We all know the importance of demand forecasting in the supply chain, but the question people mostly ask which of the many forecasting methods is best suited for us? In my experience, Made-to-stock business has to forecast because that’s how they decide what to build. If there is no forecast and you are buying from… Continue reading
If the businesses want the functions of their supply chain to be optimized or achieve supply chain optimization, it is not sufficient to simply select a correct strategy. They rather need to analyze their weaknesses and strengths, for improving the demand chains in terms of measuring their overall performances. Hence, the potential failures can be… Continue reading
Machine Learning Forecasting is attracting an essential role in several significant data initiatives today. Year ago, I have mentioned machine learning as top 7 future trends in supply chain. Big retailers, Supply chain, and logistics experts are using Machine Learning Forecasting to aid improve customer engagement and produce more precise demand forecasts better than traditional… Continue reading
There are so many different facets of Operations Management books recommended to every supply chain professional; it can be awe-inspiring when it comes to really selecting which reference Operations Management text books to read. Some of you have asked if can I recommend best operations management books , this led me to writing this blog…. Continue reading
Many businesses do some kind of forecast, due to its importance to benefits it provides. However, most business also complains about accuracy of their forecasting process and want to how they can improve forecasting accuracy? Supply Chain Management is a broad umbrella of complex functions which are aligned to meet one common goal – customer… Continue reading
Supply Chain modelling is used in industry since last three or four decades. Considering the broad spectrum of supply chain, no model can capture all aspects of supply chain processes. To compromise the dilemma between model complexity and reality, a model builder should define the scope of the supply chain model in such a way… Continue reading
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… Continue reading
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… Continue reading
This blog review of Enterprise Resource Planning or ERP Implementation procedures and critical success factors. Now the ERP use is generally common in big corporations and even SME’s are using various available ERP packages. But not every company gets the return from using the ERP system. I have been part of 3 different ERP systems… Continue reading
In early July I wrote a blog on “7 reasons why Six Sigma will fail in Small & Medium Enterprises (SMEs)” which has gathered some interest and couple of readers have asked me what are the success factors of Lean and Six Sigma deployment in SMEs, if there is any? I thought it is valid… 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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