Managing the Complex Network is Key to Profitable Growth
Dr. Ken Fordyce shares his takeaways from Gartner's free webinar on the performance lenses that supply chain leaders must apply and balance.
Part 3: How NLP Benefits the Supply Chain – Internal Structured Data
This blog discusses how utilizing a semantic parsing method can help a less experienced user transform their data questions into advanced database queries, and how it can help detect errors in datasets.
RCCP Versus MPS: How Are They Connected? Elixirs and the Wrong Question
A reasonable question supply chain folks often ask themselves is ‘What is the relationship between Rough Cut Capacity Planning (RCCP) and Master Production Scheduling (MPS)?’ However, this is the wrong question to ask oneself. This blog will address the transition from AS to central planning as best practices and demonstrate that with a firm’s due diligence they can make the transition successfully. This is critical for what-ifs and effective use of optimization.
Classical Supply Chain Management Confronts its Quantum Revolution – the Path to Rapid Intelligent Response (RIR)
COVID-19 direct and ancillary events have made clear that uncertainty is an inherent part of the demand-supply network structure. Every firm, on a regular basis, faces “risk situations" such as manufacturing excursion, unexpected new demand or loss of demand, component supplier interruption, etc. This has placed risk management and rapid intelligent response (RIR) front and center in SCM discussions.
Five Steps to Develop an Effective S&OP Process – Step 4: Balance Supply and Demand
Over the past 5 weeks, Jeff Ondria has hosted a set of short interviews on LinkedIn about the five distinct steps to develop an effective S&OP process. In today's blog, we discuss step 4 Balancing Supply & Demand where we will answer some key questions with respect to balancing supply and demand.
CPE Planning Level, IBP, Elixirs, and the Ongoing Challenge
In SCM there is an ongoing flow of elixirs (magic potion) from ‘false prophets’ claiming that they are an easy path to improved performance. A recent elixir is IBP followed by “doing central planning at the family level” to neutralize the uncertainty associated with estimating demand at the product level. This blog will illustrate the challenge in this effort since factories produce products, not families.
Target Inventory and Central Planning Engines (Models) – Avoiding the Runaway Train
Often inventory is considered the simplest component of supply chain management that can successfully be managed separately. The purpose of this blog is to provide some observations to avoid the runaway train. We will first review the basics of CPE and then address the use of target inventory (specifically ending finished goods inventory EFGI) in CPEs.
Guide to a Successful Leap to Warp Speed in Central / Supply Planning – LP Genie
Learn when it is time to move from RCCP to LP Genie for your CPE as part of your organization’s journey pulling from years in the trenches and current ongoing activities with clients.
Trim Loss Optimization
In this blog, we will explain the basics of trim/loss and further explore the potential disasters from failing to manage the big picture.
Using ABC Analysis to Determine Off-Balance Inventory
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.