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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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The postponement strategy is based on the following two basic principles of demand forecasting. The accuracy of forecast demand decreases with an increase in the time horizon. The farther the time window for which the demand is… Have You Heard of Postponement Strategy in the Supply Chain?
Software is a necessity in all facets of business today, but people are needed to manage the software and ensure data integrity for accurate data output. People are your most important product. Use them to… Effective Use of Cross-functional Teams
Lean Management has been an area of increasing interest for Flevy customers. As of now, we have over 300 documents related to various Lean concepts and Vishnu Rayapeddi contributed close to 100 of these documents–with a focus on training series.… Flevy Author Spotlight: Our Interview with Lean Pioneer, Vishnu Rayapeddi
There are leading and lagging indicators in business. It is important that managers understand the difference between them and ensure they have both types of metrics to get an accurate picture of performance. However, there… 2 Types Of Performance Metrics Everyone Must Differentiate
Key performance indicators (KPIs) are measures of a company’s strengths and weaknesses of the business. They should be used in comparison to the external competition and internal customers to improve company’s economic standing. In Supply Chain,… Warehouse Key Performance Indicators
As manufacturers are reaping the benefits of Lean and Lean Six Sigma or other continuous improvement processes within their facilities, the importance of eliminating waste still hold sway. So the question now facing these manufacturers… Just-in-Time vs. Just-in-Case: An Inventory Dilemma
Here’s a little different tactic from the usual idea of reducing or eliminating wastes in a manufacturing process. How about gathering the waste from the other steps in a manufacturing process and using it to… The Art of Transforming Waste into Profit
The supply chains of most companies, large and small, exploit a world of opportunities. But, increasing global exposure comes with an increasing range of risks. These companies’ complex networks of suppliers and customers are as… Building Resilience into Supply Chains
Several training series have recently been published on Flevy on the management topics of Lean (Operational Excellence) and Organizational Excellence. These training series can be used for internal certification programs in organizations of all sizes.… Want to Train Your Staff on Lean and Organizational Excellence?
We recently had the opportunity to speak with the two co-founders of TheConsultantLounge.com, Laura Woodroof (picture on the right below) and Martina Segerer. TheConsultantLounge is an online and offline community for smart and passionate management consultants who were looking… Our Interview with the Co-founders of TheConsultantLounge, the One-stop Hub for Consultants
This is a guide to navigating Flevy to find the documents and other resources you need related to Business Operations. “Operations” is a broad, vague term. It can convey a lot of different meanings to different people.… Flevy’s Definitive Guide to Operations
Many of us have heard the old adage “What gets measured gets done.” Organisations are awash with KPIs–key performance indicators. Variously attributed to 19th Century UK Prime Minister Benjamin Disraeli and American author Mark Twain… How Top 1% Businesses Measure Their Success