GM Lean Inventory Practices to Drive Liquidity

General Motors will use lean practices to better manage inventory levels in order to reduce working capital requirements. These are part of strategic steps to adapt its business to rapidly changing market conditions. ...

... "Aggressive actions are being taken to improve working capital by approximately $2 billion in North America and Europe, primarily related to the reduction of raw material, work-in-progress and finished goods inventory levels as well as lean inventory practices at parts warehouses. " ...

Via GM: Operating and related actions to generate approximately $10 billion in cash improvements

Lean Warehouse Through Wireless Processes

Lean work processes in the warehouse are enabled by wireless technology. ...

... "The basic principles of Lean Manufacturing date back at least to the 18th century. In Poor Richard's Almanack, Benjamin Franklin wrote, He that idly loses 5s. " ...

Via Plant Services: Lean Warehouse

Cost Reduction Program Yields Results

Standard Register implements cost reduction program to compete effectively in its industry. ...

... "Earlier this year, the Company consolidated its manufacturing and warehousing operations in a move expected to save approximately $5 million annually. Today's action eliminated approximately 250 positions, primarily in management and overhead, representing $22 million annually in compensation and related costs. Other new initiatives that target purchasing costs and other non-compensation expenditures are expected to lower costs by an additional $13 million annually. These actions, including the earlier restructuring, are expected to reduce second half 2007 costs by $15 million versus the levels incurred in the first six months of the year. The remaining balance of the $40 million in annual savings is expected next year. Separation costs associated with today's restructuring are estimated at $3.5 million, which will be recorded in the third quarter. " ...

Via Standard Register: Cost Reduction