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Answer You - Inventory Management - One Size Does Not Fit All
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Problems arise however whe
I am sure by now everyone remembers the popular commercial that Gatorade had out stating that, “Life is a Sport”. Little did we think back then that particular commercial would be more than just another catchy phrase by another one of those brainy marketing guys at one of those power house Brand name companies. That phrase alone is really a metaphor to what life really is in essence. Life is a sport. We are all players and lets face it, there are winners and losers in this game of life. We all think it, but most of us are afraid
For the inventory manager this is very attractive as it means that there is only one approach to manage. For the software vendor, consultant or advisor it means only one solution to sell.
There is a wide range of techniques and approaches that people use to manage inventory. These include JIT, MRP, DRP, SCM, Risk Management, safety stock and EOQ’s Sometimes they are used on a stand alone basis and sometimes in conjunction with each other. All are worthwhile techniques when used appropriately.
Problems arise however when
Every leader and business owner should have a dream for their business -- a dream that they want to turn into reality. How do we make those dreams come true? We begin with the establishment of a stated purpose for our business and the development of a vision of what we want this business to become in the future. We should be able to answer the following questions: "Why does my business exist?" and "What do I want my business to be like in the future?" Once we have answered these questions, we are ready to move to the next ste
For the inventory manager this is very attractive as it means that there is only one approach to manage. For the software vendor, consultant or advisor it means only one solution to sell.
There is a wide range of techniques and approaches that people use to manage inventory. These include JIT, MRP, DRP, SCM, Risk Management, safety stock and EOQ’s Sometimes they are used on a stand alone basis and sometimes in conjunction with each other. All are worthwhile techniques when used appropriately.
Problems arise however whe
In the traditional work environment we used resumes and cover letters to introduce ourselves. As a business owner we use a bio as a way of introducing who we are. You are not applying for a job but attracting ideal clients. To do this you have to step away from responsibilities and address your accomplishments through your skills and experience. Most bios are written in the third person. Some combine the third and first person by adding quotes of the person being written about. It can sometimes be difficult or fee
There is a wide range of techniques and approaches that people use to manage inventory. These include JIT, MRP, DRP, SCM, Risk Management, safety stock and EOQ’s Sometimes they are used on a stand alone basis and sometimes in conjunction with each other. All are worthwhile techniques when used appropriately.
Problems arise however whe
So let me get this straight, you want to be your own boss. You want to voluntarily and willingly throw away your current employment (or maybe the company you previously worked for made that decision for you, but rather than pursue another job, you have decided to launch a new business). And you are convinced this is what you want to do, IN SPITE of (some or all of) the following:1. The overwhelming majority of new businesses fail within the first few years of opening 2. You will be assuming responsibility for a “sp
Problems arise however whe
It's far easier to rush around, checking items off of your "to do" list than it is to sit quietly and think about your business. Somehow, you don't feel as accomplished or satisfied pondering a business plan or engaging in strategic thinking as you do developing the next widget for sale.However, what I know is that strategic thinking is the only method that works if you are going to grow your business. Developing procedures and an operations manual is part of that process. This article talks about three (of many) things y
Problems arise however when the approach to identifying the appropriate solution starts by looking at the solution rather than the inventory. This approach starts from the assumption that because solution x works at company y it must be good. Or because the software suits our enterprise wide planning system it is appropriate. In fact it is often assumed that inventory software packages are much of a muchness. Have you ever heard someone say ‘and it has an inventory module’!
The fact is that not all inventory is the same and consequently not all inventory requires the same approach to management. Without trying to be exhaustive it is easy to identify that some inventory is made to or
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