The Smart Forecaster Blog: Data Driven Management
Pursuing best practices in demand planning, forecasting and inventory optimization
MAX-MIN OR ROP – ROQ
This guest blog details the differences between Min-Max and Reorder Point- Order Quantity replenishment logic and why it is important. It is authored by Phillip Slater, Founder of SparePartsKNowHow.com the leading educational resource for spare parts management. Mr. Slater is a global leader and consultant on materials management and specifically, engineering spare parts inventory management and optimization.
Forecasting and the Rising Tide of Big Data
“Trillions of records of millions of people…Finding the useful and right information, understanding its quality and producing reliable analyzed data in a timely and cost-effective manner are all critical issues.”
Handling Extreme Supply Chain Variability at Rev-A-Shelf
Does your extended supply chain suffer from extreme seasonal variability? Does this situation challenge your ability to meet service level commitments to your customers? I have grappled with this at Rev-A-Shelf, addressing unusual conditions created by Chinese New Year and other global events, and would like to share the experience and a few things I learned along the way.
Truth in Forecasting—Practical Advice at Year’s End
At year’s end, we are often caught up in thinking and planning for the coming year. Did 2013 turn out the way you expected? Will 2014 be dramatically different? Are there other factors—things we are planning to do; things we think our competitors might do; outside forces like changing taste, demographics or economics—that might change the course of business in the coming year?
Recent Posts
Smart Software to Present at P21WWUG CONNECT 2020Smart Software today announced that Dr. Thomas Willemain, co–Founder and SVP Research, will present the Video Session "Top Inventory Policies Explained" at P21WWUG CONNECT 2020 from August 14 - September 11 , 2020. . […]
Six Steps Up the Learning Curve for New PlannersIf you are a new professional in the field of inventory management, you face a very steep learning curve. There are many moving parts in the system you manage, and much of the movement is random. You may find it helpful to take a step back from the day-to-day flow to think about what it takes to be successful. Here are six suggestions that you may find useful; they are distilled from working over thirty five years with some very smart practitioners. […]