Often in supply chain, we talk about breaking down the silos and working across functional areas. However, there is one place where we want to still respect the division of responsibilities and that is the data between master data and transactional data. Master data should be heavily governed and does not typically change that often….
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“Don’t put all of your eggs in one basket” – states the proverb of the Spanish or Italian origin. The meaning, to rely too much on a single resource or effort and to risk everything on a single venture. This idiom seems quite apropos as it relates to how we might think about mitigating risk…
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Sourcing Strategies Ok, I’ll admit it…I like a good strategy board game- you know, the ones that come with the long rule books and take hours to play. I like modeling scenarios and playing them through, trying to beat the problem or the clock, learning from the outcomes and repeating it all again. When my…
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Understanding, and using the power of MRP has many benefits and can help your organizations supply chain greatly. Setting off on the path from imbalance and inefficiency to balanced integration requires recognizing that data and material requirements planning (MRP) are the glue that holds everything together. As Material Requirements Planning (MRP) runs, it touches everything…
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We all dread going to the doctor for that first wellness checkup of the year. Typically it comes at the start of a new year; after all the holiday goodies we’ve consumed, lack of exercise and sleep, not to mention year-end stress. Some of us put off that check-up for months or even years. The…
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Have you ever been told to do one thing and know you should do the exact opposite? Being a consultant, I travel incessantly – new airports, new cities, new addresses and different rental cars. Every week, I have to figure out how to connect my phone via bluetooth to a different car model (I need…
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Whether your organization is facing rapid growth or another round of belt-tightening, the need for supply chain optimization remains a business imperative. Maybe there already is an initiative planned or started within the company, or it is possible that you have run out of steam or are not achieving expected results. The reality is that…
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Recently, I overheard my daughter’s soccer coach instructing the team on when to use certain tactical skills to move the ball upfield. He used two different scenarios to make his point. The first scenario entailed having the ball on the run in the open field and going up against one defender. The second scenario was…
Read MoreA recent white paper, “Seven Methods That Improve Forecast Accuracy,” suggests that a range of forecasting methods helps companies achieve better results. It cites Gartner, arguing, “companies that excel at demand forecasting average 15% less inventory, 17% stronger perfect order fulfillment, 35% shorter cash-to-cash cycle times, and one-tenth as many stock-outs as their peers.” While forecast…
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Reveal engaged with the world leader in paint and coating supplies Reveal has been selected to engage with Rust-Oleum, a worldwide leader for home and industry paints and coating products, in a comprehensive supply chain optimization project that will drive greater value out of their existing SAP system and make better use of leading SAP®…
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