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…
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…
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,…
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…
When people hear the word “planning”, many of them immediately make the connection with “inventory”. Granted, inventory strategy is a critical part of a company’s overall health. But planning today encompasses much more than just inventory. It covers the entire…
For companies considering the purchase of supply chain planning software, one major decision to be made up-front is whether to purchase on-premises or cloud-based software. Traditionally, on-premises software applications were the norm. These systems offered automation, advanced features, and the…
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…
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…