Demand Planning and Forecasting, Healthcare, Posts, Supply Chain
Moving Stuff Back Up The Supply Chain
There has been a lot of focus on optimizing the supply chain for order fulfillment. The on-going efforts to perfect the ‘order to cash’ process have yielded great rewards. But what about returns? Automation has reduced the number of returns due to errors however the world must move from a linear to a more circular economy and this will impact the entire supply chain.
Analytics, Business Intelligence, Posts, Supply Chain
Evil A/R Threatens Cash Flow – Time to Fight Back
Given that accounts receivable (A/R) are essentially zero interest loans extended to customers, one might be forgiven for considering credit sales a necessary evil. Maybe one day crypto-currencies like Bitcoin will replace all other forms of payment, but in the meantime many companies have a ton of cash tied up in receivables. So how evil is your A/R?
Posts, Supply Chain
Coffee Stockout & Other Supply Tragedies
Holding inventory is a way of life. Everybody carries inventory of some kind. In my home, the central supply location is the kitchen. In supply chain speak, my kitchen is a multi-bin facility designed to optimize labour and storage. I also have a separate supply location for specialty items which require refrigeration. This would be the products that fall into the dairy and meat category. Some items are critical. Running out of sugar is one thing but a coffee shortage will definitely disrupt operations.
Demand Planning and Forecasting, Posts, Supply Chain
Role of the Distributor in a Demand-driven Supply Chain
There is a famous anecdote about Volvo car dealers heavily discounting green models because consumers preferred other colors. Volvo’s manufacturing plant, seeing the resulting spike in demand for green models, perceived it as consumer interest and upped the production. That’s right…even more green cars! Ouch!!
Posts, Supply Chain
Suppliers and Other Business Buddies
Good relationships are good for business. Building a relationship with a vendor takes time. It’s not uncommon for a buyer to work with the same rep for many years. They become friends, share stories and have a routine. That’s all good, right? Turns out the answer may be “not so much”.
Demand Planning and Forecasting, Posts, Supply Chain, Warehouse Management
Warehouse Inventory Management: Getting The Right Product To The Right Person
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 and warehouse inventory management 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.