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Both demand and supply planning and materials requirement planning (MRP) have been around for a long time. Itโs hard to imagine a modern manufacturing company without either one. With a…
By Olusola Oduntan, Sr. Product Manager. With unprecedented disruption in todayโs supply chains, demand and supply planning are more challenging than ever. Trade wars, tariffs, the pandemic, and a host…
KPIs are critical to understanding and managing complex systems. They allow managers and other decision-makers to make informed and cost-effective business decisions. These decisions involve which materials to purchase, quantities,…
No one wants to hold inventory. It is necessary because of variation: variation in demand, variation in lead times, variation in raw and finished good quantity, variation in yield (production…
In the world of inventory management, there is a term Excess & Obsolete, E&O, used to designate two classes of undesirable inventory. Excess Inventory: This class of inventory is for…
Recent disruptions such as trade wars and COVID-19 have caused many professionals within supply chain management to rethink and redesign many core SCM practices. With longer lead times and port…
With the world having been plunged into uncertainty during the COVID-19 pandemic, a critical issue for business managers is stabilizing their supply chain to a consistent flow of components and…
Selling anything, from widgets to wide-load trucks, isn’t an exact science. There are fluctuations in demand, in supply of raw materials, in shipping and more. That said, getting as close…
Selling anything, from widgets to wide-load trucks, isnโt an exact science. There are fluctuations in demand, in supply of raw materials, in shipping and more. That said, getting as close…
Part 1 of this series of blogs may be found here. Part 2 continues herein. The origins of S&OP are not well documented. It seems to have emerged gradually with…