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TR Falcon @FalconFastening

TR Falcon provides fastener and component inventory management solutions to manufacturers (OEMs) throughout North America.

Joined December 2014
  • Tweets 473
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  • Followers 154
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TR Falcon@FalconFastening
22 Sep 2023
Be sure to follow TR Fastenings for the latest company wide news and events: x.com/trfastenings
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Lean #InventoryManagement (#Kanban) needs #KanbanBin triggers for timely #Replenishment. Signals like #KanbanCards should only trigger #Inventory orders when needed. To determine the best timing, you must consider a few vital factors... qoo.ly/3ettxb
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There's many road blocks that can increase an OEM's #LeadTime, slow down #Manufacturing and sabotage #OperationalEfficiency. Luckily, these 5 common issues have reliable solutions... qoo.ly/3etc8f
1
Simultaneous #Stockouts and #Overstock are a symptom of poor #InventoryManagement. Why do they plague otherwise #LeanManufacturing OEMs? They lack a #PlanforEveryPart; the secret to comprehensive door-to-door #MaterialFlow and a key #Kanban prerequisite... qoo.ly/3emcg5
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For #LeanManufacturing OEMs, ABC #InventoryClassification is the foundation of #InventoryManagement and #MaterialFlow efficiency. It's a key #Kanban prerequisite. Classifying #Inventory can seem tedious and tiring, but it's as easy as 8 simple steps... qoo.ly/3ekb4g
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ABC #InventoryClassification is a powerful #InventoryManagement tool in #InventoryControl and #MaterialFlow planning. It empowers #LeanManufacturing OEMs to improve the efficiency of the #InventoryReplenishment schedule and is a key #Kanban prerequisite... qoo.ly/3eiedg
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#MRP can be painful. Sadly, the main #InventoryReplenishment method many manufacturers (#OEM) use is #MaterialRequirementsPlanning or #ManufacturingResourcePlanning. MRP bases #PurchaseOrders on #DemandForecast and on-hand #Inventory But how does MRP stack qoo.ly/3eghb5
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#A3 is a vital #LeanManufacturing tool for #Manufacturers (#OEM) because of the structure, focus, collaboration and consensus it brings to #ProblemSolving and decision making. An #A3Report tells a #ContinuousImprovement story that turns the #PDCA wheel and qoo.ly/3eem4z
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On the #LeanJourney, improvements should free a manufacturer's (#OEM) #capacity. #BoxScores are a powerful tool for tracking and communicating #ContinuousImprovement results, such as freed capacity that can be reallocated to other value-added activities. qoo.ly/3edbp7
2
#LeanManufacturing requires lean #PerformanceMeasures.Sadly, many #Manufacturers (#OEM) on the #LeanJourney, neglect revising their measures, ultimately sabotaging lean success. They fail to recognize the impact of lean measures and how to choose them... qoo.ly/3ebv6t
2
#InventoryManagement takes more than #Kanban cards, boards, and processes. You need a plan. A #ValueStreamMap (VSM) is a powerful #LeanManufacturing tool that uncovers opportunities to cut #ProcurementCost, improve #Productivity. What can it do for you? qoo.ly/3e7cuu
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Quantifying #DemandVariation is a contentious #InventoryManagement topic. It's vital for setting #SafetyStock & implementing #Kanban and done wrong, can sabotage #CashFlow & DeliveryPerformance. Estimation won't do. Luckily, we have a reliable process... qoo.ly/3e6t5f
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For #Manufacturers (#OEM) #InventoryManagement by #MRP or #Kanban can be costly: bad forecasts, missed restock signals, #stockouts, expedites, #overstock, manual counting, etc. AutoKanban reduces #LeadTime, slashes #MaterialCost, eliminates #Downtime... qoo.ly/3d2xfb
2
#ElectronicKanban often triggers polarizing reactions in #LeanManufacturing. Some people see it as the holy grail. Others consider #eKbanan heresy in #Kanban. We must clearly define what we mean and don’t mean by eKanban before we proceed (#AutoKanban)… qoo.ly/3dz6ue
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#Kaizen is one of the key #ContinuousImprovement drivers in #LeanManufacturing. Kaizen literally means "change for the better" on any scale or scope. But before we can effectively apply Kaizen, we must firmly understand the "#3Gens" or the "#3Actuals"... qoo.ly/3dv87f
2
#InventoryManagement is vital. Sadly, #StandardCostAccounting (traditional #accounting) can sabotage #LeanManufacturing success by making #Overproduction look good, and #InventoryReduction looks bad! Luckily, there's a better way through #LeanAccounting... qoo.ly/3dtztj
2
#Manufacturers can spend 65% or more of their material cost on the #procurement process. #ProcurementOutsourcing can often manage non-strategic items more reliably and efficiently than #OEMs can internally. It also has risks and can undermine its initial b qoo.ly/3drnzr
2
#ValueStreamCosting is a #LeanAccounting tool for #Manufacturers (#OEMs) to track #ContinuousImprovement initiatives by attributing costs and revenues and #inventory to #ValueStreams instead of to products as with standard cost accounting. This 8 step... qoo.ly/3dqq4n
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#LeanAccounting reduces the workload of routine accounting, control, and measurement, giving #LeanManufacturing (#OEM) accountants more time for strategic initiatives. To truly value its power, you must first understand some traditional #AccountingBasics.. qoo.ly/3dhtw8
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While lean can help #Manufacturers (#OEM) improve (#OperationalEfficiency, #ProcurementCost #ReduceInventory), #ContinuousImprovement must be measured. Sadly, many #LeanJourneys are sabotaged by traditional accounting. #LeanAccounting is necessary for... qoo.ly/3dfs72
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