General Discussion
In reply to the discussion: What happens if our leaders "open up" the economy and nobody comes? [View all]ProfessorGAC
(64,413 posts)But, was managed pretty well. Very well in bulk shipments, just OK in packaged goods. (55 gallon drums & 2,000# minibulk)
But, even when I helped out by running statistical reviews of their historical operations, I never saw anything egregious like a safety stock of one pallet, or 10% of a bulk tank. Still, people put projects into the cost optimization database doing that. Saving pennies. People spending 10% of their time for a year to save $8,000.
At least those didn't trigger bonuses!
But, aside from some special formulated products that had very tricky phase behavior, and super difficult products, I recall no panic over inventory depletion.
I know I'm beating this drum but the problem is people not able to grasp the whole picture when they start assigning inventory levels.