The best companies focus on production scheduling. Even though Production Schedulers aren't typically highly paid positions, the function will make or break your ability to serve customers, improve operational performance and accelerate cash flow. Thus, it should be a key priority if you want to achieve profitable growth.
If you want to serve your key customers successfully (with high on-time-in-full (OTIF), short lead times, and proactive service) so that you can take advantage of the opportunities coming down the pike while addressing the hard realities of the current business environment (potential recessions, high interest rates, and less access to capital), you MUST balance sales, operations and inventory.
Silicon Valley Bank's Failure kicked off panic in the financial markets and banking system. They had too much money tied up in long term bonds paying at low interest rates, and they didn't have the liquidity to keep up with the depositors requests to take money out of the [...]
Table of Contents Volatility is the New Norm How Does Inventory Relate to Volatility? Go Back to Fundamentals Best Practice Processes Final Thought Volatility is the New Norm If there is one thing that is certain in today's world, it is that volatility and change are the new normal. [...]
The "Solution" to Successfully Dealing with Shortages, Delays & Inflation Table of Contents Supply Chains: There is No "Return to Normal" Inflation Is Real How Can SIOP / S&OP Help? How Does This Relate to Resolving Shortages & Delays? How Does This Relate to Dealing with Inflation? How Does [...]
At its simplest, labor scheduling is determining which people (and which skills) you should have at which sites at which work centers at what time (shift) to ensure the right products can be delivered to the right customer at the right time.
Table of Contents Inflation, Recession, Both? What Does It Mean for Inventory? What is Right-Size Inventory? Process to Right-Size Inventory Pertinent Examples Inflation, Recession, Both? We are in unique times with inflationary pressures continuing while recessionary trends are emerging as well. In either instance, it is vital to right-size [...]
Logistics costs have been staggering. According to the 33rd Annual State of Logistics report produced by the Council of Supply Chain Management Professionals by the global consulting firm Kearney and presented by Penske Logistics, U.S. business logistics costs rose by 22.4% last year.
Manufacturing has struggled to produce what customers want on-time without spending a fortune and tying up excess cash unnecessarily in the wrong, "just-in-case" inventory. It is a tough environment spiraling out of control with supply chain chaos.
As executives continue to navigate these volatile economic conditions, the focus on inventory management increases. It is especially tough to determine what to do if you don't know if sales opportunities will dramatically increase as the competition falters and consumers drive demand or if sales will tank as recession fears increase and business optimism falters.
