What Is Lead Time Variability and How Can You Beat It?
Lead time variability is a problem in any supply chain / manufacturing environment. Just-in-time supplies don’t always work out that way: you order too soon or too much and now…
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What Is Lead Time Variability and How Can You Beat It?
Lead time variability is a problem in any supply chain / manufacturing environment. Just-in-time supplies donโt always work out that way: you order too soon or too much and now…
The Importance of Effectively Managing Raw Materials Inventory
In todayโs world, the system of vendors, activity, and data required to source, produce, and deliver products to customers is increasingly complex. And the supply chain represents the steps required…
5 Ways to Reduce Lead Times in Your Supply Chain
The single biggest frustration a customer will have with any business is waiting. The need for on-time fulfillment, to generate high customer satisfaction levels, is key to supply chain management.…
Market Forecast Manager
Connect automotive market insights and customer requirements for better forecasting and portfolio planning.
MRP and Inventory Management
Most companies use Material Requirement Planning (MRP) software or an MRP module of an ERP to plan and manage the purchasing and scheduling of materials based on a demand plan…
Calculating Safety Stock: Simpler Might Not be Better
What is safety stock? Safety stock is the extra stock you maintain to mitigate the risk of running out of raw materials or finished goods due to uncertainties in supply…
Whatever happened to JIT?
Just-in-Time (JIT) was all the rage twenty years ago. People were studying the Toyota Production System, synchronizing their production plans with those of their suppliers, and reducing lead times in…
Seven Advantages of Integrated Demand and Supply Planning
A championship football team reaches such heights because of teamwork, practice, and a clear strategy. ย Both offensively and defensively, team members are drilled over and over to work together and…
6 Best MRP Practices For Manufacturers
Executive Summary: Manufacturers utilizing MRP to plan material requirements should ensure data integrity and accuracy including forecasting data, lead times, and inventory. They should also choose software that aligns with…