The importance of demand forecasting has been the topic of discussion in economics and valuable books have been written on it over the years. However, within the supply chain context there are three types of forecasting, which are: Demand Forecasting: This is the investigation of the companies demand an item or SKU, to include current…
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Logistics activity is literally thousands of year’s old, dating back to the earliest form so organized trade. As an area of study however, it first began to gain attention in the year 1900s in the distribution farm products1. Considering logistics is a broad, far-reaching function which has major impact on a society’s standard of living,…
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A good well-rounded Supply Chain Manager is always in high demand, but they are in scarce supply in my opinion! You just need to look around how many jobs are available with title of “Supply Chain Manager”. I have worked as a Supply Chain Manager for 5 years in two entirely different businesses and in…
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In order for firms to compete effectively and survive in the global market, they must maintain and build relationships with a capable and competent network of suppliers and extract maximum value through such relationships. To create and maintain such a network and to improve capabilities that are necessary for the buying organization to meet its…
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The main benefits of ERP systems are seen as the production of real-time data shared across integration and automation of business processes. This is particularly important in this new business environment where automation, effectiveness and efficiency in operations and real-time data are important factors for business success. Despite all these known benefits of ERP more…
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In my 10 years of supply planning experience I have observed that despite being aware of usual holidays seasons we encounter throughout year, we still find ourselves short of supply during the crucial holiday period which damages customer service drastically, adds significant amount to premium freight, contributing to customer frustration, affecting the overall brand image…
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Did you ever think about how a supply chain risk can be identified? What are the dimensions of these sources, and how can they be managed? Before we look into 7 supply chain risk sources and their possible mitigating strategies, we need to briefly discuss 4 key issues around supply chain risk. 1) The…
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“Which is the best Supply Chain Management Book for beginners like me to learn operations and supply chain?” someone ask me on Quora. And I thought I could write a blog on this and can mention 7 of them, rather than 1! Although Supply Chain Management can be encapsulated in a definition presented in my…
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A JIT System (Just- in-time System) is an inventory management philosophy aimed at reducing waste and redundant inventory by delivering products, components, or materials just when an organization needs them. When I wrote a blog on JIT Purchasing there has been quite a lot comments and interest from the supply chain community on how it…
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Lean vs. Agile Supply Chain – Can You Have One Without the Other? [Infographic] Can you run an efficient manufacturing and supply chain organisation without any lean or continuous improvement tools? Can you grow your company and be more responsive without using any agile supply chain efforts? It may come as a serious disappointment to…
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is a Manufacturing Operations, Procurement and Supply Chain leader from international multi-site manufacturing experience in Electrical, Hydraulics and Internet industries
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