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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

For example, a robust supply chain may have backup power generators, firewalls, security systems, and emergency plans to prevent or mitigate the effects of disruptions. For example, an agile supply chain may have real-time data, advanced analytics, decision support tools, and cross-functional teams to monitor, diagnose, and solve problems.

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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

Another example of data normalization is accounting for lost sales due to stockouts or waste of perishable products due to overstocking of inventory. For example, the demand for the Chocolate Peanut Butter Cup will behave much more similarly to the flavor of Chocolate than Rainbow Sherbert. Wouldn’t it be cool to know within minutes?

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8 Inventory Management KPIs for Effective Inventory Analysis

EazyStock

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

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Toyota Kata: What If There Is No Takt Time?

The Lean Thinker

At KataCon 2020, Steve Medland posed a problem that comes up fairly often: The default Toyota Kata process analysis (“grasp the current condition”) involves determining takt times and cycle times for the process, and a lot of processes don’t have an obvious repeating cadence. Don’t Confuse the Tool with the Goal.

Capacity 360
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Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. Coupa meets this definition. The use cases just keep expanding.

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Daily Management for Improvement

The Lean Thinker

We get into semantic arguments about “problem solving” as somehow different from “root cause analysis” and how the Improvement Kata is somehow distinct, again, from those activities. Toyota Kata is not a problem solving tool. You Cannot Meet a Challenge Without Working on Stability. Same thing.

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Tata Steel Europe’s Connected Planning Journey

Logistics Viewpoints

Dr. Lassen views Anaplan – their connected planning tool – as a cloud-based, business planning platform capable of doing multidimensional planning with very fast solve times. The goal is to produce an integrated plan that meets the strategic goals of the overall organization. So, what is “connected planning?”