10 Actions to Build a Better Plan for Every Part (PFEP)

Plan For Every Part (PFEP) is an essential Lean tool for mapping, optimizing, and managing input data to maintain a high-performing supply chain. The specific supply chain pain points or goals that drive leaders to deploy PFEP vary from broad applications like deploying a new Lean Company Management System to narrow ones, such as reducing inventory at a specific plant.

In our hyper-dynamic word, PFEP acts as a company’s winning game plan for supply performance success where results to expect should be receiving a substantial return on investment and a near-term payback.

Industry Pains

Second, many manufacturers use multiple spreadsheets to document, execute and manage aspects of their supply chain operations during new product development, new product launch and continuous improvement projects. This leaves up to 90 percent of our critical supply chain input data offline where it’s not easily, or at least quickly, accessible, increasing costs when change inevitably occurs.

Although historical PFEP cost reduction results are compelling, the time and effort required to maintain, share and leverage the data can slow the time it takes to achieve results over time. To counter this, we recommend the following 10 actions discussed below to build a better PFEP that will enable sustainable supply chain optimization results more quickly.

10 Actions to Build a Better PFEP

1. Enrich Data Quality

2. Standardize a Template

3. Enable Concurrent Editing

4. Automate Formula Calculations

5. Track Commercial Changes

6. Expand the Amount of Data Tracked

7. Maximize Real-Time Reporting

8. Use Predictive Analytics

9. Outline a Maintenance Plan

10. Expand Use Cases

Planning to Win

Strive for seamless information flows that facilitate improved people productivity, empower your teams with purpose-built software tools to get more done, and address one of the biggest industry pains, converting manual spreadsheet data into collaborative Automated PFEP software to compress your time to results.

Supply chain agility is no longer a luxury, it’s a necessity. All members of our supply chain teams are leaders and thus we need to empower them to draw from real-time PFEP KPIs to better execute evolving priorities. Automated PFEP software can help enhance global team collaboration and productivity so that you can optimize your supply chain more quickly.

Building a better PFEP with the 10 actions mentioned above will significantly compress the time it takes to develop, launch, and continuously improve your product supply chains. As with Lean, PFEP is a journey not a destination; your game plan must facilitate flexibility and reduce your team’s workload to ensure consistent supply performance success.

Supply Chain for Tomorrow’s Technology. Ann Arbor, MI.