Can You Make the Case For Supply Chain Technology Investment?
The right technology can provide a solution to maintaining optimal supply chain planning, but how can you justify the investment?
Top 5 Signs You Have Outgrown Your Planning System
Industry analysts, big-time consultants, and your peers are all talking about technology, digital transformation, and the future of the supply chain. It can seem like a lot of noise given the day-to-day pressure you feel while working to ensure that inventory is on hand and positioned where it is supposed to be. With all you have on your plate, are you aware of the signs that it is time for a change?
What is Inventory Forecasting & Why your Business Needs it?
Inventory Forecasting is the process in which the historical sales data, historical purchasing data, current demand planning, planned production, and distribution resource plan data are used for predicting inventory levels in a future time period.
Is your Supply Chain geared-up for this Holiday Season?
For businesses, it’s a great opportunity to cash in on the seasonal spike in customer demand. However, every year it also poses a unique situation with equal challenges along with the opportunities.
RCCP versus MPS – Can They Be Connected?
Master Production Scheduling (MPS) plans for items that are independent (or direct) demand. Independent Demand is a demand that comes from Sales Orders, Service Orders, or forecasts on end items, i.e., items that we sell to customers. In RCCP, the principle assumption is that family-level assumptions are good approximations for the SKU level detail and the change in the mix will not have a big impact on the capacity projection.
Business Forecasting Lessons From Hurricanes
With each storm, there comes a bevy of forecasts put out by different computer models. These forecasts begin about 10 days out and change as the storm gets closer and closer. This blog tries to extract some learnings from this process of forecasting.
Effect of Shutdowns (or Other Supply Disruptions) on Demand Variability
When trying to forecast demand for the future, it is important to understand the variability in the underlying dataset.
Impact of right-sizing inventory on EBITDA
Supply chain planning projects are often approved on the back of the promise of lower inventory levels. In a recent conversation, I was asked a more nuanced question: whether right-sizing inventory via better supply chain planning improves earnings before interest, tax, depreciation, and amortization (EBITDA). This blog tries to address this question.
Forecasting with Returns
Should we combine the positive numbers and the negative numbers as we approach the essential business of forecasting future demand? Let us think this through.
Demand Segmentation Starter Guide
Use this comprehensive guide to get started with your product-customer demand segmentation analysis process.