Measuring Supply Chain Forecast Accuracy
Measuring Supply Chain Forecast Accuracy is usually done with Mean Absolute Percent Error or MAPE, the average of percentage errors. But there […]
Measuring Supply Chain Forecast Accuracy is usually done with Mean Absolute Percent Error or MAPE, the average of percentage errors. But there […]
A friend and colleague, Bill Bentley, writes about the use of professional certifications in the recruiting industry. I had a long talk […]
In the late 1800s, economist and avid gardener Vilfredo Pareto established that 80% of the land in Italy was owned by 20% […]
Here’s another example for “sizing the wheel” for a mixed model fixed repeating schedule. Given: Changeover Time = 100 minutes Available Production […]
Many business leaders fail to see the opportunities that an economic downturn provides. To take advantage of opportunities you first need to […]
Johann Carl Friedrich Gauss (1777-1855)Â seen here on a German 10 Deutsche Mark banknote was a mathematician, astronomer, scientist noted for least […]
1. Ownership Rule – the person who first detects the problem is responsible for finding the root cause of the problem. 2. […]
Recently read Edward R. Tufte’s The Cognitive Style of PowerPoint: Pitching Out Corrupts Within and initially dismissed his thesis as troglodyte. Now […]
When I first learned inventory planning the safety stock calculation math was rather simple. On top of the cycle stock (expected demand […]
Minitab is possibly the most widely used statistical software package in the Six Sigma world. Our friend Bill Bentley has just announced […]
A critical component of any successful Six Sigma project is to overcome resistance to change. The reason: without acceptance, any process improvement […]
Supply chain management was designed to take waste out of supply chains-waste as to excess inventory, time and cost. Supply chains are […]