Expert Perspectives to Drive Supply Chain Agility and Resilience
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...
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...
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...
Understanding Safety Stock Calculation Strategic inventory positioning is critical in supply chain management, and one of the most important aspects of this is determining safety stock. Statistical formulas are commonly...
At the end of 2023, while attending a supply chain planning conference organized by a leading analyst firm, I was particularly impressed by one of the presentations. An Austrian company...
The Pareto law in inventory management is essential because it allows us to focus on the essentials. To apply it, we may be tempted to carry out an ABC classification...
Salespeople’s core business is to sell – to develop the company’s (profitable) sales. It’s not the job of salespeople to draw up sales forecasts, to ask for this or that...
Good resolutions, you know, those things you decided to do at the beginning of last year that… what was it again? Ah yes, but no, this year it’s different because...
You’re familiar with comparative tests: when you’re looking for the latest fashionable technological gadget to fall for, you browse comparative tests and user reviews! To help you select the best...
“Ah, if only production would do as they’re told,” sighed one of our customers, a supply chain director, recently. I spent thirty years on factory management committees, so I can...
In all fields, and the supply chain is no exception, propaganda has an enormous influence. We are subjected to it in our social life, in our consumer incentives, in the...
Are you familiar with the “five focusing steps”? This approach is at the heart of the Theory of Constraints (TOC), the school of thought initiated by Dr. Eli Goldratt, author...
As the year draws to a close, now is an ideal time to evaluate potential supply chain software upgrades. Proactively assessing new supply chain solutions can offer powerful advantages for...
Are you familiar with the “five focusing steps”? This approach is at the heart of the Theory of Constraints (TOC), the school of thought initiated by Dr. Eli Goldratt, author...
Are you familiar with the “five focusing steps”? This approach is at the heart of the Theory of Constraints (TOC), the school of thought initiated by Dr. Eli Goldratt, author...
