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
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 a common discussion for me. People are convinced that safety stock will help them to achieve inventory management goals. But when I ask
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.
There is always a bit of a conundrum when talking with potential clients. One common conversation sounds like, “We need to get our data clean
And since I imagine none of you would be happy without a gas gauge, then I ask you, “Why do you think Safety Stock is sufficient to manage millions of dollars’ worth of inventory?”
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
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,
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 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.
Because, by design, the execution is left up to individual participants. And, by design, those changes are not connected to the other players or back up to the customer due date.
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
