The Hidden Cost of “Business as Usual”
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
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
Inventory Positioning and the resulting Inventory Availability can prevent the negative impacts of many issues.
the more steps you have, the less likely your calculations will be completely predictable.
We are looking at the wrong end of the problem.
“We’re taking data we know is wrong and using it to predict a precise outcome that we somehow expect to be right.
I asked a group of supply chain purchasing and planning professionals a simple question. I asked them how they decide just when to place an order and just how much.
If you have product available, then sales will result. You will only maintain that level of sales if you have the capability to produce to the customer demand. And if you produce only what the customer is buying, then you will have the money to pay bills, including worker salary.
Typically, your family uses three eggs per day, so you set a safety stock level of six (two days worth). This means you never intend to have less than six eggs. That way, you should not have to rush to the grocery store just because of eggs.
Sometimes Supply Chain feels harder than Mission Impossible. Is five seconds really enough warning prior to something self-destructing?
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
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
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.
