“That’s the best we can do for forecast accuracy - and this is really overfitting it”“Ok then. I guess we’re all getting fired”It was late 2017, in less than a year we would be delivering thousands of Model 3s every week - with a very clear objective of no inventory build up or excess wait times for …
Food rots while apparel goes out of style - a simple difference that drives totally different inventory planning needs. For planners who cut their teeth in apparel before joining food & beverage companies, the shift can be jarring. The Advantages: Relatively Stable Demand. People gotta eat! Aggregate F&B demand is more consistent with replenishment/subscription models rather than …
For most companies, inventory management starts simple - a few spreadsheets to track stock levels and do basic forecasting. But as your business grows more complex, maintaining those worksheets becomes a full-time job (in addition to everything else your team is doing!) Here are 7 signs it may be time to graduate to a dedicated supply planning …