It’s all about Lead Time

Lead time is arguably the most important factor in manufacturing and distribution. To a great extent, it determines how you set up your business, what inventory you carry and where/why, what you can offer to your customers, and how agile and responsive you can be to changing conditions and changing demand.

Demand Driven MRP

In today’s volatile, globally competitive environment, new decision-making tools are required to monitor, measure, and improve total organizational performance. Demand Driven Material Requirements Planning is a pull methodology to plan inventories and materials.

Sales forecasting time is here again

Companies that don’t do a detailed forecast are greatly limiting their ability to marshal their resources to meet customer demand effectively. They will likely be caught with too little or too much inventory at some point, the need for expediting or overtime, and some disappointed customers and lost sales.

What’s in your holiday stocking?

Business and profits can increase in the coming year, new products can soar to unexpected heights, inventories can shrink (in a good way) and productivity can reach an all-time high. Now here’s the bad news: none of these things will be delivered into the stocking hung on the fireplace mantel by some jolly fat man in a soot-stained red suit.

Why have inventory?

Inventory is a fact of business life for every manufacturer, distributor, retailer or any other business that deals with a physical product. Acquiring, handling and managing inventory is a significant expense. Most businesses are constantly looking for ways to reduce inventory.

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