Supply shortages resulting in empty shelves or parking lots of WIP inventory represent a spectre causing supply chain leaders to reconsider supply chain inventory practices. Opinion of just-in-time (JIT) as a practice has taken a battering and inventory is rising. Calls are increasing for a return to just-in-case (JIC) policies, with some citing this trend …
Inflation’s effects on inventory management policies are likely far from top of the mind of Logistics Viewpoints readers in today’s challenging times. However, today’s elevated rate of inflation warrants a closer look at optimal inventory policies. Earlier this month my colleagues and I published our 2022 Supply Chain Predications. One of my predictions within that …
Anyone else fascinated by the TV show, “Formula 1: Drive to Survive” on Netflix? I am. And it’s not because I’m a race fan (I’m not). I am drawn to the scale of the Formula 1 racing circuit. It’s amazing. The drivers’ skills are unworldly. They are all best in class with some better than …