Looking at the world from the lens of Logic & Data, particularly about Economy, Geo-politics & Supply Chains
Safety Stock is a much used and sometimes misunderstood word among Supply Chain professionals. The misunderstanding often stems from the fact that different companies have very different Inventory management practices and often use different terminologies. This is a brief post to dispel some of the more common mistakes we make while dealing with this topic. …
Continue reading “Safety Stock Demystified: A Practical Guide For Planners”
Let’s start with a story! In a large temple, devotees from neighboring villages gathered each day to offer prayers. It had a grand idol, a knowledgeable priest, great bhajan singers, beautiful gardens and fragrant flowers, filling the temple premise with a mesmerizing aroma. Every evening, the temple would be lit beautifully, and the flames of …
Netflix – Squid Games is a remarkably engaging series. World of Supply chain is also quite fascinating. This is a world where math (probabilities, theoretical distributions, optimizations, statistics etc) is mixed with emotions (shortage gaming, bull-whip effect, psychological sales targets & supply commitments etc) in real time and hence while managing supply chains is not …
Continue reading “3 Lessons from Squid Games for Supply Chains:”