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. VUCA (volatility, uncertainty, complexity, ambiguity) is top of mind for every client. For example, clients ask the following questions: What will happen next? [...]
The most common inventory accuracy pitfalls stem from minor problems but will snowball into bigger headaches if the root causes aren’t caught and resolved. Why do so many companies run into issues with inventory accuracy? After working on hundreds of projects with companies spanning many industries such as aerospace, [...]
May 12, 2016 I presented on "Inventory Accuracy Remains Core to Success" at ASQ (American Society of Quality) Palomar tonight, and we had great questions and discussions on why inventory is important for success. In essence, it boils down to 3 C's - cost, cash and customer service. What [...]
Inventory management may be a less exciting supply chain topic but it is the linchpin in a manufacturing or distribution business.No matter how many engaging conversations I have with clients, contacts and trade groups about emerging supply chain trends, the less exciting topic of inventory management often-times can deliver [...]
Inventory accuracy depends on so many moving parts. But a top-to-bottom understanding of the process combined with speedy adjustment responses would dramatically improve accuracy, thus, boosting business results.How many times have we heard this? Or, perhaps your inventory resource will keep looking until he/she finds it; however, it took [...]
