This quick (7 min) video provides crisp description of a widely unrecognized problem facing nearly every operations leader, strong evidence of the problem, and a solution with major benefits.
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Week 32 – Inventory Management Mistakes, Finale
Safety stock is often seen as a holy grail for ensuring good customer service and optimal inventory levels. It is often miscalculated and mismanaged.
Batch time is usually one of the largest components of cycle time. We provide a simple simulation to illustrate the dynamics.
Week 31 – Inventory Management Mistakes, Part 4
In trying to keep things simple when making delivery promises to customers, companies unintentionally make planning and execution less effective and less efficient.
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