The Beer Game – Supply Chain Management

 inventory, JIT, Supply Chain  Comments Off on The Beer Game – Supply Chain Management
Oct 172017
 
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The Beer Game

Professors Brad Morrison, Jim Hines, and Paulo Gonçalves teach their organizational behavior and supply chain management classes how to play the beer game.

 

Here are some other great business videos.

 

Robot army helps run warehouses. 12k views.

 Internet of Things, inventory, Logistics, Supply Chain, Technology  Comments Off on Robot army helps run warehouses. 12k views.
May 272017
 
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The future of warehouses may be one with fast shipments and few human employees if robots like Kiva Systems continue to invade the workplace.

Quotes from Amazon CEO Jeff Bezos

  • “If your customer base is aging with you, then eventually you are going to become obsolete or irrelevant. You need to be constantly figuring out who are your new customers and what are you doing to stay forever young.” ~ Jeff Bezos, CEO Amazon
  • “The most important single thing is to focus obsessively on the customer. Our goal is to be earth’s most customer-centric company.” ~ Jeff Bezos
  • “We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better.”  ~ Jeff Bezos

Other videos you may find interesting

Understanding and Optimizing Inventory in Supply Chains

 inventory, Supply Chain  Comments Off on Understanding and Optimizing Inventory in Supply Chains
Apr 032017
 
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From youtube.com: Supply chain management and logistics encompasses all the activities involved in getting products to consumers including planning, storing, moving, and accounting for inventory. Inventory availability is the most important aspect of customer service, and the cost of inventory is one of the most important entries on a company’s balance sheet. The webinar discussed maintaining levels of inventory necessary to provide customer service while minimizing inventory resulting from poor supply chain management.

Other videos you may find interesting.

Optimizing Inventory

Vendor Managed Inventory (VMI): Three Keys to Success

 inventory, manufacturing  Comments Off on Vendor Managed Inventory (VMI): Three Keys to Success
Apr 032017
 
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Vendor Managed Inventory (VMI) is a brilliant concept in theory. In reality, few companies are able to achieve its full potential and create that mutually beneficial relationship between customer and supplier. In this video we share three keys to making VMI a truly win-win scenario, achieving and maintaining the optimal availability of inventory at the lowest possible costs.

Other videos you may find interesting.

vendor managed inventory supply chain

SAP MM Training 1 – Introduction to ERP and SAP MM

 inventory, manufacturing, Material Handling, sap, Supply Chain, Technology  Comments Off on SAP MM Training 1 – Introduction to ERP and SAP MM
Aug 122016
 
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SAP MM Training – Supply Chain

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Supply Chain Master: Professor Hau Lee on the bullwhip effect.

 inventory, manufacturing, Supply Chain  Comments Off on Supply Chain Master: Professor Hau Lee on the bullwhip effect.
Apr 252016
 
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The Bullwhip Effect

Professor Hau Lee (Stanford University) talks about his research in supply chain management and how the Bullwhip Effect influences distribution chains. Lee describes industry trends and emerging markets.

The bullwhip effect can cause major disruptions in the supply chain.  The bullwhip effect is a very simple concept that can cause major issues throughout the supply chain.  Below you will find videos on the Beer Game.  Simple game that explains the bullwhip effect.

Supply Chain and Inventory Management Training.

“Bullwhip Effect: Shifts in customer demand are magnified the farther you move up the supply chain.  This leads to large fluctuations in inventory.” ~EverythingSupplyChain.com.

bullwhip effect

“Make inventory a common enemy for your company.” ~Dave Waters

bullwhip effect inventory management

Supply Chain and the bullwhip effect

Introduction to Theory of Constraints – Supply Chain Concept

 inventory, JIT, manufacturing, Supply Chain  Comments Off on Introduction to Theory of Constraints – Supply Chain Concept
Mar 132016
 
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Theory of Constraints (TOC)

Theory of Constraints (TOC) is an overall management philosophy introduced by Dr. Eliyahu M. Goldratt in his 1984 book titled The Goal, that is geared to help organizations continually achieve their goal.[1] The title comes from the contention that any manageable system is limited in achieving more of its goal by a very small number of constraints, and that there is always at least one constraint. The TOC process seeks to identify the constraint and restructure the rest of the organization around it, through the use of the Five Focusing Steps.  Visit this LinkedIn post for further discussion on Theory of Constraints.

  • “I think frugality drives innovation, just like other constraints do. One of the only ways to get out of a tight box is to invent your way out.” ~ Jeff Bezos
  • “To invent, you need a good imagination and a pile of junk.” ~ Thomas Edison
  • “Creativity doesn’t just love constraints; it thrives under them.” ~ David Burkus
  • “It always seems impossible until it’s done.” ~ Nelson Mandela
  • “Innovation is the act that endows resources with a new capacity to create wealth.” ~ Peter Drucker

Other videos you may find interesting.

theory constraints supply chain

The Goal by Eliyahu M. Goldratt – A Book Review

 book, inventory, Supply Chain  Comments Off on The Goal by Eliyahu M. Goldratt – A Book Review
Jan 262016
 
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Visit this LinkedIn post for further discussion on Theory of Constraints.

Managing Inventory Flows in the Supply Chain

 inventory, Supply Chain  Comments Off on Managing Inventory Flows in the Supply Chain
Dec 272015
 
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Managing Inventory Flows in the Supply Chain

Inventory Management Training.

 

managing inventory

How Amazon Receives Your Inventory

 Company, distribution center, inventory, Logistics, Supply Chain  Comments Off on How Amazon Receives Your Inventory
Dec 182015
 
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Take a tour of an Amazon fulfillment center and see how our Associates receive your inventory from your inbound shipments. You will also learn what happens when your shipments are missing vital prep, labels or packaging or are otherwise not e-Commerce ready.

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