Research Vice President Forecasting Guru Tom Willemain
Research Vice President Forecasting Guru Tom Willemain
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Prepare your spare parts planning for unexpected s…In today's unpredictable business climate, we do have to worry about supply chain disruptions, long lead times, rising interest rates, and volatile demand. With all these challenges, it's never been more vital for organizations to accurately forecast parts usage, stocking levels, and to optimize replenishment policies such as reorder points, safety stocks, and order quantities. In this blog, we'll explore how companies can leverage innovative solutions like inventory optimization and parts forecasting software that utilize machine learning algorithms, probabilistic forecasting, and analytics to stay ahead of the curve and protect their supply chains from unexpected shocks. […]
Uncover data facts and improve inventory performan…The best inventory planning processes rely on statistical analysis to uncover relevant facts about the data. When you have the facts and add your business knowledge, you can make more informed stocking decisions that will generate significant returns. You'll also set proper expectations with internal and external stakeholders, ensuring there are fewer unwelcome surprises. […]
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. […]
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- Uncover data facts and improve inventory performan…Blog, Voorraadbeheer, VoorraadoptimalisatieThe best inventory planning processes rely on statistical analysis to uncover relevant facts about the data. When you have the facts and add your business knowledge, you can make more informed stocking decisions that will generate significant returns. You'll also set proper expectations with internal and external stakeholders, ensuring there are fewer unwelcome surprises. […]
Wat Silicon Valley Bank kan leren van Supply Cha...Blog, uitmuntendheid in prognoses, voorraadoptimalisatie, operationele analyseAls je de laatste tijd je hoofd omhoog hebt gehouden, heb je misschien wat extra waanzin opgemerkt op het basketbalveld: het falen van Silicon Valley Bank. Degenen onder ons in de supply chain-wereld hebben het bankfalen misschien afgedaan als het probleem van iemand anders, maar die spijtige episode bevat ook een grote les voor ons: het belang van stresstesten die goed worden uitgevoerd. […]
Waarom Days of Supply Targets niet werken wanneer Computi ...Blog, VoorraadoptimalisatieCFO's vertellen ons dat ze minder aan voorraad moeten uitgeven zonder de verkoop te beïnvloeden. Een manier om dat te doen, is af te stappen van het gebruik van gerichte regels voor de leveringsdag om bestelpunten en veiligheidsvoorraadbuffers te bepalen. Hier is hoe een aanpak voor het aantal leverings-/dekkingsdagen werkt: […]