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The Counterintuitive Truth About Inventory Optimization

ToolsGroup

Equally perplexing is inventory optimization. Many assume that increasing inventory is necessary to improve service levels. But businesses that get inventory optimization right can boost service levels by 3-5% while reducing overall inventory by 15-30%. Doesnt reducing inventory hurt service levels? Wait, what?

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Beyond Cost Optimization: Building Resilient Supply Chains in an Unstable Trade Environment

Logistics Viewpoints

For years, supply chains were engineered to be lean. Lean models alone are no longer sufficient. Leading organizations are building supply chains that are less exposed to single points of failure, more informed by real-time data, and more able to adjust sourcing, inventory, and routing based on current conditions.

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ZF’s Transition from Lean to Supply Chain Resilience

Logistics Viewpoints

The Transition from Lean to Resilience. No industry has been more committed to lean practices than the auto industry. Lean cuts inventory out of the supply chain. But when things go wrong, lean can lead to large losses in sales because there are no just-in-case inventory buffers.

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Leading Inventory Attack Teams with Richard Lebovitz

The Logistics of Logistics

Richard Lebovitz and Joe Lynch discuss leading inventory attack teams. Richard is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. About Richard Lebovitz Richard Lebovitz is the CEO of LeanDNA , a purpose-built analytics platform for factory inventory optimization. acquired by SAP).

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The Keys to Business Continuity Planning

Speaker: Ron Spiteri, Director of TXM Lean Solutions

Join Ron Spiteri of TXM Lean Solutions, and learn the key steps to take control of your supply chain risks. Ways to find the right balance between inventory turns and stock availability. A key learning of this disruption has been the need for business continuity planning to mitigate future disruptions, which we know will come.

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Beware the Swinging Pendulum on Supply Chain Inventory Practices

Logistics Viewpoints

Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Is supply chain inventory the problem?

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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

What is Lean Retail? In his book, Lean Retail & Wholesale , professor and author Paul Myerson defines the shift towards lean retail as “a dramatic change in the way products are ordered and distributed that is far more data-centric and focused on understanding and meeting customer demand.” Why is lean retail so important?