Category: Ìnventory

Better Planners make Better Plans.

The Right Supply Chain

So what are the goals of supply chain management and planning.  You want to deliver the right product Right Products:  Having the product the customer wants. Depending on the industry and company that can change.  For example what the customer wants this year may not be what they wanted last year.  Producing last year’s smart…
Read more

Warehouse Inventory

Inventory Management

Inventory is a buffer against uncertainty.  A common image that I first came across when studying Goldratt’s Theory of constraints (which I highly recommend by the way), is that of a ship sailing on a lake.  The ship represents the company and the water inventory.  Below the water are rocks representing problems in the company. …
Read more