You must attend, because... In today’s volatile and complex operations and supply chain scenarios conventional planning, materials management and unit cost centric rules and metrics impede product and cash flow and ultimately compromise ROI performance. Forecast error and outmoded MRP rules and tools have become major sources of variation in supply chains fueling the “Bullwhip Effect” and eroding performance.
This workshops is a unique opportunity with a focus on implementation experience and sharing of learnings and developments gained in a long series of DDMRP projects: pitfalls, challenges, obstacles and how to overcome them. There is sufficient time to address your specific questions in an active dialogue. Learn practical hints about how to implement DDMRP in your organization!
Do you invest more and more in forecasting without achieving a real improvement?
Are you facing frequent out-of-stock situations or are you paying with overstock for 100% service level?
What is your cost of discounting overstocked, near obsolete, or slow moving items?
Stock-outs have significant impacts on financial performance and customer satisfaction for retailers and suppliers. A typical retailer loses about 4 % of sales due to out-of-stocks. These damage effectiveness and expected return of promotions, and distort the true store demand picture. Thus forecasting, category management and related efforts are more difficult and less accurate and effective. Out-of-stocks in retail also increase overall costs for the suppliers.
On the other hand, retailers and their suppliers also suffer from excess inventories of the wrong items.
The traditional inventory planning and management techniques and practices are the true root cause of the serious pains of most retailers and their suppliers throughout the world: lost sales and negative brand perception due to stock-outs and real risky profit cuts due to excess inventories.
Those techniques and practices are based on the classic “Push and Promote” methodologies that rely heavily on forecasts which are seldom accurate. This creates the typical and legendary bimodal inventory distribution: “too much of the wrong stuff and too little of the right stuff”. Almost all professionals in the retail business supply chain are suffering from and struggling with these common effects.
Today’s volatile and complex environment calls for a fundamentally different answer to the challenges of supply chain planning and execution.
This workshop revisits common supply chain problems in a wider retail environment (including producers of consumer goods, wholesalers, and distributors) and shows how Demand Driven principles, methodologies and applications overcome these root causes. Discover how you can raise your retail and retail supply to entirely new levels of supply chain performance.
Companies that adopt DDMRP achieve impressive, substantial improvements in service level, with shorter lead times, and higher sales; while releasing working capital through lower inventory levels.
Companies that adopt DDMRP achieve impressive, substantial improvements in service level (up to 100%), with (up to 85%) shorter lead times and higher sales; while releasing working capital through lower inventory levels (often over 50% drop).
David Poveda is a globally recognized Supply Chain expert and the Director of Flowing Consultoria. He is a DDMRP instructor and Civil Engineer with an M.Sc. in Project Management (University of British Columbia) with extensive ecperience in DDMRP including 16 projects in several industries: retail, fashion, FMCG, pharamceuticals, manufacturing.
David´s original developments in DDMRP-based retail have been presented at MIT and supply chain conferences across the globe. His findings are published as an appendix to books by the founders of DDMRP, Carol Ptak and Chad Smith. Other original developments in DDMRP include product portfolio management, and new product launching. This workshop is a unique opportunity to learn from his experience and developments.
This workshop is a unique opportunity to learn from his experience and developments
Co-presenting will be Christoph Lenhartz, Managing Director of Catena Strategies, a leading European expert on Supply Chain and operations management incl. DDMRP. As a CDDP and CDDL instructor and DDI Master Instructor he is actively promoting DDMRP worldwide.
Chairman of the seminar is Leo Lauramaa, M.Sc. (econ), Kukonaskel Oy and Catena Strategies.