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Lean Supply


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

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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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News & Trends
 

Last update 9 Aug 2023
Decline in manufacturing performance softens in July
   Source: S&P Global US Manufacturing PMI ™  -  IHS Markit
United States 


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