Supply Chain Planning: Beware The 80/20 Rule
The 80/20 rule can provide a path to quick returns and fast answers, but it can also undermine strategic outcomes when used excessively in supply chain management.
Success Impaired: Part 6 – Why Ill-Fitting Selections Happen and How to Avoid Them
Selecting a well-fitting technology will help avoid both direct costs and opportunity costs of a poor modeling fit and enable your organization’s supply chain performance to push to increasingly greater heights, fully unleashing the benefits that flexible, responsive, optimized supply chain planning can offer.
Success Impaired: Part 5 – Holistic Production Planning is Essential
PRINCIPLE #5: The entire production operation should be accounted for when selecting detailed scheduling and S&OP/IBP layer technologies.
Success Impaired: Part 4 – Accurate Modeling Is Top Priority
PRINCIPLE #4: Accurate modeling and optimization capability should be the primary factor driving a detailed scheduling or S&OP/IBP technology purchasing decision for manufacturers as it is also the foundation of Industry 4.0.
Success Impaired: Part 3 – Different Industry Groups Have Distinct Needs
PRINCIPLE 3: Different industries have different levels of production complexity and therefore require different levels of production modeling capability.
Success Impaired: Part 2 – The Subtle Blast of a Solver’s Approach
PRINCIPLE #2: Solver algorithms add an obscure boon or barrier, but true optimization and synchronous solving approaches deliver the best outcomes.
Success Impaired: Part 1 – Realistic Scenarios Require Accurate Modeling
PRINCIPLE #1: If a solution cannot adequately model a production environment, then it cannot create realistic scenarios and it cannot optimize those scenarios.
Success Impaired: Introduction
The need for supply chain flexibility and resiliency has been a common theme in recent months, but achieving each is much more realistic than many supply chain leaders may imagine. S&OP and detailed scheduling technologies are key, but most have fallen short of delivering the promised value. This series addresses why.