Life Sciences Industry Inventory Optimization Health Check

Life Sciences Industry Inventory Optimization Health Check

August 17, 2017
Over the last 100 years the average lifespan has doubled from 35 years to more than 70 years mostly due to advances in medicine and medical devices. In fact, experts predict that babies being born in developed countries today could have an average life expectancy approaching 100 years. Not many will argue against the benefits of advanced healthcare, but many believe we can get there at a lower cost.
 
 

Time for a Supply Chain Metrics Cleaning

August 8, 2017
Temperatures on the rise; flowers and trees in bloom; and that time of year when we start to think of the annual ritual—spring cleaning. Wait, it’s not spring; but does that mean you have to wait another eight months to review your supply chain? Often, it becomes necessary to reevaluate how supply chain performance is measured to ensure healthy operations. Ask yourself, “Are your supply chain metrics bogging you down?”
 

Removing the Two Barriers to Optimizing Inventory

July 11, 2017
Supply chain leaders often find themselves in a difficult situation when it comes to the conflicting goals of improving customer service and minimizing inventory. The omni-channel world we live in has driven customer service to new heights. Companies that don’t prioritize providing what the customer wants when they want it will soon find themselves losing market-share.
 

Seven Strategic Components for a Proactive Process Chemical Supply Chain

June 29, 2017
Process chemical manufacturers face complex supply chain challenges including dealing with hazardous and perishable ingredients whose characteristics (potency, color, composition, etc.) can vary from lot to lot. Adjusting formulas based on available ingredients and ensuring finished products meet the exacting tolerances of customers and regulating agencies requires flexibility and superior planning capabilities.
 

Supply Chain Planning Fireworks

June 27, 2017
Holidays are complex. Take for example the upcoming Fourth of July holiday in the US. As a child, this holiday always represented the best of the summer break and often included fun activities like camping, fishing, spending time in a park, parades, and wonderful firework displays. Of course there was always the abundance of kid friendly foods like hot dogs, hamburgers, bratwurst, watermelon (and the ensuing watermelon seed spitting distance contest), chips of all kinds, and lots of sugary drinks. As an adult, watching your child experience the 4th just makes the holiday even more enjoyable.
 
 

The Talent Gap

June 20, 2017
At recent supply chain user conferences, a major concern for many companies was the talent gap in supply chain. This is an urgent issue for corporations to address, since the gap stymies growth, dampens innovative ideas and programs, and limits problem solving on a day-to-day level.
 
 

The Two Levers of Inventory Optimization

June 8, 2017
When I hear the term “Lever” my mechanical engineering side comes out and I think of the Physics and Mechanical Design courses I took some 30+ years ago. Although I didn’t appreciate it at the time, my engineering education laid a strong foundation that has helped me be as successful as possible in whatever I did.
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