The Defense Logistics Agency tasked partner LMI with helping to develop a more efficient system for managing items with infrequent demands through an innovative system that accounts for need and risk, without sacrificing mission-readiness.
The corporate sexiness that is Apple is in the unveiling of its products, but the not-so innovative part of the company has always been its supply chain.
Factoring uncertainties into supplier strategy decisions builds agile procurement into the whole supplier life cycle. Procurement leaders of the future will measure uncertainty through quantitative analyses, modeling scenarios to take key uncertainties, such as supplier bankruptcy or material scarcity, into account.
One of the new buzzwords in the demand planning arena is demand sensing. Developed around 2003, demand sensing has slowly been grabbing the interest of the CPG, energy, food, beverage, and chemical industries. Often viewed as an alternative to demand management, demand sensing is anything but. Let's compare the two.
International expansion has become an established route to generating revenue growth for UK retailers, but the logistics of moving products across the globe can often put a strain on efficiency and profits.
Glen Margolis, chief executive officer of Steelwedge, describes the planning challenges that companies are facing as they cope with increasingly complex demand and supply networks.
Demand modeling can make a dramatic difference in the accuracy of one's forecast. Patrick Smith, general manager for North America with ToolsGroup, explains the concept.