting, Manufacturing, Articles, Economic sectors, Lean manufacturing, Economy, Machine shop, Machines, Secondary sector of the economy, 5S, Six Sigma

California Manufacturing Technology Consulting (CMTC) recently delivered Lean Training to RKL Technologies, Inc. (RKL) employees to help organize RKLs shop floor and improve their manufacturing processes.

Key Points: 
  • California Manufacturing Technology Consulting (CMTC) recently delivered Lean Training to RKL Technologies, Inc. (RKL) employees to help organize RKLs shop floor and improve their manufacturing processes.
  • RKL Technologies was founded in 1983 to provide contract machine shop services to the medical device industry.
  • Training curriculum included: Lean Principles and Implementing Lean Tools, 5S, Overview of Six Sigma, Generating Solutions, and coaching on implementation.
  • Following the training, RKL created a uniform table with labeling for each machine to allow staff to quickly locate tools.

The Unsung Hero of Small Business: Inventory Funding

Retrieved on: 
Tuesday, June 15, 2021
Business, Articles, Economy, Supply chain management, Inventory optimization, Lean manufacturing, Inventory, Small business

Businesses can let Kickfurther users know they need funding for specific inventory and will provide profit to users as the funded inventory sells.

Key Points: 
  • Businesses can let Kickfurther users know they need funding for specific inventory and will provide profit to users as the funded inventory sells.
  • Once the inventory is sold, they receive the amount they contributed to purchase the inventory, plus the predetermined profit.
  • By current estimates the reality is that over 80% of small business owners are denied financing from banks, both big and small.
  • Kickfurther is the worlds first crowdfunded inventory funding platform that has provided over $75 million in working capital to small and medium sized product businesses in the US.

Fiddle, Integrated Inventory Software Company, Raises $600,000 in First Round Funding

Retrieved on: 
Tuesday, June 15, 2021
Supply chain management, Inventory, Inventory optimization, Lean manufacturing, CPG

Fiddle was founded to help CPG brands streamline their inventory operations with modern, cloud-based software.

Key Points: 
  • Fiddle was founded to help CPG brands streamline their inventory operations with modern, cloud-based software.
  • With Fiddle, you can manage suppliers, send POs and quotes, track inventory, manage batch records, and more.
  • This latest funding round has extended Fiddle's reach to serve even more CPG brands and manufacturers.
  • "This funding round has allowed us to invest resources in identifying the many needs of CPG brands, manufacturers and co-packers.

U.S. Automobile Dealers Experience Unique Mix of Record Highs and Record Lows in the Second Quarter

Retrieved on: 
Monday, June 14, 2021
Economy, Finance, Money, Investment, Inventory, Inventory optimization, Lean manufacturing, Supply chain management, Market trend

The profit index in Q2 hit a record 59, while the price pressure index dropped to a record low 33, meaning a majority of dealers are feeling little pressure to lower prices.

Key Points: 
  • The profit index in Q2 hit a record 59, while the price pressure index dropped to a record low 33, meaning a majority of dealers are feeling little pressure to lower prices.
  • "Driven by the unique circumstances of strong demand and low inventory, dealer sentiment climbed to a record high in the spring," said Cox Automotive Chief Economist Jonathan Smoke.
  • "The first two quarters of 2021 are showing a strongly recovering market, balancing on a perfect mix of pent-up demand, rising prices and low inventory."
  • Consistent with current market trends, the new-vehicle inventory index decreased significantly to 13 in Q2, a substantial 31-point drop from last quarter and a record low.

Former Toyota Executive Bryant Sanders Joins the Nonprofit Lean Enterprise Institute

Retrieved on: 
Monday, June 14, 2021
Lean manufacturing, Supply chain management, Lean thinking, Toyota Production System, Lean enterprise, Lean-burn, Lean, Secondary sector of the economy, Economic sectors

BOSTON, June 14, 2021 /PRNewswire-PRWeb/ -- The nonprofit Lean Enterprise Institute (LEI), a global leader in lean management thinking, practice, and innovation, today announced the hiring of former Toyota Motor North America executive Bryant Sanders as a senior technical advisor.

Key Points: 
  • BOSTON, June 14, 2021 /PRNewswire-PRWeb/ -- The nonprofit Lean Enterprise Institute (LEI), a global leader in lean management thinking, practice, and innovation, today announced the hiring of former Toyota Motor North America executive Bryant Sanders as a senior technical advisor.
  • During his 25 years at Toyota, Sanders implemented the Toyota Production System (TPS), the prototype lean business system, in a variety of industries, including construction, manufacturing, and healthcare where he improved customer satisfaction, costs, and employee capability development.
  • "Bryant Sanders possesses an exceptional capability to coach and improve our ability to see and break down work differently.
  • Lean Enterprise Institute Inc. is a 501(c)(3) nonprofit based in Boston, MA, with a mission to make things better through lean thinking and practice by helping companies create more value and prosperity while consuming the fewest possible resources.