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Exciting Announcement

Rockwell Automation has acquired Plex Systems
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MRP & Inventory Management

Most companies use Material Requirement Planning (MRP) software, or an MRP module of an ERP, to plan and manage the purchase, production, and transfer orders of finished goods and components based on a demand plan or forecast. It is time-phased…

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E&O Inventory Management

Inventory is an ongoing challenge for companies — especially inventory that's considered outdated and over-stocked. The issue is caused by a series of unfortunate events, including lack of communication, not applying the true cost of inventory, poor end-of-life planning, lack…

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What CFOs Don’t Know About the Cost of Inventory

Whether based in retail, distribution or manufacturing, supply chain processes are the backbone of the company. If you can’t provision orders, your bottom line will suffer. Perhaps this seems like an obvious statement but many an organization has brought process…

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Critical Facts CFOs Need to Know Before Reducing Inventory

In an effort to free up cash, many financial managers are eager about reducing inventory. However, taking steps to reduce inventory without being fully aware of the context can lead to disastrous outcomes.   CFOs need to be aware of…

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Why You Need Dynamic Supply Chain Planning to Compete

A recent Reuters article headlined “U.S. department stores tap brakes on stocking for holiday season” points out that “Macy’s Inc, J.C Penney Co Inc, Kohl’s Corp, Nordstrom Inc, Dillard’s Inc and Hudson Bay Co’s Lord & Taylor are among the…

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The Value of an SKU?

Very recently we got a phone call from an old colleague who works for a home decor company. He was about to go into a meeting with the executive committee where he was going to propose an SKU management process.…

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Operational Definitions Part II

In part I of this two part blog we discussed Operational Definitions and how specific words, terms or concepts can have a distinct meaning in a specific organization or business and how people must be aware of this when communicating…

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Operational Definitions

Operational Definitions were a large part of what W. Edwards Deming used to advocate in his teachings. Chapter 9 of his book, Out of the Crisis is dedicated to this concept. “Operational Definitions, Conformance, Performance.” In the opinion of many people…

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