Episodes
Wednesday Nov 24, 2021
The Bullwhip Effect and How to Manage It
Wednesday Nov 24, 2021
Wednesday Nov 24, 2021
The bullwhip effect is a supply chain phenomenon related to sudden changes in demand signals, when a slight movement in demand can cause large swings throughout the supply chain. To avoid a destructive “whip crack” at the end, companies need to be prepared to mitigate the effect.
You can learn more about it from this episode or read the article here.
Wednesday Nov 17, 2021
What Is Lot Tracking and How to Use It?
Wednesday Nov 17, 2021
Wednesday Nov 17, 2021
Lot tracking, also known as batch tracking, is an important process for ensuring quality, most commonly for traceability and recall purposes. It is a crucial part of doing business in highly regulated industries, but it has its advantages regardless of the product.
Wednesday Nov 10, 2021
What Is Vendor-Managed Inventory (VMI) and How to Use It?
Wednesday Nov 10, 2021
Wednesday Nov 10, 2021
Vendor-managed inventory is a supply chain management method wherein a supplier is responsible for replenishing the inventory of the buying company. This approach can lead to better inventory optimization, reduced costs, and stronger relationships between companies.
You can learn more about it from this episode or read the article here.
Wednesday Nov 03, 2021
What Is Batch Production and What Are Its Advantages?
Wednesday Nov 03, 2021
Wednesday Nov 03, 2021
Batch production is a type of manufacturing process where products are made in batches, meaning that goods go through production steps in groups. Batch production allows for manufacturing goods flexibly in large quantities while reducing manufacturing costs and improving quality.
You can learn more about it from this episode or read the article here.