LeanDNA was named a Partner in Collaborative
Innovation at the 2023 Manufacturing Leadership Awards.
AUSTIN,
Texas, April 9, 2024 /PRNewswire/ -- The National
Association of Manufacturers Manufacturing Leadership Council has
selected a project by Modine (NYSE: MOD), a diversified leader
in thermal management technology and solutions, and LeanDNA, a
leading intelligent supply chain execution platform, as a finalist
in the Digital Supply Chain category for a 2024 Manufacturing
Leadership Award.
The companies will be recognized for their submission, "Modine
Manufacturing Company Implements LeanDNA to Optimize Inventory,
Improve On-Time Delivery, and Increase Supply Chain Resiliency," at
the Manufacturing Leadership Awards Gala in Marco Island, Florida, on June 5, 2024.
In the award submission, Modine discussed challenges across its
supply chain network stemming from inefficiencies. The organization
implemented LeanDNA as its comprehensive intelligent supply chain
execution solution. They cited predictive analytics and
prescriptive execution recommendations as vital to digitally
transforming its supply chain.
"This project has given the team at Modine more time to focus on
intelligently executing and taking effective actions. You have to
invest in smart learning and decision-making platforms like LeanDNA
that can help you be more agile," said Vatsal Gandhi, Executive Director of Global
Supply Chain at Modine.
"Modine was able to quickly drive value from LeanDNA by inviting
a broad range of stakeholders, including material managers, buyers,
planners, and procurement, to use the platform," said Richard Lebovitz, CEO of LeanDNA. "They
established a structured framework and processes that enabled
LeanDNA to become a cross-functional hub to address material health
and improve overall collaboration expeditiously," said
Lebovitz.
"LeanDNA seamlessly integrates with our ERP system and
facilitates enhanced supply chain decision-making at multiple
levels of the organization. It not only provides summary dashboards
and intelligence to leadership, but it also empowers front-line
employees with superior information and diminishes their workload,"
said James Dawsey, Senior SIOP &
Demand Management Leader at Modine.
The project has resulted in significant, tangible improvements
across various aspects of Modine's supply chain, most notably
contributing to enhanced efficiency, reduced shortages, and
improved overall operational resilience. Results have included:
- Modine factories that have implemented the LeanDNA platform
have seen a 50% reduction in supplier past dues and material
health.
- Modine plants with the LeanDNA platform realized a significant
inventory reduction within the first 6 months of
implementation.
Modine's partnership with LeanDNA allowed them to apply 80/20
business principles to their supply chain. Instead of spending 80%
of their time building reports and analyzing data, and 20% of their
time executing on actions, the team was able to flip these
percentages.
About LeanDNA
LeanDNA is a leading intelligent supply
chain execution platform that enables supply chain teams with a
single source of truth for inventory management and production
readiness. This cloud-based platform synchronizes execution across
the supply chain, empowering manufacturers to prioritize and
collaborate to resolve critical material shortages and excesses.
With LeanDNA, manufacturers improve on-time delivery and working
capital levels by gaining visibility into current and incoming
materials, actions based on inventory criticality, real-time
collaboration with suppliers, and the ability to track progress
toward inventory optimization goals. Learn more at LeanDNA.com.
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SOURCE LeanDNA Inc