Clients and colleagues are seeing record increases in sales revenues and pricing. There are several operational and supply chain priorities required to be ready to absorb additional sales. A critical priority includes SIOP (Sales Inventory Operations Planning).
Every production planner has the challenging job of managing a complex set of conflicting priorities - meeting customer requested ship dates and new product trials, supporting manufacturing and logistics performance objectives, and addressing finance's objectives as it relates to inventory levels and cash flow.
In 2015, we kicked off the LMA Advocate awards to recognize those people who have been instrumental to our growth and success. We started with 10 people to celebrate the 10 years since we started the business, and we now add one each year. Although I’ve learned plenty along the [...]
ore than 50% of client requests in the last several months have related to inventory. In fact, it seems to be a trending hot topic! In today's era of the Amazon Effect where customers expect more and have ZERO patience to wait yet we are in a volatile environment with tariffs and concerns about space, costs and more, more inventory is needed to grow the business yet businesses cannot afford it.
There is a LOT you can do this week to improve your integrated planning process.
I cannot tell you how many disagreements I've seen over the years on the optimal planning method.
Must you compromise quality for speed? Reducing lead time will increase customer satisfaction and avoid the Amazon Effect.
Developing and maintaining a working production plan is no easy feat, but the best planners make the job seem effortless.
A master schedule is an integral part of your production plan and communications to your team to centralize focus.
Have you heard of the PDCA model (Plan, Do, Check, Act)?
