Edward
Hi All,
Because of uncertainty in demand and the need to stay lean, companies are carrying smaller inventories than ever. At the same time, uncertainty in supply, driven by wildly changing commodity prices, an apparent increase in weather-related disruptions, and increasing competition for raw materials makes supply chain planning more challenging than ever. Smaller suppliers that, five years after the global financial crisis, still struggle to get the credit they need to keep up with their larger customers’ demand exacerbates an already unwieldy situation.
What is the best way to develop a supply-chain strategy that not only ensures the lowest costs, but also minimizes the risk of crippling supply-chain disruptions?
To be honest, there are a number of things you need to do
With DDMRP you will see levels of excess inventory diminish, shortages eliminated resulting in lower overall inventories. In addition, lead times will reduce through placement of strategic inventory resulting in significantly improved customer service.