Launching a new product comes with great risk. Even if the product launch is a success, if the company fails to determine the customer demand for the product then you could face a massive disaster. So what can you do to rationalize the decision-making process in order to commit to a new product introduction with confidence?
Supplier closures are disruptive at the best of times. However, as your suppliers down tools to enjoy a well-deserved summer break, your business could become dangerously exposed to lengthy lead times, delays and even stock outs. What can you do to maintain a harmonious operation during what could be an extremely volatile time for your
We cannot ignore it. The complexity of supply chains has increased exponentially in recent years. Whereas once upon a time, a good business strategy alone would be enough to compete, overcoming complexity is now what ultimately sets a business apart from its competitors; a trend which will only become more prevalent in the coming years.
“I need a 100% service level” – a typical expectation of both management and commercial departments. Purchasing & operational divisions, however, have a much better understanding of service levels and appreciate that attaining 100% is a utopia. In practice, determining an appropriate service level is an extremely complicated undertaking. OPTIMISE YOUR SERVICE LEVELS For many
Owning, maintaining, and managing inventory costs a lot of effort and money. However, you need to have enough in stock to deliver customer service: no inventory, no deal. This paper provides you with the basic knowledge you need for the optimization of your order quantities. Ordering the right quantities will lower your operational expenses while
Working capital fuels your business, but it can be easily eroded. The more inventory you have in stock, the less working capital you have available. Further, the higher the risk that that inventory will become dead stock, meaning it will never contribute to your bottom line at all. Utilizing a structured approach to your working
It seems that from coast to coast Americans are getting on their bikes in startling numbers. The National Household Travel Survey showed that the number of trips made by bicycle in the U.S. more than doubled from 1.7 billion in 2001 to 4 billion in 2009. Nationwide, the number of people who travelled to work
While the sales team may expect consistently high levels of availability in order to satisfy customer demand, the finance team are typically more interested in inventory cost. Consequently, operational teams are under constant pressure to strike the balance between service levels and investment in stock. However, in order to ensure that supply chain decisions are
Businesses in the building trade typically rely on a global network of suppliers to satisfy the needs of their customers. Consequently, lengthy lead times of up to several months are the norm for businesses in this sector. As a result, suppliers and distributors of building materials depend upon accurate long-range demand forecasts in order to
When it comes to building products, customers expect suppliers to be able to provide anything and everything at a moment’s notice. In response to this demand, many businesses in the building industry have exploded their assortments to encompass many thousands of different SKUs. The problem is, however, how much do you really know about the