The Perfect Logistical Nightmare
FORMULA 1 is all based on the principles used for SMED, the lean technique we use to reduce the time it takes to change a machine from making one part to another.
In F1 the pit stop is the equivalent of the machine downtime. The aim is to get the car back racing as quickly as possible.
Standardized Procedure
Practise
Preparation
Precise Location
Waste elimination
Sustainability
ENERGY ECONOMY
TRANSPORT
RACE WEEKENDS
Supply Chain Management
Supply Chain Management encompasses, planning, design, control and implementation of all business processes related to procurement, manufacturing, distribution and sales order fulfillment functions of a business.
Logistics is the backbone on which Supply Chains are driven. Logistics refers to the management of the flow of goods and supplies involving information, data and documentation between two entities or points. Logistics plays important role in post procurement function of delivery of raw material from the supplier to the point of production and Finished Goods Supply chain management from the point of dispatch from factory to the point of delivery to the customer.
FORMULA 1 OVERVIEW
Operational Excellence
Tracking & Monitoring
Strategy Deployment
Process Excellence
High Performance Team
Performance Management