Audio Podcast
Planning Under Uncertainty. It’s A New World for Supply Chain Planners
Recording Date
April 19, 2022
Duration
00:43:39 hrs/min/sec
By Bob Trebilcock ·
April 19, 2022
Unplanned events and disruptions have always been a fact of life for forecasters and planners. But episodes like a factory fire, a hurricane or a flood were local to a geography and limited in duration. If a hurricane hits the East Coast, you know it’s going to shut things down in that region for a few days, but then things will begin to get back to normal. You can even shift production or distribution to another region to cover your bases. More importantly, planners have historical records they can turn to in order to estimate the impact on the supply chain from that kind of event.
That has not been the case over the last couple of years. Shift production? Where are you going to go when the whole world is on lockdown? Time limited? Who knew how long the pandemic was going to last? And, most important, there is no historical reference for what we’ve lived through. In other words, these are uncertain times.
On this episode of Talking Supply Chain, Larry Lapide, one of the leading authorities on planning and forecasting, discusses why we need a different approach to planning and forecasting. He also discusses why S&OP, while still valuable for the long-term, isn’t up to the task of making quick decisions for the short term.
Be sure to listen wherever you get your podcast.
April 19, 2022
Supply Chain Management Review’s podcast is part of the Supply Chain 24/7 Podcast channel.
Subscribe via iTunes or Google Podcasts.
Subscribe via RSS or download an MP3 or media file (right click).
About the Author
Bob Trebilcock
Bob Trebilcock, editorial director, has covered materials handling, technology, logistics and supply chain topics for nearly 30 years. In addition to Supply Chain Management Review, he is also Executive Editor of Modern Materials Handling. A graduate of Bowling Green State University, Trebilcock lives in Keene, NH. He can be reached at 603-357-0484.
Subscribe to Supply Chain Management Review Magazine!
Subscribe today. Don’t Miss Out!
Get in-depth coverage from industry experts with proven techniques for cutting supply chain costs and case studies in supply chain best practices.
Start Your Subscription Today!
