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If your company is “fighting fires” daily to meet customer demand, then you’re already losing customers and missing new sales. Today, business is conducted in real time, which requires flexibility and responsiveness. It’s these two attributes—along with reduced costs—that are the most beneficial in managing for optimal inventory levels. Find out how you can better plan and manage your inventory for long-term survival.
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Understanding how a system really works is the first step toward using, improving, automating, or explaining it to others. The basic concept of a system is that it is driven by cause and effect—but there is so much more to understanding its full complexity. The best place to start is by learning how causal loop diagrams (CLDs) are used to model dynamic systems by identifying variables and causal effects.
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