Why Planning Is Impacted As Disruptions Abound
Disruptions have not stopped. China has been flying balloons over Taiwan. North Korea is threatening South Korea. Russia continues its war with Ukraine. Israel is at war with Hamas [...]
Why Is Inventory Accuracy Foundational to Success?
Inventory accuracy is foundational to success. Most clients aren't concerned about inventory, and they shouldn't be if they can count on what their system says.
Inventory Management: Go Back to the Basics for Success During Today’s Volatility GalleryInventory Management: Go Back to the Basics for Success During Today’s Volatility
Distribution & Warehousing, Inventory Management, Manufacturing, Production & Inventory Management, Supply Chain Planning, Supply Chain Trade & Logistics
Inventory Management: Go Back to the Basics for Success During Today’s Volatility
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? [...]
Who Cares About Process Disciplines?
Increased margins and company growth are easier to reach when process disciplines are emphasized within an organization Who cares about process disciplines? All executives say they care but few are willing to focus the efforts on instilling process disciplines. It seems like a less important topic than creating a [...]
Inventory Accuracy Pitfalls
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.
Is Inventory Management Dead?
You can’t expect manufacturing or distribution success without securing base fundamentals such as inventory management. I received a note recently from one of my newsletter subscribers asking if inventory management is dead. He stated that he didn’t think there was a single session on inventory management at APICS 2015 [...]
Why Care About Systems Transactions?
Systems transactions are often treated as an afterthought but are critical to building a stable foundation for your business. As mundane as system transactions seem, I continually find that whether or not they are deemed a priority can make the difference between a successful operation or not. The bottom [...]
I Can’t Find What I Need in My Warehouse!
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 [...]
The Significant Value of Processes
Following business processes that are known to work is the cornerstone of a successful supply chain business.
Cycle Counting
The key to effective cycle counting is to not get bogged down in resolving every dollar, but rather focus on the significant discrepancies. The main goal of cycle counting is to cycle through your inventory to ensure inventory accuracy on a consistent basis. (In contrast, a physical inventory is [...]