When it comes to inventory optimization, companies often have to play a delicate balancing game to ensure that they have optimal levels of inventory. If your forecast numbers are too high, you run the risk of holding costly excess inventory and reducing available cash on hand. If your forecast numbers are too low on the
I was lucky to attend the Gartner Supply Chain Executive Conference in Phoenix last May. 1 of the keynote speakers was Mike Duke, the former CEO of Walmart. He summarized his career in 10 pieces of advice he got from 10 key persons throughout his life. His parents, his teacher, his first boss, … Advice
Good handling of market demand data is one of the most vital concepts in any supply chain. But how to create powerful demand planning implementation? The five-step approach outlined below provides guidance.
Last time in Sales, Inventory & Operations Planning (SiOP) – Part Four I talked about the Supply step of the cross-functional process of SiOP. For this blog we will conclude this discussion with the Exec SiOP step.
Last time in Sales, Inventory & Operations Planning (SiOP) – Part Three I talked about the Demand step of the cross-functional process of SiOP. For this blog we will discuss the Supply step.
Last time in Sales, Inventory & Operations Planning (SiOP) – Part Two I talked about the Demand step of the cross-functional process of SiOP. For this blog we will discuss the Inventory step.
Last time in Sales, Inventory & Operations Planning (SiOP) – Part One I talked about the Segmentation and Product Management steps of the cross-functional process of SiOP. For this blog we will discuss the Demand step.
I pride myself on being an expert in designing and implementing Sales, Inventory and Operations Planning. Companies that have a good SiOP process can’t imagine how to live without it. It is the key instrument for the CEO to navigate the business along the budget towards its strategic targets. In Part One of the SiOP series
Many organizations are segmenting customers and products to improve EBIT and working capital or to implement their strategy more consistently. Although segmentation initially seems to be little more than a logical reflection on the customer and product portfolio, it is actually a lot more complex than that. When embarking on a customer product segmentation exercise,
How will Big Data change the way we work and approach the world?