Manufacturing and distributing product to meet customer demand can be like a puzzle unless you start using SIOP as a core process to run your business. SIOP (sales, inventory, & operations planning) taken to the best practice degree is often associated with integrated business planning. In some circles, they [...]
Since executives count on projects to deliver the vast majority of improvements to company performance (such as growing the business, increasing margins, and accelerating cash flow), keeping the project on track is essential.
Though reducing inventory is generally advisable special situations arise when stocking inventory makes good business sense.
Inventory accuracy depends on so many moving parts. But a top-to-bottom understanding of the process combined with speedy adjustment responses would dramatically improve accuracy, thus, boosting business results.
Businesses with growth ambitions have to gauge the current capacity of every facet of their facility to plan future productivity
According to a recent KPMG survey on the Global Manufacturing Outlook, executives are thinking about innovation. 81% are altering their business models to to encourage collaboration with customers, suppliers and other partners to "improve the value of their innovation investments". Speed is critical. Thus, a key question is how [...]
Actionable data is only as valuable as the care and attention that goes into data entry.
Before the summer months distract you, review your priorities. Make sure you’re focusing on matters that get you closer to reaching your goals.
It’s easy to feel lost when you have no direction from customers about their own sales projections. Get a clearer picture through demand planning.
Bold ideas in employment may be counterintuitive but you have to be willing to fail to win big.
