Both demand and supply planning and materials requirement planning (MRP) have been around for a long time. It’s hard to imagine a modern manufacturing company without either one. With a robust MRP system, manufacturers can better control inventory, plan production…
The implications of reshoring and supply chain planning have been high on many people’s lists for a while. So, when the container ship Ever Given became stuck in the Suez Canal in March of 2021, it was more than just…
In recent years, if global supply chains had been hit by only a single large disruption, it is doubtful supply chain professionals would have taken the time to reevaluate operational models. But with a string of disruptions, including trade wars,…
By utilizing supply chain software, companies can impact their value streams to unlock greater value from bottom to top. Value streams are the actions undertaken within a manufacturing or service company that drives customers to realize the worth of the…
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…
Executive Summary: Manufacturers utilizing MRP to plan material requirements should ensure data integrity and accuracy including forecasting data, lead times, and inventory. They should also choose software that aligns with their needs, comprehend how it treats blanket orders and safety…
Every company would love to have explosive growth that helps ensure the health and long life of the enterprise. And they would all like to master accurate growth forecasts. But the reality is that most businesses have stable and predictable…
Even before COVID-19 brought unprecedented disruption to supply chains, business leaders were expecting a recession. In 2019, Bloomberg estimated a 26% chance of a recession for 2020. Now that this is likely for the remaining balance of the year and…
Agility is defined as ‘the ability to move quickly and easily’. And over the last few years, agile methodology has been applied to everything from project management to software development. But agility can also apply to supply chains as well.…
Simply put, ‘capacity planning’ is the process businesses use to make decisions on how much capacity is needed to meet demand. Along the way, companies aggregate historical data, produce forecasts, and interpret market and sales data to make determinations that…