Many companies, particularly those in complex discrete manufacturing, are highly focused on improving work-in-process (WIP) turn and inventory management. Perhaps counterintuitively, many organizations who attempt to solve this problem with a narrow focus show sub-optimal improvements compared to those who approach inventory management under a broader plan of attack. Why?
Drawing upon key data from the Manufacturing Operations Management (MOM) Survey, in this eBook LNS Research dives into the dynamics of production, suppliers, customer orders, and discusses how a broad and comprehensive approach to supporting software, including deployment of MOM applications, can yield significant improvements in WIP.