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
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
Knowing useful Excel Tips & Tricks are important for supply chain professionals at all levels. I have come across some candidate who has a fantastic CV, but when asked to use simple Excel formulas like vlookup or pivot table, they struggle. I remember once candidate left halfway through the as he struggles to apply the… Continue reading
Many businesses do some kind of forecast, due to its importance to the benefits it provides. However, most business also complains about the accuracy of their forecasting process and want to how they can improve forecasting accuracy? Supply Chain Management is a broad umbrella of complex functions that are aligned to meet one common goal… 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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