When it comes to running a small business, “success” can feel like a moving target. For many, profitability is their measure of success. But here’s the thing: businesses take an average of two to three years to become profitable. That’s a long time to wait to learn if your initial hard work paid off! Looking… Continue reading
What is the difference between S&OP Vs IBP? Let me try to answer theis questions. No one could deny that the existing difference between S&OP (Sales and Operations Planning) and IBP (Integrated Business Planning) has always been the subject of great and interesting debates within the economic context. Opinions have split into two castes: While… Continue reading
As we approach the close of 2020, what remains certain is: The Supply Chain industry has witnessed a lot of changes this year. The impact of COVID-19 on Supply Chian was unprecedented and the changes, as a result, aren’t all shocking. Early in March, the implementation of the stay-at-home orders worldwide saw an unprecedented report… Continue reading
AI for Supply Chain has been talked about amongst the supply chain community for almost a decade and has been promoted heavily as a key Supply Chain Future Trend and also included in 24 Supply Chain Technologies which Are Shaping Present and Future of Supply Chain. But do we really know how it can benefit… Continue reading
Warehouses play a vital part in the distribution process employed by most distributors, exporters, importers, manufacturers, and more. With several influential pieces of equipment needed to increase efficiency and productivity, similar records reports of increased risks and workplace hazards. For example, Logiwa reports 25% of all workplace injury claims are due to slips and falls…. Continue reading
When I wrote the article 18 Targeted Inventory Reduction Strategies for Supply Chain Professionals, I got some criticism from some of my readers that I am misleading the supply chain community and there are equally valid and reasonable reasons where we should actually increase inventory! Fair point? The benefits of inventory management is undisputed, and… Continue reading
The impact of lead time on inventory is well known, but in the real world the relationship can be much harder to define when multiple product types, management systems and sites are involved. A lack of central planning compounds the problem by impairing the end-to-end view of inventory positions. This study explains how Optimizing Inventory… Continue reading
What is Plan for Every Part (PFEP)? PFEP – an acronym is originating from the Lean Community. The PFEP is used to define a plan (at part level) for the most efficient replenishment and movement of each and every part used in business through the complete Supply/Value Chain Material handling is always a big… Continue reading
Organizations usually face a challenge, determining what will be the contribution of the strategies to be implemented and how they will impact their results. In other words, What is the Total Cost of Ownership (TCO)? Savings obtained by companies that apply strategic supply are between 5% and 20% of total spending. And this is… Continue reading
If you are a procurement professional you should have heard about 7 step strategic sourcing process, but if you are not a hardcore procurement pro it is likely you might don’t know what it is about. This blog explains 7 step strategic sourcing process with no non-experts. There is a difference between Strategic Sourcing… Continue reading
Excess and Obsolete Inventory Policy Guide
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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