Supply Chain Shaman
MARCH 21, 2024
We explore the concept of holistic inventory strategies focused on the form and function of inventory. In the process, we learn that only 15-20% of inventories are safety stock and that the current APS frameworks do not enable a holistic analysis of the form and function of inventory. Education and leadership.
GlobalTranz
JANUARY 8, 2015
What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.
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Supply Chain Shaman
MARCH 27, 2014
It replaces rules-based consumption in demand planning, and will improve short-term forecasting by 30-35%. The average client that has implemented demand sensing technologies has reduced inventory by 11%. Prove that it works and educate the team on how the “touching of demand data” actually reduces demand accuracy.
Logistics Viewpoints
JUNE 7, 2021
When companies implement a demand management or replenishment system, the goal is usually to improve customer satisfaction while holding less inventory. From a data standpoint, they learned that the data they had in their enterprise system regarding the amount of inventory a customer could hold was often wrong.
Ware2Go
FEBRUARY 24, 2022
That means most SMB’s are working with limited data and analytics on the supply chain side, and often inventory management and demand management are based on educated guesses and rarely tied to sales data or demand patterns. Slow Inventory Turns.
Silvon Software
JANUARY 25, 2023
The demand planning process must be easily understood and should convey who does what, and by when. At a minimum, sales should start with a statistical base forecast and historical data provided by the demand manager and make incremental changes each month. Expect Sales to make incremental changes only.
Supply Chain Shaman
MARCH 9, 2020
Simplistic thinking of trading-off customer service, inventory and cost became much, more complicated with the shifts in asset strategies. As companies outsourced—greater dependency on third parties for manufacturing and transportation—and asset utilization grew from 10% to 35% ROIC the management of the supply chain became more complex.
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