When supply chain professionals plan for future demand, their thoughts gravitate to meeting customer service levels while minimizing the amount of capital tied up in inventory. Demand planning is about having the right product in the right place at the right time … right? Four occurrences of the same word would cause my old English teacher to shudder at this excessive use of a word in a single sentence. However, let us return to the important business of meeting consumer demand without incurring the cost of excess inventory.
Tags: consumer demand, consumers, damaged, energy, expired, expired products, expiry date, IKEA, inventory management, lost, product journey, raw materials, safety stock, waste