I never managed to understand Product Life Cycle Management. The notion of it. What am I expected to do by knowing the ‘definition’ of product life cycle management? Marketing speak. I can’t know ahead of time anyway. How hard it is to teach that some products do not even take off in the market? They...
Supply Chain Free Consulting. Where does Product Mix Planning fit into the MRPII/Interated Business Planning/S&OP framework? I have Petroleum – I can make Aviation Fuel, Petrol or Polymers. I need to maximize my profits. That depends on what’s in demand, what’s cheaper and faster to make and what gets more margins, what’s easier to handle...
Supply Chain Free Consulting Tons of academic literature on ‘Inventory models’ in Production x Distribution systems. But the best-case awareness is on how to look up a z value and area under the curve assuming demand is normally distributed. Thats what they teach in B schools. if someone bothers to know the ‘math’. E.g. Half...
Supply Chain Free Consulting Why ‘value’ demand forecast at a warehouse/factory ‘level’ when forecast by sense implies forecast of market demand? Forecast OF ‘customer’/region /market demand’. Can’t the supply plan determine where to supply from? Esp. in a million-dollar software used by two and a half guys in the company? Answer IF there are multiple...
Decision Sciences or Management Science was an evolved discipline. Since 1950’s. Its just that the lingua franca of the same is now finding more acceptance in the world of corporations. 20 years ago, a bachelor’s grad in Statistics was unemployable. Now most of them have multiple job offers. Only 10 years ago, ‘average’ IT consultants...
Supply Chain Contracts have been reasonably well documented in academic literature. Some of them are also well understood and implemented too by large companies in some form or fashion. From as basic as VMI agreements, price contracts, value contracts, volume contracts, capacity contracts etc. to as advanced as revenue sharing contracts and buy back contracts....
Supply Chain Free Consulting – Pray for Shortages. (As a Business). – Even If there is no Shortage, create shortage. – You do not have to deliver on time. Just settle against option or cash payment. – Have the state engineer a policy in ‘national’ interest’. (e.g. Taxes on Imports from a particular source –...
Supply Chain Free Consulting Should I have fixed price Transporation contracts? Should I seek transportation services from open market? Four things here 1) Where are you based? 2) What’s the competition for the cargo? 3) Are you big enough to dictate terms? 4) Can you guarantee cargo on a daily basis? First one is particularly...
Supply Chain Free Consulting Why ‘value’ demand forecast at a warehouse/factory ‘level’ when forecast by sense implies forecast of market demand? Forecast OF ‘customer’/region /market demand’. Can’t the supply plan determine where to supply from? Esp. in a million-dollar software used by two and a half guys in the company? Answer IF there are multiple...
Dashboards, Control Towers, Cockpits, Scorecards, Control Panels, Visibility. Every Manager fancies one. Rightfully. Given the current App economy that has made life so easy for so many of us in so many ways. A Control Tower App can be so empowering. Esp. if you get to know just about everything you need to know at...
