Search Results for: supply chain planning
The application of processes and tools to ensure the optimal operation of a manufacturing and distribution supply chain. This includes balancing the placement of inventory within the supply chain while minimizing operating costs (including manufacturing costs, transportation costs, and distribution costs). This often involves the application of mathematical modelling techniques using computer software.
In developing a supply chain network design there are many criteria to consider – including such factors as the impact of the facility choices on • Cost of running the system, • current and future customer service, • ability to respond to changes in the market, and • risk of costly intangible events in the …
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Imagining an agile supply chain can be a little like trying to picture a nimble ocean freighter: In an environment where strategies and network changes are measured in years, the idea of responding quickly and effectively to changing conditions is difficult to envision. With the right team, tools, and expertise, though, Capacity Planning strategies …
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This article written by Alan Kosansky and Ted Schaefer originally appeared in Industry Week. “Network structure, which determines 75%-80% of total supply chain costs, offers the biggest opportunity to reduce those expenditures.” A recent study of supply chain activities indicated that as much as 80% of total supply chain costs are determined by the network …
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There’s a classic scene in “Jurassic Park” where Jeff Goldblum’s character discusses chaos theory with the paleobotanist played by Laura Dern, and he uses a quick water drop experiment to explain the consequences of unpredictability in complex systems. You’ve no doubt heard of what’s kind of the supply chain’s version of this phenomenon: “The Bullwhip …
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Ten years ago, “What’s an environmental scientist doing in supply chain analysis?” would have been a good question. I might have even asked it myself before I took that exact step across the two industries. These days, however, news items regularly illustrate the links between climate events and supply chain disruption: From sourcing and production …
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Profit Point is in business to provide superior consulting services to assist business managers to make hard and potentially time-consuming decisions. We do this by making data and the information that this data conveys available and easy to interpret and understand. This requires both the technical excellence to configure and implement database and modeling tools, …
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It wasn’t too long ago that outside of work, many of us were met with puzzlement when we mentioned the supply chain. For better or worse, we rarely have to explain ourselves anymore: The past few challenging years have provided almost everybody with some degree of understanding of the difference that good, flexible, reactive supply …
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We’ve been at supply chain network design for a long time – 26 years – and in all that time, one thing we’ve never seen is things getting simpler for the supply chain modeler. Even as the tools have improved for taking into account production scheduling, production planning, demand planning, supply planning, distribution planning, and …
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By applying our unique “process of understanding”, Profit Point has used many Supply Chain Network Design (SCND) software tools to deliver exceptional value in strategic and tactical network planning. Our methods extend beyond the simple use of technology to model and design complex supply chains. In this article, we examine four of the most overlooked …
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In June of 2018, I wrote a blog explaining what Supply Chain was What is Supply Chain? • Profit Point (profitpt.com). Thanks to the COVID-19 pandemic, I thought that I would never have to explain what a supply chain was again. The Personal Protective Equipment (PPE), toilet paper, chips and vaccine shortages and distributions issues …
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What we hoped would be a short-term disruption in 2020 has become the new long-term reality. The world we live in is far less predictable. Supply chains are under pressure. As we have seen, disruptions can happen anywhere in our supply chains due to port congestion, warehouse staff shortages, weather-related shutdowns, or raw material uncertainty. …
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