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YOUR FEEDBACKJust some quick feedback this week we received from our expert columnist Mike Watson's recent piece on lessons we might learn from Alabama football coach Nick Saban relative to inventory planning. |
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Feedback on Lessons from Nick Saban:
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Good clear direction for the coach (inventory manager). Unfortunately, the owners and the fans DO look at the scoreboard and in many cases want short term results and push forcefully and loudly for short term reactions to item level events. It takes a strong inventory manager with some degree of legitimacy and authority to be able to push back and affirm that we have the right game plan that will see us through to simultaneous improvements in inventory performance and service. David Armstrong |
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It was a very interesting analogy. I would like to purpose a topic to be discussed in your posts. Demand Driven MRP is getting more attention for companies to manage their inventories. Demand Driven MRP forgets about forecasting and have a look to the real consumption. Demand Driven MRP supporters tell to forget about forecasting, it is most of the times wrong, guide your decision on real consumption. What are your thoughts about it? Juan Calle |
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Editor Note: This Feedback specifically related to a video discussion between Mike Watson and SCDigest editor Dan Gilmore on a broadcast of our weekly supply chain video news, which can be found here: https://www.scdigest.com/newsviews/16-03-14-2.php I really enjoyed your interview with Michael Watson on SCTV and his inventory analogies with Nick Saban's football strategies. One point made was "to focus on the individual item". This approach, which of course is right, has dramatic implications on the ubiquitous "ABC Class" approach used by so many to manage their inventories. In that approach thousands of items are grouped into a hand full of Classes. So you are left with hundreds of items, all different, yet all managed in the same way. Moreover these Class systems are constructed arbitrarily. Many will say "the A’s are the top 70% of sales, the B's are the next 15%" and so on. The 70% and the 10% are long standing "folklore" with little rational basis. Managing items based on their actual individual characteristics (forecast, variability, cost and so on) is the only way an inventory system can be optimized. Great point made by Michael and you. Terry Harris |
Q: About how much of total US spending on roads and bridges (new and repair) comes from the Federal government?
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