For many, automating the forecasting process is the first step to improve service levels and profitability. Recently I had the pleasure to sit down with Chris Reed, director of inventory and data management for wholesale distributor Ferguson Enterprises on how they are building an agile supply chain.
We are wrapping up a survey to help answer the question, “how many SKUs should a planner plan?” Take just a few minutes today and we will post the results here on our blog in the coming weeks.
With the 2015 Holiday Season in our rear-view mirror, you’ve probably asked yourself: How did our current processes hold up? Could there have been improvements? What about the systems we have in place?
A question I often hear from supply chain practitioners engaged in running and improving their company’s sales and operations planning process is, “When should we implement a system dedicated to facilitating our S&OP process?”. As with many complex supply chain processes the answer is not black and white and depends on a number of factors.
I became very familiar with risk management early in my professional career. I was working as a flight test engineer on experimental military aircraft, a world where the boundary between safety and expanding capabilities was often crossed. The aerospace industry was an early adopter of Failure Mode and Effects Analysis (FMEA) which, as the name implies, involves reviewing as many components, assemblies, and subsystems as possible to identify failure modes and their causes and effects. FMEA provided visibility into the most likely modes of failure and their level of criticality. Part of the process was to develop contingency plans, and I can tell you from personal experience that the FMEA contingency plans I helped develop saved lives on at least one occasion when the envelope was pushed just a bit too far on an experimental aircraft. That aircraft entered a deep stall at 30,000 feet and recovered at 1,500 feet above ground. During that harrowing episode the flight test team relied on training and contingency plans to help save the lives of the flight crew.
Continue Reading: Supply Chain Risk Management and Rocket Science
As a classical and jazz musician I understand the need for both structured and artistic abilities when performing. In its basic form music is a mathematical language. What sets a professional musician apart from an amateur often is the ability to express oneself artistically through the instrument and make that special connection with an audience.