It is great to see progress in a relatively short amount of time. When I joined Profit Point in 2014, one of our key customers was scheduling their plants with AspenTech SCM, which is one of the most customizable scheduling tools, As we typically do, we complemented that flexibility with some of our own expertise; …
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What is the best inventory strategy to manage the risk of a supply interruption? Will the COVID-19 pandemic change our minds about the wisdom of continually driving down inventory targets to reduce working capital costs, especially during the last quarter of the fiscal year? During the hurricane season of 2005 that included Katrina, chemical …
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Unsung, everyday heroes In late March, the Governor of the State of Michigan issued execute order 2020-21 a stay at home directive intended to ensure social distancing, slow the advancing spread of the Corona virus and promote public health and safety. Prior to the order, restaurants and bars were limited to carry-out only, schools and …
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I have worked in the manufacturing supply chain information technology (IT) field for more years than I care to admit. A sleepy-eyed dinosaur stares back at me from the bathroom mirror each morning. Over the course of my career, more than a few trends have emerged. Many of them, perhaps most of them, have turned …
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In just a short time, the year 2020 has introduced the average person to phrases unheard only three months ago – social distancing, N95 masks, PPE, and Global Supply Chain. As the COVID-19 virus spread around the world, countries went under lockdown as they tried to “bend the curve” on the spread of the virus. …
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I’m a supply chain lifer. I started in manufacturing, but early in my career made the transition to supply chain and never looked back. It was never easy to explain to others what I did though. I would say, “all the stuff between manufacturing and sales.” Still, I don’t think they really understood the complexity …
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With a lot of the world moving to working from home we thought we would take this time to share some tips from the Profit Point team. For the past 25 years, since our founding, Profit Point has always had a remote work from home culture. We narrowed our list down to the top 8 …
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Giving Back to the Communities We Live and Work In This has always been part of our mission statement here at Profit Point. We are living in an uncertain time right now, and we are all shifting our behavior. One thing that has been inspiring to me is how much we are becoming a global …
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Disruptions in Multiple Supply Chains Are Happening Now “Reports on how the Covid-19 outbreak is affecting supply chains and disrupting manufacturing operations around the world are increasing daily. But the worst is yet to come.” by Pierre Haren and David Simchi-Levi.” Harvard Business Review, February 28, 2020 “Analysis has shown that for most companies, the …
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It’s no surprise that with supply chains becoming increasingly complex with each passing day, that an agile supply chain is quickly growing in popularity.
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Why should I be designing my supply chain network? You’re patting yourself on the back. You’ve sorted through the Marine Shipping chaos. In the face of volatile Marine Transportation rates, you’ve managed to negotiate great prices to transport your North American produced bulk liquid via tank containers to ten Pacific region countries. The contracts are …
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The other day I stopped at a Chinese restaurant I had not visited in a while, and the owner asked where I had been. Trying to provide her usable consumer feedback, I informed her that I stopped visiting her establishment when they discontinued the buffet, and I had been frequenting a competitor. The owner informed …
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