Inventory Replenishment Checklist Knowledge is power, as the old saying goes, and that’s certainly true about Inventory Replenishment. Let’s review this critical link in your supply chain and identify where you need to tighten down your processes. Inventory replenishment is ultimately about knowing what to order where, when and how many to meet the demand […]
Revolutionize Your Demand Driven Business Running an efficient business is vitally important in today’s business climate. With so many variables, though, that can be an extremely daunting task to accomplish, and many ‘solutions’ are ineffective or provide minimal impact, taking years to pay for themselves. Demand Driven is a concept people think they have mastered […]
Predicting the Unpredictable: Inventory Optimization Software Inventory Optimization contains nine syllables, two words, and one concept. It means having what you need when you need it. Too much inventory can cut your profit margin; too little can prevent you from meeting demand and tip your customers toward the competition. It sounds simple, but the inventory optimization math […]
Lead Time is a critical link in your supply chain that can create big mistakes like overstocks and out of stocks. The industry answer to these mistakes has been Lead Time tracking. In fact, Lead Time Tracking has become a cottage industry where companies offer to track lead time and make a supplier pay a […]
How close are your Inventory Replenishment processes to your end customers? Inventory Replenishment controls your largest dollar investment; is it the strongest link in your chain or is it time to tighten this link in your chain? Today’s smart phones have created smarter customers with higher service expectations for their retail stores. The information super […]
Inventory Optimization is a link in your chain that is often misunderstood and misquoted at inventory meetings and sales presentations in many businesses today. Inventory Optimization issues are always easy to find – Buyers, Sales People, and inventory managers of high-volume inventories often complain that there is too much overstocked inventory of slow selling products […]
Supply Chain Visualization is a supply chain link often confused with reporting and big data analysis. Tightening this link in your supply chain is an excellent way to solidify the base of your supply chain decision tree. Supply chain management often comes consumed with trying to forecast the future. With the advancement of technologies […]
‘Demand Driven’ is the link missing in many supply chains. Many software salespeople have muddied the term ‘Demand Driven’ with sales forecasting and demand planning to confuse the buyer. To ‘Tighten the Links in Your Chain™’, you need to determine your weak links, and of these, which will deliver the best ROI when replaced. Demand-Driven […]
Is Lead Time Forecasting Your Missing Link? Lead Time Forecasting is a critical link in your supply chain. For a service-based inventory replenishment system, it is also an indispensable piece to identify when it is time to place the order. Let us review why you should tighten this link in your supply chain. Lead Time […]
Review the Inventory Optimization Links in Your Chain Inventory Optimization is often misunderstood due to the ‘creative marketing’ of many software companies that points people in the wrong direction. A well-known supply chain guru wrote an article recently stating that inventory optimization is dead. The reality is that inventory optimization should be a collection of […]