Tips and strategies for saving money, improving productivity and reducing waste.
Brick and Mortar Shopping is Not Dead Yet
The convenience of making purchases online during the pandemic could have easily wiped out the desire for shoppers to get in their cars and actually visit a physical location. But as the restrictions from the pandemic slow down it turns out that Americans are anxious to escape their dwellings and head to the malls and shopping centers.
The Answer to Minimizing Risk and Running Out
As you already know, the pandemic has caused a major supply chain disruption. This has caused major backlogs and shortages that not only affect the consumer but manufacturers as prices rise and products cannot be made and delivered. This Wall Street Journal video outlines how bringing production closer to home, a term called “regionalization”, is a smart long-term solution.
Introduction to Inventory Buffering
In a previous blog, we introduced a few alternatives to forecasting, which is based on predicting trends that are compiled on information gathered by past behavior and daily customer input and is risky at best. In the article we briefly introduced the Buffering System...
Are You Experiencing Uncertainty and Chaos?
Uncertainty and chaos: two words that are every manufacturer’s nightmare. Any manufacturer that requires hundreds to thousands of raw materials to make their product understands the consequences of running out of just one of those raw materials. The automotive industry knows first hand how a small part can interrupt or even shut down production.
What Direction Do You Take in a Crisis?
Any company that relies on tangible materials of any kind has been affected by the current supply chain crisis.
Manufacturers Taking Closer Look at Mexican Suppliers
According to recent reports, suppliers in Mexico are receiving a significantly higher number of procurement bid requests from American manufacturers. In 2021, Mexican-based suppliers received six times as many requests for bids by large American manufacturers for...
Strategies to Make your Supply Chain More Robust
The term “resilient” is widely used now by businesses that are proactively adjusting their supply chain management strategy to avoid any future surprises. So, what exactly is supply chain resilience?
Inventory Forecasting and its Flaws
There are many elements and factors that go into inventory management but one of the most common practices is Forecasting, which is based on predicting trends that are compiled on information gathered by past behavior and daily customer input. Predicting trends using...
Ukraine War Adds to Supply Shock
The world was kicked in the gut again by Russia’s recent invasion in Ukraine. This aggressive military action not only causes needless destruction and deaths but also intensifies the current supply-chain crisis. In addition to the current shortage of grains, meats,...
Proving the Pull Concept
Implementing a whole new way to approach logistics and inventory management can be a daunting task. Since, prospective clients can’t anticipate all the implications of transitioning their supply chain from Push to Pull before taking the plunge, we first suggest a test...
Manage Consequences of Supplier Unreliability
Every company that deals in physical products must manage the consequences of supplier unreliability. Late shipments can shut down production, short deliveries may cause you to run out before the next shipment arrives and you have the hassle and expense of expedited...