One of our major healthcare clients recently asked me to address two questions for their organization. The first is based on a statement I make in my books and seminars. "People only successfully implement what they design themselves." The question is, if the statement is true, why is that the case. The second question is based on another statement I make in my books and seminars related to inventory. "The goal of supply chains is not to minimize inventory, but to optimize inventory." In our experience helping many clients optimize inventory levels, the answer is often to increase inventory levels to improve business and supply chain performance. The question is, when and why is it optimal to increase inventory levels.
Copyright: Edward H. Frazelle, Ph.D. and RightChain Incorporated