There is a natural progression to reap the full benefits of a supply chain that is demand-driven, and it starts with optimizing the performance of your people, processes and SAP. Is everyone working from one system of record and viewing the same set of information to make decisions? Or, are spreadsheets being utilized in many…
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Many organizations underestimate the significant value of analyzing their inventory stocking strategy on overall supply chain operations. It is difficult to zero in on a stocking strategy because much of the attention is drawn to the critical items that are in immediate demand and inevitably not available on the shelf thus impacting critical production or…
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If you can’t measure it, you cannot improve it An old adage, right? Who can argue with a quantitative approach to identifying and solving business problems? After all, numbers don’t lie, but they also don’t tell the whole truth about business performance. Before you stop reading this blog because it appears that I am anti-metric,…
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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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