Supply Chain Shaman
FEBRUARY 26, 2024
Based on the work with Georgia Tech, we are getting clear on which metrics matter by industry. As companies adopt a balanced scorecard, the functional metrics shift to a focus on reliability. The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.
Supply Chain Shaman
JANUARY 8, 2024
No company in either the household non-durable (consumer goods) or the food manufacturing group beat their peer group on the balanced scorecard of growth, inventory turns, operating margin, and Return on Invested Capital (ROIC) for 2013-2022. The supply chain has two important buffers–inventory and capacity.
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Supply Chain Shaman
NOVEMBER 21, 2023
In the early 1980s, As a result, we did not have a perpetual inventory signal. Without a perpetual inventory signal, we were never synchronized on where to place customer orders. As a result, inventories ballooned after the DRP implementation. The metrics were not aligned. I also ran three outside warehouses.
Supply Chain Shaman
MAY 1, 2023
The use of descriptive analytics along with agile planning techniques (what-if analysis, discrete event simulation, and network design) helped. Certain supply chains like maintenance parts, designer/fashion items, new product launches, and food service items must be managed in an agile supply chain. Inventory as Waste.
Supply Chain Shaman
SEPTEMBER 28, 2022
The low Return on Invested Capital (ROIC) and the growth below the industry average comes from the lack of network design and organizational alignment between new product development, manufacturing, and procurement. We find that three factors mattered: organizational alignment, descriptive analytics, and inventory management.
Logistics Viewpoints
JUNE 19, 2023
However, AI’s inability to solve the very limited problem of ensuring that inventory is located in the right place in a warehouse suggests that planners don’t have to worry too much about job security. For fulfillment to be efficient, a warehouse needs the right inventory located in the right slots in a warehouse.
Logistics Viewpoints
FEBRUARY 21, 2022
The primary payback for demand and supply solutions comes in the form of reducing the amount of raw material, work-in-process, and finished goods inventory a company needs to carry. A network design model figures out where factories and warehouses should be located. The key solution for this is network design.
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