General

Following last month’s post, I’ll discuss the merits of selecting the best planning policies and review the concept and value of economic metrics. Clearly, all inventory systems contain many uncertainties, and these require a probability distribution of demand for items that can be replenished at either a certain level or point in time.  Actually, it […]

For most companies supplying technical products to their market (i.e., non-perishable, and non-consumable), becoming circular can means that, someday, close to 100% of their products may need to come back.  Now, any supply chain leader would almost instantly come to realise that their operations are just not set up for that.  While most companies would […]