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Electric Utilities’ Problems with Spare PartsEvery organization that runs equipment needs spare parts. All of them must cope with issues that are generic no matter what their business. Some of the problems, however, are industry specific. This post discusses one universal problem that manifested in a nuclear plant and one that is especially acute for any electric utility. […]
Correlation vs Causation: Is This Relevant to Your…Outside of work, you may have heard the famous dictum “Correlation is not causation.” It may sound like a piece of theoretical fluff that, though involved in a recent Noble Prize in economics, isn’t relevant to your work as a demand planner. Is so, you may be only partially correct. […]
Smart Software Customer, Arizona Public Service to…Smart Software CEO and APS Inventory & Logistics Manager to present USMA 2023 Session on APS supply chain transformation project and the role of inventory optimization technology in their new process. […]
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What Silicon Valley Bank Can Learn from Supply Cha…Blog, Excellence in Forecasting, Inventory Optimization, Operational AnalyticsIf you had your head up lately, you may have noticed some additional madness off the basketball court: The failure of Silicon Valley Bank. Those of us in the supply chain world may have dismissed the bank failure as somebody else’s problem, but that sorry episode holds a big lesson for us, too: The importance of stress testing done right. […]
Why Days of Supply Targets Don’t Work when Computi…Blog, Inventory OptimizationCFOs tell us they need to spend less on inventory without impacting sales. One way to do that is to move away from using targeted day of supply rules to determine reorder points and safety stock buffers. Here is how a target days of supply/coverage approach works: […]
Supply Chain Math: Don’t Bring a Knife to a Gunfi…Blog, Excellence in Forecasting, Inventory Optimization, Operational AnalyticsMath and the supply chain go hand and hand. As supply chains grow, increasing complexity will drive companies to look for ways to manage large-scale decision-making. Math is a fact of life for anyone in inventory management and demand forecasting who is hoping to remain competitive in the modern world. Read our article to learn more. […]