Tag Archive for: Lead Time Variance

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Four Common Inventory Issues – Which Do You Want To Fix?

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You experience inventory issues on a regular basis – Out of Stocks, Overstocks, Bumpy Cash Flow, and Lost Sales, happen in your retail business, some weeks have a multitude of these issues at the same time. What is the solution, is there a single answer or at least a solution that solves a large percent of the problems? What about Inventory Optimization?

  • Out of Stocks – Supply Chain Issues
  • Overstocks – Operation Problems
  • Bumpy Cash Flow – Planning & Finance
  • Lost Sales – Customer Service Issues
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LeadTime and Seasonality: Top 5 Replenishment Blogs of Summer

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Hottest Summer Topics of 2013: LeadTime and Seasonality

LeadTime, Lead Time Forecasting and Seasonality /Market Trends are the top interest blogs (stories) from Summer 2013. Based on the number of blog viewers and average time each viewer spent on each page, the following five blogs are 3-1 favorites from Summer 2013. These blogs indicate the key areas that companies want to improve going into the key fall sales season in 2013.

 

LeadTime and Lead Time Forecasting Do’s and Don’ts

LeadTime and Lead Time Forecasting (LT) are critical in the supply chain today. Tracking lead time variance and vendor fill rates may make a nice report; but reports don’t help you manage product service levels. We have customers who grew their gross margin over a million dollars from implementing our Lead Time Forecasting module; the ROI from effective Lead Time Forecasting is huge. While knowing when lead times change is important, most of you agree that how you use your lead time variance and fill rate (you are tracking lead time variance and fill rates right?) to improve your product/location service attained is the real goal in your supply chain
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Could #Sharknado be Chewing Up Your Lead Time ?

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This is an excerpt from,” Did Sharknado Chew Up All Your Lead Time?”,” found in the August 2013 edition of Retail Value Chain Federation’s monthly newsletter, RVCF Link. To see the article in its entirety: RVCF LINK. It is part of an ongoing 5 part series on Demand Forecasting and Inventory Replenishment.

Lead Time is a large factor in your supply chain performance. Like a shark chewing voraciously, Lead Time variance chews up profits in multiple ways. A shorter than expected lead time causes overstocks with additional carrying costs, theft, and potential damage issues. A longer than expected lead time creates out of stock service issues or additional product and freight costs and devours customer opinions and bottom line profits.

Poor lead time performance also “chums” your supply chain with a barrage of activity; e-mails, phone calls, and impromptu meetings drain organizational energy and productivity while increasing stress levels.
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