One flick of the wrist triggers a wave of disruption that grows the deeper it penetrates the supply chain. This blog explains the bullwhip effect, how the pandemic exacerbated it and tips on how to mitigate the effect.
Dr. Ken Fordyce shares his takeaways from Gartner's free webinar on the performance lenses that supply chain leaders must apply and balance.
Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply chain network. High customer service translates to more business for the organization, and low inventory costs mean increased working capital. Supply chain planners may struggle to balance both, but good inventory planning software would help
Whether you are a manufacturer, retailer or distributor, inventory is likely one of your largest assets – after cash of course. Managing this asset takes a cross-functional team, all (hopefully) moving in the same direction. Weak management of the inventory process results in a porous supply chain.
Demand forecasting is often done in planning buckets such as months or weeks. But what about the pattern of demand inside a period? Whatever pattern it is, a demand planner should strive to understand it.
A lot of projects propose to deliver ROI through lower levels of inventory. Servicing the demand at desired service levels with lower inventory should save the company some money. But how, exactly?
Successful management of inventory is a hot topic in supply chain management. While it's easy to measure, the cause may be complicated to uncover.
In today’s highly globalized economy, no country can remain isolated or insulated from the outside world. The world is so interconnected that one hiccup can cause a myriad of issues downstream.
When engaging in capacity planning, it is important to consider the product mix and seasonality of your business to ensure an effective and accurate outcome.
Subscribe and save makes planning easier. Consistent demand means less fluctuation in order volume, which makes forecasting, inventory management and scheduling more predictable.