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…
Many companies cite “inventory optimization” as a goal. And with the digital tools available today, companies can manage their inventories better than ever with cutting edge inventory planning software such as that provided by DemandCaster. These platforms empower companies to…
The manufacturing industry relies on its legacy systems and equipment to get work done. This has been the way for decades. A report on the state of the manufacturing industry states that only 26% of manufacturing plants believe implementing new…
For companies with outdated or manual inventory management systems, lack of certainty about the accuracy of inventory levels can make managers and decision-makers apprehensive during busy times. If calculations and inventory management practices are off, companies may find themselves with…
Aligning demand with supply is a critical function for any company. And it’s one with a lot of moving parts. The right demand plan must have a balance of inputs from all areas of the company to create forecasts that…