The pressure is on for companies to employ demand-driven strategies - technologies and processes that can "sense" and communicate real-time demand across customers, suppliers and employees.
A conversation with Jeremy Shapiro, professor of operations research and management emeritus in the Sloan School of Management at the Massachusetts Institute for Technology.
Here's what the best companies are doing, in making sure they retain visibility over products and information in the chain. • Third in the Best Practices series.
Hollywood studios know that box-office receipts are greatest in the first weeks of a film's release, and the same is true for their video sales divisions. MGM Home Entertainment's VMI initiative ensure that its retailers are stocked (and replenished) with the latest videos.
Enabling its field sales managers to collaborate on forecasts allowed Coca-Cola Bottling Co. Consolidated to slash inventories in half while absorbing 150 new products.
Serving the nation's largest cooperative of independent hardware stores, struggling True Value aims to secure member loyalty through a world-class supply chain.