A Six-Step Process for Demystifying Your Safety Stock Process

Do others challenge your safety stock selections? Are you in need of a safety stock process or policy? Want to take the drama out of your safety stocks? Use this collaborative six-step process to demystify your safety stock process and a create buy-in.

By | July 10th, 2018|Memoirs of a Black Belt, Safety Stock|0 Comments

Will Big Data change the world?

How will Big Data change the way we work and approach the world?

Strategic Benchmarking in the Supply Chain Triangle (Part 2)

Is it possible to use a company's public financial data to strategically benchmark inventory? Bram answers this in the two part conclusion to his 'Inventory Benchmarking’ blog series.

Strategic Benchmarking in the Supply Chain Triangle (Part 1)

Is it possible to use a company's public financial data to strategically benchmark inventory? Bram answers this in the two part conclusion to his 'Inventory Benchmarking’ blog series.

Linking the Supply Chain Triangle to Strategy

In this post we talk about how to align the Supply Chain Triangle with your business strategy and the three types of leader strategies observed by Treacy and Wiersema: Product Leaders, Opex Leaders, and Customer Intimacy Leaders.

The Best Practice Frontier in the 3D Supply Chain Triangle

In many companies we see a lack of alignment between the three corners of the Supply Chain Triangle, so let's take the triangle into three dimensions and explain the concept of the “best practice frontier”.

My Vision for Supply Chain 2020? Deep Integration!

What will the Supply Chain be like in the year 2020? In the evolution of supply chain, people, process and technologies must be aligned correctly to achieve maximum results, and leaders must connect the dots to ensure supply chain becomes more market driven.

Struggling with Multi-Echelon Inventory Adoption

The benefits of a multi-echelon approach to inventory are always convincing. So then why is multi-echelon inventory adaption so slow to catch-on? Dr. Bram Desmet explores single-echelon vs. multi-echelon inventory approaches, and some of the reasons behind the slow rate of multi-echelon inventory adoption.

Using Coefficient of Variation as a Guide for Safety Stocks

In one of my previous posts, I wrote about using coefficient of variation (CV) as a predictor of forecastability. In this post, I will talk about how it can be used to indicate a sensitivity of lead time towards the safety stock calculations. To quickly remind the reader first: The formula for CV = StdDev (σ) / Mean (µ)

Cycle Service Level Versus Fill Rate Service Level – Part Two

Last post, I discussed in some detail the concept of cycle service level and how it works in the retail or a B2C environment. This week, let me take up the case of a business in a B2B environment. Typically, in a B2B environment, the orders are placed in bulk over the phone or the web. The customer typically is another business requiring large amounts of products to feed into their production process. An order is also usually made of multiple line items where the customer asks for multiple products on the same order.

By | September 17th, 2015|Inventory Management, Safety Stock|5 Comments

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