Today, Lean is a concept, a philosophy, a practice, and a set of tools all wrapped in one. For more than 50 years, organizations have invested time and money adopting the principles of Lean (while originated at Toyota Corporation for manufacturing operations, the principles of Lean have since spread to many types of businesses and functional areas). The focus of Lean is to …
2016
Machine Learning in Supply Chain Planning
Are we ready? And if so what's involved? The evolution to using artificial intelligence and machines that learn in supply chain planning is inevitable. In fact, there are early examples of the potential of AI to improve both supply chain planner efficiencies and provide better or optimized supply chain decisions. The question is, are we, as a profession, ready to embrace …
S&OP, SIOP, IBP, MIOE “A Supply Chain Rose by Any Other Name”
Hundreds of companies struggling to improve their supply chain performance have adopted an effective business decision-making process to balance and align demand and supply. According to Aberdeen Research Group, this process can result in a 14% increase in operating margin, a 4% increase in gross margin dollars, a 55% reduction in inventory write-offs, a 17% increase in new …
