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
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? Get Excess and Obsolete Inventory Policy The benefits… 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 Get Excess and Obsolete Inventory Policy Material… Continue reading
In this day and age, you have instant access to the right tools and information on supply chain and logistics management. How to find the best supply chain resources amongst tons of material available which could not just increase your theoretical supply chain competencies, but also give you practical guides and tools to help you… Continue reading
Coronavirus Impact on Supply Chain is still very much unknown. The unfortunate outbreak of the Coronavirus (COVID-19) in Wuhan, a critical industrial and transportation serving several global markets, has led to several restrictions and limitations for several businesses. In the business world, the response to the outbreak would see a massive impact on the current global… Continue reading
My vlog on 5 Levels of Supply Chain Planning has surprisingly done well and in last 12 months have circa 10k views. In this vlog I have talked about where Sales and Operations Planning (S&OP) fits in different levels of Supply Chain Planning hierarchy. In response, I have received few requests to recommend Best Sales… 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
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
Latest comments from readers