The Forecast Accuracy Conundrum
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
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”
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
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.
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
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
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
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
traditional planning tools are A) Not designed to do that and B) Designed Not to do that. No wonder they fail.
Inventory Positioning and the resulting Inventory Availability can prevent the negative impacts of many issues.
I can’t think of any decision, big or small, anywhere in life, where you have a 100% guarantee that you’re making the right choice.
