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Stick with Your Concept but Do Your Homework
- December 25, 2015
- Posted by: admin
- Category: Economics
With hundreds of medications in the market, Pharm Ltd. needed a proper method to predict and manage their inventory. Using a mean absolute percentage analysis (MAPE), the teams defined appropriate levels for raw materials and finished products by mapping.
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“I was a bit nervous about implementing something new in our supply chain. But when I saw how we were able to add in our forms to Load Verify, I felt more confident. Since implementing our new process, our reported losses have gone down by 50%.”
A Supply Chain Owner from Houston, TexasA Supply Chain Owner from Houston, Texas,