In the past few days, the news of the blockage of the Suez Canal by a massive container ship called the Ever Given has been dominating the news, so much so, that even kids are talking about it. The phrase ‘supply chain’ is now being mentioned more often than ever before in news media. Some outlets have estimated the cost...
We often see companies wanting to make the transition from spreadsheet-based planning to a best-of-breed supply chain planning system. There is often a question about where to start, what the foundational elements are, and which are the more advanced elements.
Making the business case for Sales and Operations planning is not always easy given that you will need to bring on board key decision-makers in your organization. Let us explore how one can go about making the business case for a proposed S&OP project.
In this blog are some analyses based on the Pareto principle (or as is very commonly referred to as ABC analysis) that one can do in order to determine the alignment of the inventory with the overall needs of the supply chain.
I learned this morning from my LinkedIn feed that January 29 is national puzzle day. So, we decided to put out a fun blog to mark the occasion. We have tried to solve Sudoku using a Mixed Integer Program (MIP). This blog is unrelated to Supply Chain although we use the technique used here to solve supply chain problems. Please enjoy!
I was asked recently about what it takes to transform the supply chain planning process of a company. Having gone through this process a few times in my past, I thought it best to share my experiences and suggestions in the form of a discussion with Tapan Mallik during a webinar. This blog is a precursor to that webinar.
The right technology can provide a solution to maintaining optimal supply chain planning, but how can you justify the investment?
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?
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.
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.