A Journey Through Safety Stocks, Part 7
This blog continues the discussion with Kate and Jane and covers variance and cycle service level.
Our Top Blogs from 2021
Arkieva prides itself on providing some of the best in supply chain thought leadership. Over 300,000 individuals read our blog articles in 2021. The volatile nature of the supply chain today drove our readers to educate themselves on practical actions they can take to remain competitive.
Announcing the New Arkieva Brand
We are excited to announce that we are rebranding Arkieva to fuel growth, strengthen our position in the market, and continue to be a recognized leader in the supply chain industry. Over the past few years, we have been relentlessly focused on solving the most complex planning challenges through simple, intuitive, end-to-end solutions leveraging our best-in-class data scientists, software developers, and supply chain optimization consultants.
How “Forecastable” is Your Data? It’s Complex Anyway You Look at It
These “key tools” balance a need for simple with a need to handle the complexity of SCM – following the IBM adage – complexity exists whether you ignore it or not, best not to ignore it.
Forecasting Lessons From Popeye Chicken Sandwich Stockouts
Though social media could drive up the brand of a company, it can also cause big disruptions in the supply chain operations of a company. A great example that happened recently is where Popeyes Louisiana Kitchen chain ran completely out of chicken sandwiches.
Everything You Need to Know About Demand Forecasting
What is Demand Forecasting? Demand Forecasting is the process in which the historical sales data is used to develop an estimate of expected forecast of customer demand.
Look beyond the Turnover Ratio! Here’s a Simple Way to Create an Effective Inventory Management Process
Use this simple tool for identifying areas of potential improvement in the business to create an effective inventory management process. This type of measurement allows for a more widespread understanding of the nature of inventory and fosters action to prevent a build-up of non-value-adding "drag".
Which Team has the most die-hard fans? The Eagles or the Patriots? Our Sentiment Analysis Tool Tells It All.
As a local Philadelphia business, we are so excited about the Eagles making it to the Super Bowl this year, we decided to track the excitement level of people leading up to the event by using our Social Sentiment Analysis Tool.
Who’s to Blame for the “Unwanted Extra Ingredient?” A look at Challenges of Supply Chain Management in the Fast Food Industry
Now and then, we hear about horrific fast food restaurant stories where an “unwanted extra ingredient” is found. While we may be quick to blame the serving fast food restaurant for the mishap, the supply chain of fast foods is often complicated. When we stop by our favorite fast food restaurant to grab a quick bite, we often don’t think about the process that goes into assembling our combo meal.
Only the Shadow Knows – Identifying the Unobvious with Supply Chain Modeling
While reading a wonderful article titled “Linear Thinking in a Non-Linear World – the obvious choice is often wrong” in the May-June 2017 issue of Harvard Business Review, I was immediately transferred back to the early 1980’s and theme of the IBM Advanced Industrial Engineering department – “only the model knows.”