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© 2007-2010 Tim Lovelock
I’m not giving away any secrets in this post. Material Planning professionals all know that the key to on-time delivery performance is to extend supply chain visibility as far as possible. This is the key to Sales & Operations Planning, but if your company does not have a robust S&OP process, you can still close this loop by inserting yourself and the planning organization in the sales pursuit.
I’ve been involved early in the sales pursuit process several times, as well as had products/programs “thrown over the transom” as they say. I have a simple process I follow to manage the material planning function on those programs where I’ve been involved early. I follow the same process on those “over the transom” programs to place the challenge into perspective for management and the program team so recovery decisions can be made as appropriate. Here it is in a simplified flow chart:
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In it’s entry on Safety Stock, Wikipedia states that some of the more common reasons for safety stock include:
# Supplier may deliver their product late or not at all
# The warehouse may be on strike
# A number of items at the warehouse may be of poor quality and replacements are still on order
# A competitor may be sold out on a product, which is increasing the demand for your products
# Random demand (in reality, random events occur)
# Machinery Breakdown
# Unexpected increase in demand
There are many reasons and methods for calculating safety stock,
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In the coming weeks (months?), I will be putting a significant portion of my time into my job search. When I joined this company, I hoped to leverage my current position into a more significant role. Unfortunately, the company is not growing at a rate that would make this likely at any point in the future.
So, I am currently UNDERemployed in a company with stagnant growth. In fact, I have little work to do during a typical day. I yearn for challenges that will allow me to showcase my management, analytical, and problem-solving abilities. I would love to stay in manufacturing, but I believe my talents work well in other industries and the challenge of proving my case would be most welcome.
My specific experience includes:
- Market Research, Analysis, & Communications for major electronics manufacturers in the Aerospace & Defense industry.
- Supply Chain Management, Materials Management, Inventory Analysis & Control, and Production Control for electronics manufacturers.
- Direct sales experience at the retail and consulting levels.
Please see my Resumes page for html and pdf versions of my resume. Any job leads would be appreciated.
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