What if the tools we’re using are not solving the problem?
Your boss hands you a list of high-dollar parts to reduce inventory levels. You notice that most parts on the list are the ones that you need to expedite. What do you do?
Finance has declared that you should cut inventory by 10% across the board. For the parts you need urgently, is cutting back going to help?
We asked hundreds of businesses around the world, what are your pain points? The theme of their answers is the same: Forecast is wrong, we don’t have enough time, we don’t have enough resources, dates and quantities keep changing, yesterday things were fine, today they are not. I’m always firefighting. I keep increasing safety stock and the problem keeps coming back. And, no matter what I do, someone is not happy with my decision.
Is it accepted as normal that Supply Chain is like a pinball game and we are the ball? Wouldn’t it be better to be Player One and in control of the Flippers?
The solution starts with recognizing the flaws in our current methods of management. Understanding that doing the wrong things faster is not a formula for success is imperative. But knowing the direction of the solution is the key to adapting to the VUCA world. It begins with Strategic Inventory Positioning to compress lead times, right-size inventory levels and achieve excellent customer service.
Watch our on-demand webinar to learn how you can:
- Understand why your current planning efforts aren’t enough (and never will be)
- Realize that a more accurate forecast will not solve your problems
- See how it is possible to reduce inventory levels and improve customer service
- Learn the four innovations and build on what you know
Click here to download the slides.