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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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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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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What is Seasonal Demand? During the holidays, when we’re continuously flooded with the next themed decor, or Starbucks Coffee drink, or seasonal dinner dish, I’m constantly reminded that these goods are purposefully designed to be consumed at a particular time of year. To get these goods to consumers, including myself, supply chain professionals have worked …
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2021 has been a difficult year for supply chains around the world. A continuing global pandemic, labor shortages, skyrocketing commodity costs, unprecedented raw material shortages and supply chain delays continue to plague companies that need to transport goods. Ports around the world are now struggling with congestion, and there is no relief in sight. Why …
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One could argue that everything in the supply chain starts with planning. Even the simplest supply chains require at least some basic assumptions and forecasts around cost, supply and demand. Although this process is more complex than it is at first blush. Just look at the daily news, and you’ll see supply chain planning complications …
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