To MRP or not to MRP?

"Everyone agrees that to reach a very high level of forecast accuracy is not possible. How much time, resources and budget do you finally want to invest in non-value adding forecasting information? Shouldn’t it be better for your company to invest in robust inventory...

“We all aim to optimize all kinds of aspects of our business, but we all also are aware it’s very challenging to put reality in an optimization model. Nevertheless, we require insights which enable us to prevent poor decision making. More than ever, variability has become a constant factor in our life whereby we still need to make the best decisions. The ability to carry out “what-if“ analysis that lead to a “best” setup of the supply chain is more and more appreciated. Simulation makes us better understand how various components interact with each other and how they affect overall supply chain performance.”

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