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 [...]
Databases are powerful for countless business decisions and programs. If data is being tracked, gain access to it and think about how you could analyze the data. If it isn't being tracked, start by tracking a few key metrics.
Must you compromise quality for speed? Reducing lead time will increase customer satisfaction and avoid the Amazon Effect.
Businesses with growth ambitions have to gauge the current capacity of every facet of their facility to plan future productivity
Take stock of where you are and what levels of growth you expect. Undoubtedly, preparation action items will pop to mind.
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 [...]
No matter what your company objectives, you must understand your customer.
SIOP is not something that you'd implement in a week; however, the basis of SIOP is culture change.
By implementing a SIOP process you’ll be in a better position to leverage your resources for a speedier inventory velocity. Inventory velocity not only accelerates cash flow but it also can contribute to margin improvement. How do we turn inventory faster and keep our money in motion vs. stagnating in the back of our warehouse?
I find that the vast majority of my clients get hung up in finding the "perfect solution", in analyzing "one more" set of data and the like.
