Thanks to the cloud, there has never been a better time to be a manufacturer or distributor with a vision for rapid, profitable growth. Cloud technology puts powerful supply chain planning technology at your fingertips, with no major outlay for software licenses and extra hardware. And cloud technology removes the barriers to implementing sales and operations planning (S&OP) and integrated business…
Published Wednesday, December 07, 2016 by Marti Kirsch
Published Wednesday, November 30, 2016 by Marti Kirsch
As we noted in our last article, Gartner has found that the public cloud market is doubling every four years. And because IT spending is only increasing by 2.2 percent per year, we know that companies in all industries are actually diverting their IT budgets from traditional IT to the cloud.
Still, I can understand why manufacturers and distributors—typically conservative businesses—might…
Published Wednesday, November 16, 2016 by Marti Kirsch
The old barriers are gone. Suddenly, anything seems possible.
Even five years ago, starting a manufacturing or distribution business—or aggressively growing an existing one—meant making a major financial commitment to computing technology.
You couldn’t think in terms of, “How soon can we get this product line on the shelves?” Instead, you had to ask, “How long will it take to purchase…
Published Tuesday, October 18, 2016 by Fred Tolbert
We’ve reached part five of five. In my previous articles on reducing inventory, I’ve explained the importance of setting a goal, fine-tuning your safety stock strategy, reducing your high-side forecast bias, and reducing stocking locations.
The fifth thing you can do this week to reduce inventory is to spin the A’s.
I’m talking about those “A” items that are the bread and butter…
Published Friday, October 07, 2016 by Fred Tolbert
First of all, thank you for reading these articles. We’ve already covered a lot of ground on the topic of inventory reduction. I’ve explained the importance of setting a goal, fine-tuning your safety stock strategy, and reducing your high-side forecast bias.
For my next tip, we’ll shift our focus from the strategic to the physical.
What does it take for your company to stock an…