Supply Chain Glossary

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Lean Supply


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Lean enterprises can only achieve their full potential if the participants in their supply chain share similar behaviours and processes. This means that upstream and downstream suppliers need to adopt similar practices so that supply is ‘pulled’ through the chain and each participant is focused on waste elimination and value creation.  Automotive supply chains have been criticised for inventory levels being low at the car assembly stage, while upstream and downstream supply chain participants have as much inventory as other industries.  See also Agility.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 10 May 2022
April PMI rises to seven-month high amid stronger demand, despite sharper price increases
   Source: S&P Global US Manufacturing PMI   -  IHS Markit
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