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Is your inventory putting you in a constraint jacket?

Let’s look at Inventory Optimization as a mathematical programming problem. You remember linear programming from a Quantitative Methods or Operations Class don’t you? No, we are not going to get deeply into mathematics here. In mathematical programming, there is an [...]

Tending the Organizational Garden

How often have we seen management initiate change with great enthusiasm and expectation and then passively manage the process to a failed outcome? A leader’s capability to manage change is often the determining factor behind a successful process implementation. Without [...]

Quarter End

It is September 30, 2009.  It is the end of the Quarter.  Funny things happen to the Supply Chain at the end of the Quarter. In all industries, companies are trying post sales and make budget numbers.   For publically traded [...]

Be a Great Supply Chain Leader: Simplify

Earlier this year, I saw a quote in The Reader’s Digest attributed to Colin Powell. Great leaders are almost always great simplifiers. This quote resonated with me because I believe in the power of simplification in Supply Chain Management and [...]

Demand Planning & Inventory Management: It is everywhere … I can’t escape it!

I was having lunch at a Bagel shop in downtown Lake Forest, IL yesterday.  I was enjoying my sandwich and looking at the glass display case full of bagels, cookies, and such.  The bountiful display did get my attention and [...]

Is Your Company a SLOB – Part 2

In our posting "Is Your Company a SLOB - Part 1," we reviewed the subject of excess and obsolete (E&O) inventory, its causes and challenges. In this posting we review what can be done to address theproblem. The good news, [...]

Is Your Company a SLOB – Part 1

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 products and materials that are still being sold i.e. still [...]

Can you beat the House?

Go to a Casino, any Casino.  They are glitzy, shiny, edifices.  They are exciting places to be.  Judging by  the rates at which newer and bigger ones are being built, they are probably a lucrative business.  Hmmm, probably a lucrative [...]

Software is Only Part of the Answer

Many companies of every size will look at software to improve their operations and rightly they should. Having the right information in the right place at the right time in the right form can certainly help accelerate our ability to [...]

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 or forecast. It is time phased and can manage large [...]

Inventory – A Historical Perspective

In the earliest points in human history, as our earliest people became hunter-gatherers, there had to be some inventory management. Hunters developed crude wood and flint weapons to make their hunts easier. The first rudimentary inventory management followed pretty quickly. [...]

Supply Planning: Processes, Options & Analytics, Oh My

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 [...]
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