In our factories, a practice has become established: short-interval animation. Team meetings are held with operators, reviewing what has happened in the last few hours, the team’s priorities for the coming shift, the status of actions in progress, and problems to be solved. This same ritual is repeated by sector and at the plant level. … Read more
2014: Do You Know VUCA? When I started arguing with companies about the relevance of Demand Driven tactics eleven years ago, I had to explain the volatile business environment at some length. “Today’s environment is increasingly volatile, uncertain, complex, and ambiguous, so we need to develop supply chain agility and resilience. It is illusory to … Read more
Understanding Good vs. Bad Stock When you work in any industry that deals with products, you quickly realize that inventory management is a complicated process. Businesses constantly struggle to find the right balance—do they need more stock, or is it better to reduce it? How much is too much? How little is too little? These … Read more
Urban legend has it that we need a very accurate forecast. Of course, we know that this won’t happen, as actual demand will differ from forecasts. Nevertheless, major efforts are being made to improve forecast accuracy in demand-driven planning. For the sake of curiosity, let’s take a look at an item replenished using a Demand … Read more
