Executive Summary Dynamic safety stock in ERP and external supply planning systems is commonly desired to be activated by companies. Extensive testing and observations illustrate that the standard dynamic safety stock calculation is incorrect. In this article, we cover many topics around dynamic safety stock. Introduction to Dynamic Safety Stock This article covers the topic…
Executive Summary Companies maintain private fleets and they have important advantages. The largest private fleets are concentrated in specific areas. Specific areas of logistics are more prone to outsourcing. Private fleets are shrinking. Interestingly, outsourced transportation is highly promoted while it is infrequent to promote private fleets. Introduction to the Overestimation of 3PL vs Private…
References The complete list for the book “Supply Chain Forecasting Software.” ____________________________ Anbarci, Nejat, and Jungmin Lee, “Economic Bias of Weather Forecasting: A Spatial Modeling Approach,” Deakin University, 2008 Answering the Sales Forecasting Challenge for Manufacturers, Right90 Armstrong, J. Scott, “Forecasting by Extrapolation: Conclusions of 25 Years of Research,” University of Pennsylvania, Published in Interfaces,…
References The complete list for the book “Supply Planning with MRP/DRP and APS Software” _____________________________ Abraham, Ajit and Goldberg, Robert. Evolutionary Multiobjective Optimization: Theoretical Advances and Applications (Advanced Information and Knowledge Processing). Springer. 2005 Baker, Kenneth. Optimization Modeling with Spreadsheets. Wiley, 2011. Bazara, Mokhtar S. and John J. Jarvis. Linear Programming and Network Flows. 4th…
References The complete list for the book “Inventory Optimization and Multi Echelon Planning Software.” ___________________________________ Abell, John B., Louis W. Miller, Curtis E. Neumann, and Judith E. Payne. DRIVE (Distribution and Repair in Variable Environments). RAND Corporation, 1992. Berners-Lee, Tim. Weaving the Web: The Original Design and Ultimate Destiny of the World Wide Web. New…
MRP, DRP, Heuristic, Allocation and Optimization Supply Chain Software Vendor Profiles The following supply chain enterprise software vendors are showcased in the Brightwork Research & Analysis supply chain planning book “Supply Planning with MRP/DRP and APS Software.” Each of the vendors makes more than just software that creates the supply plan, however, this book showcases…
Profiles Vendors showcased in the book “Inventory Optimization and Multi Echelon Software.” ToolsGroup ToolsGroup offers unique probability-based supply chain planning (SCP) and inventory optimization solutions that allow companies to master even large, heterogeneous, or demanding supply chains. On the demand side, they incorporate best-of-breed demand modeling, order frequency forecasting, and demand–sensing technology. On the supply…
Profiles The following vendors are showcased in the Brightwork Research & Analysis book on forecasting. Demand Works Demand Works is a best-of-breed demand and supply-planning vendor that emphasizes flexible and easy-to-configure solutions. This book only focuses on the supply planning functionality within their Smoothie product, which includes MRP and DRP. https://www.demandworks.com JDA JDA was started…
Executive Summary Historical adjustment is necessary to produce a forecast that matches with the desired adjustments. We cover historical adjustment in SAP DP and Demand Works Smoothie. Introduction Forecasting is not performed upon exactly what happened in the past. This is because companies are constantly in flux with regards to their products, and therefore some…
Executive Summary Forecast bias is distinct from forecast error and is one of the most important keys to improving forecast accuracy. Reducing bias means reducing the forecast input from biased sources. A test case study of how bias was accounted for at the UK Department of Transportation. *This article has been significantly updated as of…