28
Oct 24
Product Lifecycle Reality
Product Lifecycle Management sounds impressive in presentations. The concept usually appears as a clean curve.
21
Oct 24
Product Mix Planning Reality
Supply chain planning often begins with demand forecasting. Teams try to estimate how much of each product customers might buy in the coming months.
14
Oct 24
Inventory Mathematics Reality
Inventory management is one of the most heavily studied topics in operations research. Academic literature contains hundreds of mathematical models
07
Oct 24
Demand Forecasting Misplaced
Demand forecasting is supposed to estimate market demand. Customers in a region buy products. The forecast should therefore represent demand from that market.
