Global Supply Chain Challenges 2023 – Preparing For The Storm
There are major headwinds facing global supply chains heading into 2023. Are you ready and prepared for the storm?Here is a summary of the major threats that we need to … Read More
Category: Inventory Optimization
Managing Sales Order Deadlocks
If your company is concurrently experiencing growing backorders and ballooning inventory, you may be impacted by Sales Order Deadlocks. Sales Order Deadlocks occur when you have multiple orders with a … Read More
The Science of Optimal Inventory
A key consideration to inventory optimization is to have a strategic view of how to allocate your inventory dollars among different types of inventory. You can do a bottom-up analysis … Read More
Inventory Counting With Drones at Walmart
Inventory Management has been a pain point for many companies – retailers, manufacturers and service companies alike. Companies have been fighting high inventories with various initiatives – from simple … Read More
What Can Be So Difficult About Measuring Service Levels?
Line Fill Rate is an effective measure of supply chain performance. Fill Rate failure when properly diagnosed will give you much better information of what is hurting your supply chain so you can take corrective measures in time.
The Use of The NORMSINV Function In Safety Stock Calculations
There was a question on Linked in about the use of the NORMSINV function in Excel. Initially the poster mentioned the NORMSDIST function. But for safety stock purposes, you … Read More
Inventory Optimization vs. Days on hand
Why is it important to learn new techniques than banking on century old DOH measure? The Days of Supply is a thumb rule calculation used to manage inventory during the … Read More