Having access to an accurate forecast is very beneficial for businesses. If used correctly, it can provide better margins, increase market shares, and many other positive results. At a more tactical level, it can help reduce the costs associated with meeting the customer demand and make the supply chain more efficient.
In a previous blog post, we discussed how a high or low value of Coefficient of Variation (CV) impacts the first or second term of safety stock. Today we decided to put this to the test using real customer data - here we will discuss our findings.
Arm your supply chain planners with the right software tools so they can turn your data into better business decisions.
Learn how to combine very different metrics/KPIs towards a composite score, this is a question that comes up quite often in my conversations with customers.
Recently, we have heard about several product shortages and other issues in the supply chain. Let us try and make sense of some of these in this blog. As I live in the US, my experience is somewhat limited to what happened here.
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!