bigbyte kicked off the sessions on Wednesday morning with a presentation on how to implement a 'Model of Effective Materials Planning'. The Model includes the four pillars of
- Prioritized Portfolio Management
- Automated and Periodic Policy Setting
- Intelligent Exception Monitoring
- Sustainable Inventory Optimization
If executed within clearly defined performance boundaries, using a policy playbook and a trained and competent Materials Planner, one should experience high service levels, low inventory holding cost and short cycle times. One particularly important statement was displayed on a single slide: "This is where the magic happens"