Tag: Material Planning
What is Plan for Every Part (PFEP)- 4 Levels of Benefits
What is Plan for Every Part (PFEP)? PFEP – an acronym is originating from the Lean Community. The PFEP is used to define a plan
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Dr. Muddassir Ahmed, Ph.D About the Author- Dr Muddassir Ahmed Dr MuddassirAhmed is the Founder & CEO of SCMDOJO. He is a global speaker, vlogger and supply chain industry expert with 17
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Demand Forecasting Method: 14 Proven Strategies
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
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What Is Inventory Management? (14 Key Benefits)
Inventory Management Definition Inventory management is the day-to-day control of stock—making sure the right items are accurate, available, and in the right location at the
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5 Reasons Why Machine Learning Forecasting Is Better Than Traditional Forecasting Techniques
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
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6 Reasons Why It Is Important to Understand Expected Customer Lead Time
Customer Lead Time is unquestionably a buzz word in today’s fast paced business environment, and everyone involved needs an in-depth understanding as to why it
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The ABC-XYZ Inventory Management Model – Align Planning Parameter with Business Goals
Why Consider Inventory Management Model? One of the leading problems in SCM is the optimization of inventory. Inventory is actually a consequence of other business parameters
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12 Powerful Inventory Reduction Tips to Free Up Cash
Inventory reduction is one of the key goals for most businesses. In this article I have outlined 12 tried and test tips which I have
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