The Logistics of Logistics Leading Inventory Attack Teams with Richard Lebovitz
Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA, a purpose-built analytics platform for factory inventory optimization.
About Richard LebovitzRichard Lebovitz is the CEO of LeanDNA, a purpose-built analytics platform for factory inventory optimization. Over his 30+ year career in the supply chain, Richard has worked with manufacturers around the world in operations, supply chain, and lean strategy roles to develop systems that can manage complex supply chains on a global scale. Richard previously founded and led Factory Logic, Inc. (acquired by SAP). He is a board member of the Association for Manufacturing Excellence (AME) and a contributor to the Forbes Technology Council, Manufacturing Today, WardsAuto, Supply Chain Brain, Industry Today, Aerospace Manufacturing and Design, ASSEMBLY, and more.
About LeanDNALeanDNA is a leading inventory optimization and execution platform that is solving the execution gap in the supply chain. This award-winning platform synchronizes execution across the supply chain, empowering manufacturers to prioritize and collaborate to resolve critical material shortages and excesses. With LeanDNA, manufacturers in industries that include aerospace, industrial, automotive, and medical know they will get the right part in the right place at the right time.
Key Takeaways: Leading Inventory Attack Teams- An Inventory Attack Team (IAT) consists of key stakeholders across a supply chain organization who collaborate regularly to optimize daily inventory opportunities.
- The IAT strives to drive an effective, sustainable process to attack the biggest daily inventory optimization opportunities across complex teams with multiple sites.
- LeanDNA helps manufacturers to improve their supply chain efficiency and agility, while also reducing costs and improving customer satisfaction.
- LeanDNA is a cloud-based supply chain execution platform that helps discrete manufacturers digitally transform their procurement operations.
- The company centralizes data from multiple sources to manage inventory, simplify change management, and improve data quality.
- LeanDNA's platform also provides users with actionable insights into their supply chain performance, enhanced demand-to-delivery visibility, and prioritization of inventory optimization opportunities.
- LeanDNA is used by manufacturers in a variety of industries, including automotive, aerospace, industrial, and medical. Some of its customers include Boeing, Airbus, Spirit AeroSystems, and Tesla.
- Here are some specific examples of what LeanDNA can do:
- Help manufacturers to identify and reduce excess inventory
- Improve on-time delivery performance
- Reduce stockouts
- Improve forecast accuracy
- Reduce supply chain costs
- Improve collaboration between different supply chain teams
Inventory Management Best Practice: Create an Inventory Attack Team - LeanDNA
Richard Lebovitz - Forbes Technology Council
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