When you learn the principles of MRP, you use a view like the one below. Periods 1 2 3 4 5 6 Forecast 40 50 40 40 70 20 Registered orders 80 45 30 50 50 5 Requirements 80 45 40 50 70 20 Projected Inventory 50 170 125 85 35 … Read more
For small and medium enterprises, the question of upstream supply chain vs. downstream supply chain management does not arise. The factory is in direct contact with the company’s customers, and the supply chain team handles the end-to-end planning process: sales forecasts, order taking, production planning, procurement, inventory management and distribution. In large, multi-site groups, things … Read more
If the forecasts are wrong, what is the point of forecasting? The subject of forecasting has been stirring the supply chain community for ages. We have invested a lot, and continue to invest in this subject, with a renewed interest in the age of artificial intelligence, machine learning, big data. We are keeping our fingers crossed: perhaps … Read more
