All Posts in the Category "Procurement"...
Measuring Inventory
February 2012.
Advice and Assistance for Manufacturers.
Dave’s Fabrication Company (DFC) has $2 million in inventory on-hand. Is that a good thing or a bad thing? It could be vital to the business or it could be a tremendous drain on resources. It could be exceptionally good, given the size of the business and typical position in my industry (competitor inventory levels) or it could be a disaster.
Adaptable Inventory
The goal of most manufacturers is to reduce inventory, but not at the risk of increased shortages. The key is to have the right amount of the right inventory at the right time and place.
Master the art of forecasting
At year’s end, we are often caught up in thinking and planning for the current year. Did 2011 turn out the way you expected? Will 2012 be dramatically different? Are there other factors — things we are planning to do; things we think our competitors might do; outside forces such as changing tastes, demographics or economics — that might change the course of business in the coming year?
Orlicky’s Material Requirements Planning 3/E
Building on the pioneering work of Joseph Orlicky, this new edition of the classic text on material requirements planning (MRP) reveals the next evolutionary step for materials and supply chain synchronization in the modern manufacturing landscape.
How Do You S&OP?
Advice and Assistance for Manufacturers
November 2010
A recent AMR/Gartner email newsletter referenced a field study that revealed this interesting tidbit: “51% of companies said the only technology they use for S&OP is Microsoft Office plus Access databases”. That’s not necessarily a bad thing.
Geopolitical Uncertainty Makes U.S. Sources More Attractive
When a company needs parts and materials, a purchasing or sourcing function will find an appropriate source, negotiate cost and terms, and administer the transactions to complete the procurement. In recent years, a lot of that purchasing activity has gone
