Whether you realize it or not, technology is transforming all of us in some way, shape or form. It’s transforming the way your customers act, transforming the supply chain, transforming your business, and transforming you. For the year 2016, we
At some point we’ve all been asked to reduce inventory and our first reaction has likely been to reduce our item’s service level settings, make Global Control adjustments, or simply stop buying. Unfortunately, these reactions tend not to produce the desired result, especially in the long term.
Coming off of BLUEPrint can be such an exhilarating and motivating time. Don’t let the daily grind keep you from the planning and goal setting you were cooking up last week. At BLUEPrint, we had a keynote speaker, Dr. Jennifer Lewis Priestley, Department of Statistics and Data Science at Kennesaw State University in Kennesaw, GA. Dr. Priestley was witty, engaging, smart, funny, and left us all thinking about what is truly possible with data.
First of all, what does service failure mean? Is it running out of stock? Is it not shipping all items on an order? Is it a customer that walks in to your store and can’t buy what they want or can’t get their entire basket? Once you decide what constitutes a service failure, we need to determine the cause.
We recently held BLUEPrint Nordics, our annual Blue Ridge customer event in the Nordics region. This year the conference took place at Losby Gods, a resort outside of Oslo. The event was a huge success. We had several customers present their experiences and tell how they are transforming business using Supply Chain Analytics from Blue Ridge.
If your company has a network configuration where a higher-level node, such as a national or regional distribution center, services downstream customer-facing stores or distribution centers, then you have a multi-echelon network.
If you are a wholesale or retail business contemplating better ways to manage your inventory investment, you should be thinking about inventory as one holistic investment for your enterprise. Your primary goal should be to enable the most profitable inventory investment that meets your customer service objectives.