Lean Supply Chains & Risk
posted on February 14, 2020
Ensuring the safety of people during the Corona Virus is the most important issue, but it is also affecting business. Yesterday JCB, the UK maker of yellow diggers, announced it is cutting production and working hours at its UK factories as it faces component shortages from China. https://www.theguardian.com/business/live/2020/feb/13/euro-low-recession-fears-coronavirus-growth-ec-business-live
Supply chain design is often overlooked as companies search for the lowest piece price (note they are rarely lowest total cost) alternatives. As I read the news I was reminded of the supply chain research we've conducted for over 25 years. We've written a number of articles on some of the most influential pieces of supply chain work we've helped shape, but as a reminder to all business leaders here's the key reference book on creating extended value streams: It's called Seeing the Whole Value Stream /shop/all-lean-book-shop-lean-enterprise-academy/seeing-the-whole-value-stream-2nd-edition and here is a great video from our own Peter Watkins on the work GKN did on the redesign of their extended value streams at one of our Lean Summits:
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Also from LEAN UK...
24th - 25th October 2019
Since we organised our first UK Lean Summit way back in 1997, we've always tried to push the frontiers of Lean Thinking - both in terms of lean research and lean practice. For 2019 we've partnered with The Learning Trust in order to bring a Summit linking the world of business with learning.
It's time to see and then to optimize the entire value stream from raw materials to customer