Build a value stream map for your product to visualize the flow of information and materials, eliminate waste, and identify value-adding opportunities in the process.
Customer requirements and expectations have changed as a result of industry trends, so pursuing quality dimensions important to your customer will lead to better organizational performance, especially if the dimensions aren’t being targeted by other firms.
Understanding the current COQ required to provide the customer with a product or service that meets expectations allows an organization to strategically pinpoint and eliminate waste associated with internal and external failures, resulting in a leaner, more profitable operation.
Implement the DMAIC continuous improvement framework to reduce inefficiencies, solve supply chain challenges, and improve bottom-line profitability across your organization.
Actionable insights from IndustryStar on ways to expedite, optimize, and de-risk your supply chain operations.