OPS 571 Week 3 DQ 8 -
I love the examples put forth in the text here. The UPS approach is pretty easy to wrap your arms around; cut out the middle man; i.e. warehousing. Shipping and receiving has really evolved over the past few years. At my company, we typically receive equipment and supplies straight from the manufacturer. I have noticed that I typically have to wait for the more sensitive instruments, but the more regularly used items and supplies come rather quickly.
Heineken utilizes a distribution evolution and more accurate forecasting to reduce their inventory systems by 60-70%. Pretty impressive! It goes to show that you need to be in tune with your customer's needs in order to maximize inventory efficiency.
Class: What kinds of issues do you as a consumer come across that is directly related to inventory control? What can be done about these issues?