Stocks are not in your control - Ep 157

Full transcript available: www.lokad.com/...
In this LokadTV eposide, Conor Doherty interviewed Joannes Vermorel on inventory planning misconceptions. Vermorel dismantled the fallacy that stock levels are a direct lever for client satisfaction and profitability. He argued that companies should focus on serving clients profitably, not on the illusion of stock control. Vermorel criticized simplistic inventory policies like min-max, stressing that stock levels are influenced by myriad factors beyond direct control. He advocated for prioritizing quality supply chain decisions over stock level targets, which often fail to account for dynamic business realities. The conversation highlighted the need for a nuanced approach to supply chain management, emphasizing decision control over uncontrollable outcomes.
00:00:00: Introduction of the idea
00:02:20: Stock level challenges and min-max policy
00:06:09: Supply chain control and decision-making
00:10:07: Replenishment strategies and supplier constraints
00:14:51: Inventory tracking evolution and decision roots
00:22:34: Perishable stock issues and B2B dynamics
00:30:02: Traditional supply chain method limitations
00:36:35: Decision-making metrics and executive summary
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[@gmplopes]

Fabulous! A must for Inventory Management teaching. Thank you!