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 that is often confused with reporting and big data analysis. Tightening this link in your supply chain is a good way to solidify the base of your supply chain decision tree. Supply chain management is consumed with trying to forecast the future. With the advancement of […]
‘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 […]
A Bullwhip Effect Creates Waves of Inventory Issues Demand forecasting can eliminate a lot of your “wave riding” activities in supply chain planning. Your company invests significant resources, time and money, in planning and executing inventory replenishment and promotional events. You often experience service problems when your suppliers don’t have inventory in place to support […]
Inventory Optimization: Balance is Key for a Success How can you ensure the highest levels of success? Merchandisers and Buyers are executing promotions, product assortment changes, and new product roll-out events throughout the year. Those events affect the flow of product into your DCs and stores. They can also affect vendor fill rates and lead […]
How Visible are the Links in your Supply Chain? To keep up with their customers in today’s marketplace, retailers need supply chain visibility to look closer at their entire supply chains’ performance in order to be successful. To have happy customers in today’s marketplace requires retailers to be much more responsive to their customer’s demands. […]