Production Scheduling for Make-to-Stock Operations

On 02/26/2021

The right inventory planning approach is critical for effective and efficient production Some make-to-stock manufacturers suffer from low factory efficiency and poor on-time order fulfillment despite having significant levels of finished goods inventory. These challenges are often accompanied by constantly changing shop floor priorities, increasing lead times, backorders, and overtime labor. The situation can […]

Demand Forecasting: How Not to Do It

On 12/30/2019

Many manufacturers and distributors encounter common pitfalls when formulating their demand forecasts and operational planning The old adage is that forecasts are always wrong. Since no one can see into the future, this is certainly true. However, we can observe how our forecasts are wrong over time and optimize them accordingly in a way […]

Do Your Underperforming Suppliers Need an Intervention?

On 11/29/2019

There are practical steps you can take to improve critical suppliers' delivery performance Let me be blunt: Sometimes it takes two to tango when it comes to maintaining the health and performance of your supply chain. This is particularly true for larger companies that have smaller suppliers who can be dramatically affected by the […]

Inventory Optimization: Have Your Cake and Eat it Too

On 11/19/2019

Reduce Inventory while simultaneously reducing shortages? Yes. For manufacturers, distributors, and retailers, the goal for inventory is to not have too much or too little. As with every goal, you need a plan … and preferably, a good one. Unfortunately, inventory planning is an area where there are common misconceptions as to how to appropriately decide […]

Poor Inventory Accuracy and How to Effectively Correct it

On 01/04/2019

Poor inventory accuracy can wreak havoc on operations and financial accounting. Organizations often make up for inaccurate inventory by purchasing or manufacturing more stock than is necessary. The implications of ineffective inventory management practices can include low customer order fill rates, backorders, long lead times, work stoppages, underutilized labor, frequent wall-to-wall physical inventory counting, inaccurate […]

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Production Scheduling for Make-to-Stock Operations

Demand Forecasting: How Not to Do It

Do Your Underperforming Suppliers Need an Intervention?

Inventory Optimization: Have Your Cake and Eat it Too

Poor Inventory Accuracy and How to Effectively Correct it