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KNOWLEDGE LIBRARY

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27Jun

Warehouse Occupancy Percentage

Optimal storage utilization helps enforce healthy inventory management. In our early work with Honda their...

02Jun

Efficient Procurement Inventory

Efficient procurement inventory (EPI) is often required to realize steep discounts when a special opportunity...

02Jun

Inventory Carrying Rate

The inventory carrying rate (ICR) is the percent of the unit inventory value used to...

26Jun

Inventory Activity Profiling & Data Mining

Suppose you were sick and went to the doctor for a diagnosis and prescription.  When...

27Jun

Inventory Performance Measures

Inventory performance measures include financial, productivity , quality, and response time indicators for evaluating the efficiency and...

Dedicated Forecasting Organization

Establish forecasting as a separate functional area with individual accountabilities within the logistics organization!

If no one is held accountable for the forecast accuracy, as is often the case, the accuracy level will reflect the lack of accountability.   Some large U.S. corporations are creating dedicated forecasting organizations whose only evaluation criteria is the accuracy of the forecast.  The bonuses, promotions, and evaluations of the personnel in the organization depend on improvements in forecast accuracy.

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