Who Loves Ya? Demand Planning or Supply Planning? (Part 2)
In Part 2 of this series, we continue to identify additional insights to solve the complex puzzle of Supply Chain Management.
In Part 2 of this series, we continue to identify additional insights to solve the complex puzzle of Supply Chain Management.
At its most basic level, Demand Planning is managing customer demand, while Supply Planning is managing the inventory supply to meet customer demand.
Challenge yourself beyond checking the boxes on your task list. Think about how you can improve your planning. A new mindset will bring about new results.
Avoid linear thinking by operating on the rule of Seven Why’s. This will ensure you get to the root of the problem rather than treating the symptoms.
Don’t leave money on the table from supplier deal discounts. Deal Solution keeps track of supplier deals and recommends froward buys to maximize profits.
Did you watch the Super Bowl this past Sunday? Whether you were pulling for the Panthers or betting on the Broncos, I wonder if you were drawing any analogies to supply chain planning?
A few weeks ago I wrote an article titled, Where’s your Focus. After the article was released, several people responded agreeing with the points made and the strategy suggested. Whew! In addition to the affirmation I received a lot of really strong follow-up questions. “What exactly do I focus on?” “Where do I begin?”
The typical day of a planner is usually quite busy, and many times their daily tasks actually take more than a day to complete. When a planner’s ability to get a day’s work done becomes consistently hard to complete, we should look at the root cause and then help to solve the issue.
On Tuesday night, I returned home from New York where we were exhibiting at the NRF Big Show 2016. The event was well attended and seemed to be a large number of new companies trying to sell a new version of something and using all the right buzzwords.
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