Gazi Sanaul Hasan

Stock Turns What it is? Stock turnover is a measure of operational efficiency. Specifically, it tells you how many times stock or inventory is being sold and purchased over a given time period. A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. A high turnover rate may indicate inadequate inventory levels, which may lead to a loss in business. For example, a supermarket sells fast moving consumer goods so the stock turnover will be higher (say) 50; whereas a white-ware Retailer would have a lower turnover of (say) 6.  In manufacturing, a reasonable Stock Turn would be 8. The organization should compare industry's stock turns against other similar industries to determine a realistic value. If that cannot be done then simply improve the own Stock Turns to make it as effective as possible. Stock Turns are calculated in a variety of ways. However, one of the most common ways is to divide total sales CO

Key Benefits of ERP Systems in Supply Chain  The integration of supply chain management and ERP is beneficial to any distribution and manufacturing business looking to increase speed, efficiency, and customer satisfaction across all its operations. Supply Chain Management (SCM) involves the way businesses interact with their suppliers and partners to obtain the necessary resources and raw materials used to manufacture finished products to distribute to market. Enterprise Resource Planning (ERP) has the potential to manage and streamline overall business operations by integrating various systems and processes from production management and order intakes to sales and customer service. Combining an integrated and powerful ERP system provides an efficient SCM strategy can result in massive market advantages, of which we mention the following: Automate workflow and speed transactions Improve efficiency across companies in the supply chain Reduce overheads and operational co

How automotive manufacturers and suppliers create efficient inbound supply chains. Facility selection Sourcing decisions are some of the most vital ones automotive manufacturers face. This challenge is often referred to as the “off-shore vs. near-shore” or “low-cost vs. local” question. By using modeling technology, companies can make supplier and manufacturing location decisions that are optimized across the entire supply chain, identifying the tradeoffs across all the different cost elements. Transportation route optimization can be done alone or in conjunction with either supply chain optimization or simulation. Using advanced algorithms, transportation routes are defined to minimize the cost of inbound shipments, while considering realistic cost and constraint structures. This helps answer the questions, “What’s going to happen to our transportation routes when the network design is changed?” or “Could there be a more efficient way to get our product from the supplier to

Difference between Six Sigma Yellow/Green/Black Belt Yellow Belt: A Yellow Belt possesses a basic understanding of Six Sigma. However, unlike green belts or Black belts, yellow belts don’t lead six sigma projects by themselves. These professionals are responsible to support six sigma team in creating process maps. They may act as subject experts or take part as a core team member in six sigma projects. They can also carry out small projects on ad hoc basis with the guidance of Green belts or Black belts.  They may also actively participate in less complex process improvement projects using Kaizen or PDCA. PDCA is an acronym for PLAN-DO–CHECK-ACT technique for Continuous Improvement attributed to Dr. Deming. It allows Yellow Belts to identify process improvement opportunities. And make a process more & more efficient. These Yellow Belt projects can be graduated to the GB or BB level, where a DMAIC methodology is used to maximize bottom-line savings to an exceptional l

What is the concept of Six Sigma? Six Sigma is a disciplined, statistical-based, data-driven approach and continuous improvement methodology for eliminating defects in a product, process or service. Sigma represents the population standard deviation, which is a measure of the variation in a data set collected about the process. If a defect is defined by specification limits separating good from bad outcomes of a process, then a six sigma process has a process mean (average) that is six standard deviations from the nearest specification limit. This provides enough buffer between the process natural variation and the specification limits. For example, if a product must have a thickness between 10.32 and 10.38 inches to meet customer requirements, then the process mean should be around 10.35, with a standard deviation less than 0.005 (10.38 would be 6 standard deviations away from 10.35). Six Sigma can also be thought of as a measure of process performance, with Six Sigma b