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Precisely Wrong: Why Conventional Planning Systems Fail

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Description

Overview

At the heart of most supply chains lies a planning tool called Material Requirements Planning (MRP). Invented in the 1950s, codifed in the 1960s and commercialized in the 1970s, MRP became THE way of life for supply order generation and synchronization all over the world. Yet the people that interact with MRP on a regular basis know that something is very Incorrect. They will not be able to provide an explanation for exactly why, but they know that if they did exactly what MRP told them to do, it would have disastrous consequences for their company and their career.

What if there was one fatal flaw in MRP that makes it distort the relevant information that planners, companies, and supply chains are desperately seeking? What if correcting this one fatal flaw would allow the promise of MRP to be attained and the bullwhip to be effectively mitigated? Precisely Incorrect: Why Conventional Planning Fails and How to Fix It is going to expose this fatal flaw and trace its affect to on a regular basis situations encountered by planners and buyers and the larger supply chain.

Additionally, an elegant solution to overcome this flaw will be revealed. Readers will walk away with a new depth of understanding about conventional planning systems and a list of things they are able to begin to implement the very next day.  This work goes beyond the planning mechanisms of an organization and shows a roadmap for all levels to drive adaptation, protect and promote the float of relevant information, and live to tell the tale and thrive in the today s complex and volatile environment.

Features

  • Provides an unique and simple view of the core problem underlying these systems, enabling a company to see a clear and relevant planning picture.
  • Gives companies an essential description of the most known and pervasive issue in supply chain called the bullwhip  effect , and how it relates to the core problem.

For more information, videos, and more, visit the official

Precisely Wrong website at preciselywrong.com.
 


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