SGV 70 Lumberg

's notion SGV 70 is part of Lumberg's notion for an efficient and optimized supply chain execution. It is part of the key elements of Lumberg's Lean Supply Chain model. SGV 70 adopts the concept of just-in-time (JIT) inventory management, a key practice of lean supply chains, to reduce the need for costly warehousing and inventory storage, while still maintaining the necessary inventory levels to meet customer demand. It also emphasizes supplier collaboration, where suppliers receive detailed, up-to-date information from the customer as well as feedback from the production process. This enables suppliers to make decisions about inventory levels and deliveries based on real-time customer demand. SGV 70 also emphasizes demand-driven management in order to reduce waste and increase operational efficiency. As part of Lumberg's notion, it encompasses the ideas of total-supply-chain-efficiency, utilizing both supplier and customer collaboration, and demand-driven inventory management.