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…
Do we really know how to get levels of safety stock balanced? Here’s a good analogy that might explain things. In the children’s story of ‘The Three Bears’, Goldilocks spends much of her time in the bears’ home looking for…
In business, the search for a “convergence” of devices and software allowing a single solution to address all problems has been an ongoing goal. However, the reality is that such equipment and software doesn’t exist. This is true of Enterprise…
During the best of times, managing cash flow can be challenging. But during long-term disruptions such as COVID-19, cash flow management can become an existential exercise. As companies look to assess the damage from the pandemic, in order to define…
Supply chain disruptions are nothing new. As 2020 continues to demonstrate, some disruptions can have a greater, catastrophic impact. But even small fluctuations can cause what is known as the “Bullwhip Effect”. This phenomenon occurs when demand signals are amplified…
In the past, companies relied on the shared knowledge of a handful of people within an organization – and sometimes just one person – to plan and manage supply chain requirements. Supply Chain Management (SCM) consisted of phone calls, desk…
Inventory management remains an important operational feature that determines the successes and failures of enterprises especially in the manufacturing and retail industries. For inventory management, the challenges for most enterprises are similar at a basic level. The mom and pop…