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 you’re carrying inventory on your supplies, possibly risking obsolescence. You [...]
Whether selling pipe cleaners, or manufacturing widgets to use in the creation of gadgets, any company with operations and production will be dealing with planning and scheduling. The differential between what is planned and what is ultimately scheduled is where [...]
Supply planning is the component of supply chain management involved with determining how to best fulfill the requirements created from the demand plan. The objective is to balance supply and demand in a manner that achieves the financial and service [...]
