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A Modern Tale of Long (Supply Chain) Tails -- Part III
Part II of this blog series explained ToolsGroup’s value proposition for achieving service level excellence in distribution environments. The point of the

deterministic inventory model  and Supply Chains”: “The deterministic, replenishment logic traditionally found in advanced planning and scheduling (APS) technologies are not a good fit for the long end of the tail… Bottom line, in this scenario, traditional inventory techniques—safety stock logic based on normal demand distribution — just don’t work.” Analyzing the “long tail” from a supply chain perspective, the tail is typically longer and bigger than from the sales and marketing perspective. From a supply chain Read More...
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Documents related to » deterministic inventory model


ToolsGroup-Going Back to Its SCP Roots
What has ToolsGroup, the expert in demand-driven SCP, been doing to address demand and supply variability? Read P.J. Jakovljevic’s article and see how

deterministic inventory model  SCP Most of the deterministic APS models use either general rules or bolt-on IO tools as a Band-Aid.“ In contrast, ToolsGroup has always statistically modeled a comprehensive end-to-end supply chain solution with each function modeled statistically. The company believes that controlling volatile supply chains requires highly reliable and scalable statistical models. The statistical model is the backbone of the solution, encompassing multiple optimization functions and addressing demand and supply Read More...
Demand-driven Supply Networks for Small and Medium Business
Lately demand-driven supply networks (DDSN) are a much talked about topic, yet little is written about SMBs and DDSN. By understanding the basics of DDSN, and

deterministic inventory model  stages of production setup. Deterministic optimization is replaced with probabilistic optimization that uses stochastic optimization methods to handle variability. Probabilistic models do a better job of accounting for the uncertainties that exist in the supply and demand equation. Probabilistic modeling also enables simulation of what-if scenarios so managers can randomly vary their initial conditions. The combination of these three factors drives growth through the constant interaction between supply Read More...
A Modern Tale of Long (Supply Chain) Tails -- Part I
As a little kid growing up in former (and erstwhile happy) Yugoslavia and watching my elders, day in, day out, downing dozens of strong Turkish coffees with

deterministic inventory model  enterprise resource planning (ERP) deterministic (formulaic) approaches are not designed to properly forecast slow-moving products. Stochastic or probabilistic methods are much more appropriate here. Not All Slow-Moving Products are Create Equal  Last but not least, all slow-moving products are not created equal, which requires new levels of focus and management. Based on the products’ importance and cost-to-serve, AMR Research has created a slow-moving product framework with four differing Read More...
Service Supply Chain Strategies to Increase Corporate Profitability
This article describes the unique challenges of the service supply chain, provides a framework for understanding the service management decision hierarchy, and

deterministic inventory model  company contexts Tactical Planning Deterministic DRP type logic using discrete forecasts not suited to intermittent demand environment and characterized by unplanned, reactive expediting Risk-based decision making that incorporates the probability of stockout in all order generation and deployment activities, integrating strategic and tactical planning Fulfillment & Service Fulfillment to traditional fill rate metrics. Fulfillment strategy not tied to asset management strategy Differentiated Read More...
CAD Model Quality Testing
With 3-D computer-aided design (CAD) models taking on a broader and more significant role in the development of new products, CAD files must flow smoothly into

deterministic inventory model   Read More...
APICS 2009 Preview Webinar Series, Session 5: Managing Inventory in a Changing Economy
The 2009 APICS International Conference and Expo is starting next week in Toronto (Canada). One of the educational tracks is focusing on how to manage inventory

deterministic inventory model  2009 Preview Webinar Series, Session 5: Managing Inventory in a Changing Economy The 2009 APICS International Conference and Expo is starting next week in Toronto (Canada). One of the educational tracks is focusing on how to manage inventory in a changing economy. As inventory is a challenging issue for all types of manufacturing organizations, regardless of industry. If an organization can manage its inventory without losing focus on demand and where its dollars are being spent, it may achieve its Read More...
Leading Airline Improves Inventory Management
Delta is the world’s second largest airline in terms of passengers carried and the leading US carrier across the Atlantic, offering daily flights to 502

deterministic inventory model  Airline Improves Inventory Management Delta is the world’s second largest airline in terms of passengers carried and the leading US carrier across the Atlantic, offering daily flights to 502 destinations in 88 countries. With $1 billion (USD) worth of parts inventory at one time, Delta needed a supply chain system to aid the company’s maintenance, repair, and operations (MRO) activities. Learn how Delta implemented a full MRO technology suite from Click Commerce, that focuses on supply chain Read More...
Inventory Management Report: Driving the Fastest ROI for the Mid-market
Large enterprises have different warehouse management and inventory management needs than do small and mid-market companies. Find out about the key factors to

deterministic inventory model  Management Report: Driving the Fastest ROI for the Mid-market Large enterprises have different warehouse management and inventory management needs than do small and mid-market companies. Find out about the key factors to success for mid-market companies, identify big-picture trends and needs that can help you overcome barriers to enjoy inventory management as a true strategic advantage—and learn about an inventory management solution specially designed for the mid-market. Read More...
Furniture Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS
Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in

deterministic inventory model  Manufacturer Improves Inventory Accuracy by 85 Percent with RFID-capable WMS Fraenkel Company is an employee-owned manufacturing distributor of household furniture and related products and services. The company created a sophisticated in-house ERP system in the early 1990s. However, homegrown software can be unwieldy to maintain and difficult to upgrade. In 2001, Fraenkel saw a solution that offered more advanced capabilities, and implemented VAI’s S2K Enterprise Edition for Manufacturing. Read More...
Unlocking Working Capital: Best Practices for Reducing Inventory
Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many

deterministic inventory model  Working Capital: Best Practices for Reducing Inventory Two-thirds of the 400 survey participants in a 2007 Aberdeen report about inventory management place a high priority on working capital optimization. Many companies are reconsidering their business strategies, including implementing appropriate technology platforms that help automate supply chain processes. Learn about cost-effective and practical ways to reduce inventory so that working capital can be released. Read More...
Transforming Inventory Into a Strategic Weapon
If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon.

deterministic inventory model  Inventory Into a Strategic Weapon You can view inventory optimization as a one-time fix for quick returns, or a long-term strategy for competitive advantage. If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon . In this practical guide , you'll learn how best-in-class companies create an ongoing competitive edge by aligning their day-to-day inventory plans with top-level corporate goals. You'll discover how to define the right supply Read More...
Managing Mountains of Inventory Data, Hexion Ensures Sustainable Growth and Profits
For thermosetting resins producer Hexion Specialty Chemicals, a portfolio of over 50,000 stock keeping units (SKUs) created unique supply chain efficiency

deterministic inventory model  Mountains of Inventory Data, Hexion Ensures Sustainable Growth and Profits For thermosetting resins producer Hexion Specialty Chemicals, a portfolio of over 50,000 stock keeping units (SKUs) created unique supply chain efficiency challenges. Hexion needed better supply chain management—the key to sustaining growth and profits. In adopting Zemeter solutions, Hexion reduced inventory by more than 20 percent and increased margins—exactly what Hexion needed to stay competitive on a global scale Read More...
Inventory and Lead Times - Understanding Decoupling Points
While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory

deterministic inventory model  and Lead Times - Understanding Decoupling Points While inventory is necessary in manufacturing, most companies would like to reduce their inventory, but only if that did not cause problems. Managing inventory according to decoupling theory is the most effective approach to reducing (the wrong kinds of) inventory without damaging service level—without increasing the risk of shortages that disrupt production (components and materials) and hurt customer service (finished goods). Read more. Read More...
Effective Inventory Analysis
For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often

deterministic inventory model  Inventory Analysis For many distributors, inventory is the largest and perhaps the most important asset. Inventory ties up more money than buildings or equipment, and is often less “liquid.” It is crucial, then, that distributors develop and use a comprehensive set of tools that allows close monitoring of the performance of inventory investments. Read more about simple measurements that can help you maximize your investment in inventory. Read More...

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