Making Changes and Embracing New Things
On a recent trip, I tried to remain cashless. No need to exchange money. Just use credit cards everywhere. I even used my phone “wallet”
On a recent trip, I tried to remain cashless. No need to exchange money. Just use credit cards everywhere. I even used my phone “wallet”
All of us are limited by what we can imagine. And that is often influenced by what we have seen or how we have worked
We’ve all had the opportunity to arrange a small dinner gathering of friends. What can we learn about supply chain and inventory management from that
Reality #1: We live in an imprecise world. Challenge #1: We have flawed data and inaccurate forecasts. Misconception #1. We think the right thing to
So, why are we still applying the solution when we no longer are facing the problem? There are only two possible answers to that.
We are looking at the wrong end of the problem.
If you’re frustrated and unable to see the path forward, it starts with inventory management and fixing the inadequate systems you’ve been forced to work with. Once you see the solution that I’ll present to you, you will never be able to “unsee” it.
“We’re taking data we know is wrong and using it to predict a precise outcome that we somehow expect to be right.
In traditional MRP, we start with a prediction of demand called a forecast, which is typically a range. We are forced to choose one single number to represent that range which we then input into a complex calculator.
Forecast Accuracy has been a topic of discussion for decades. Just from my own time in supply chain (20 plus years), it’s always been front
Forecast Accuracy has been a topic of discussion for decades. Just from my own time in Supply chain (20 plus years), it’s always been front
The most common situation in business. Sales: “We ran out of inventory. You need to keep enough on hand so we can sell.” Purchasing: “We
This is the way we’ve always done it. We hear it all the time. It’s often given as the most dangerous sentence in all the
The biggest lie we have ever been told: It’s not that simple. Why do we in Supply Chain accept the chaos? We complain about it,
This is a common discussion for me. People are convinced that safety stock will help them to achieve inventory management goals. But when I ask
The Demand Driven MRP methodology begins with Positioning. Inventory Positioning specifically. What is so special about positioning? It is the key to solving one of
Let’s think about travel. It’s a great analogy for our supply chain challenges. You know where the event is going to be, but not when.
I came across an interesting discussion the other day. The initial question? Who in an organization is responsible for resource planning and scheduling? The responses
