TR Falcon

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

[TR Falcon @FalconFastening]

Be sure to follow TR Fastenings for the latest company wide news and events: https://t.co/KX7lAWuKfz

[TR Falcon @FalconFastening]

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... https://t.co/wvIcqnQ4N4

[TR Falcon @FalconFastening]

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... https://t.co/rFkQ63A5Fr

[TR Falcon @FalconFastening]

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... https://t.co/IwYK6XbgEF

[TR Falcon @FalconFastening]

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... https://t.co/dLbHJR0riT

[TR Falcon @FalconFastening]

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... https://t.co/ryb9EBfuCo

[TR Falcon @FalconFastening]

#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 https://t.co/RHx1edRHeq

[TR Falcon @FalconFastening]

#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 https://t.co/E2u3vvX2g1

[TR Falcon @FalconFastening]

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.
https://t.co/ojKmb8XSI3

[TR Falcon @FalconFastening]

#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...
https://t.co/COXWsIuI0m

[TR Falcon @FalconFastening]

#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? https://t.co/Ftg2nKyLjo

[TR Falcon @FalconFastening]

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... https://t.co/Jl6rh8JCZm

[TR Falcon @FalconFastening]

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... https://t.co/UWp7ZNLnav

[TR Falcon @FalconFastening]

#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)… https://t.co/J8UDYbqwfC

[TR Falcon @FalconFastening]

#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"... https://t.co/J3zsB6d9F7

[TR Falcon @FalconFastening]

#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... https://t.co/EZS4y8GUbR

[TR Falcon @FalconFastening]

#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 https://t.co/LzHHlc3Yfl

[TR Falcon @FalconFastening]

#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...
https://t.co/FXaKuOEHgf

[TR Falcon @FalconFastening]

#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.. https://t.co/aAaLUTpnVk

[TR Falcon @FalconFastening]

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...
https://t.co/sqMi9YAlgj