It’s no surprise to those in supply chain management that supply chain issues are just part of the job. What’s extraordinary in these turbulent times, though, are the number of disruptions and their depth. Add to that the inability to…
In the last two years, unprecedented disruptions in global supply chains have resulted in chaos. Whether from COVID-19, backlogs at ports, or trade wars, demand planning and supply chain professionals have had to reevaluate their models and factor in new…
Demand planning KPIs are a lot like the information shown on your car’s dashboard or your GPS. Speed, miles per hour over the speed limit, range to empty, average miles per gallon, and more are often displayed to help you…
Forecasting in a complex supply chain has always been challenging. And for many years, demand and supply planners worked to create strategies for optimizing those supply chains to capture the highest value for what was becoming a more operationally stabilized…
As disruptions continue to impact companies worldwide, business innovation has taken on a new urgency, placing supply chain planning at the forefront of the response. From trade wars to Covid-19, then a freighter stuck in the Suez Canal, businesses are…
Today’s global commerce is driven by massive supply chains. This makes the process of planning a challenge. One estimate puts supply chain-related jobs at 37% of total employment in the US alone. Yet, many companies continue to look at supply…
To say that 2020 saw significant disruption in supply chains and supply chain planning would be an understatement. Not since World War II have both national and global economies encountered the level of stress, pressure, and magnitude in global upheavals…
Forecasting Vs Demand Planning Companies use a variety of tools to predict where their business currently is and where it is headed. By “reading the tea leaves”, planners attempt to ensure correct stock levels, optimize inventory control and inventory value,…
No matter the size of the company, decisions made by managers, leaders, and other key decision-makers define the success of any enterprise. And few areas are as important as decisions made concerning a company’s supply chain. Yet the numbers indicate…
With disruption such as COVID-19 rapidly shifting consumer tastes, market volatility, and human error, the threat of both overstock and stockouts is always present. On the one hand, companies strive to have enough stock available to manage their order position…