Precisely Wrong: The Materials Planning Challenge in a Dynamic 21st Century
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What if there was one fatal flaw in MRP that makes it completely incapable of conveying relevant information? What if correcting this one fatal flaw allowed the promise of MRP to be attained? Join this webinar with expert speaker Carol Ptak,
who will describe what the real issue is and just how devastating the problem can be for supply chain management. This session will discuss how the flaw in MRP is not your fault and what you can do from your end to solve the problem.
Why Should You Attend
At the heart of most supply chains lies a planning tool called material requirements planning (MRP). Invented in the 1950s, codified in the 1960s and commercialized in the 1970s, MRP became the way of life for supply order generation and synchronization. What used to take teams of people weeks to plan could be done overnight with incredible precision. As products and supply chains became more complex, this precise synchronization capability seemed more valuable than ever and the potential seemed limitless.
Yet planners and buyers that interact with MRP every day know that something is very wrong. They may not be able to explain exactly why, but they know that if they did exactly what MRP told them to do, it would have disastrous consequences for their company and for their career. Hence, constant costly and error-prone workarounds and adjustments are made. Have we all been fooled? Was the promise of MRP only a mirage?
Why Should You Attend
At the heart of most supply chains lies a planning tool called material requirements planning (MRP). Invented in the 1950s, codified in the 1960s and commercialized in the 1970s, MRP became the way of life for supply order generation and synchronization. What used to take teams of people weeks to plan could be done overnight with incredible precision. As products and supply chains became more complex, this precise synchronization capability seemed more valuable than ever and the potential seemed limitless.
Yet planners and buyers that interact with MRP every day know that something is very wrong. They may not be able to explain exactly why, but they know that if they did exactly what MRP told them to do, it would have disastrous consequences for their company and for their career. Hence, constant costly and error-prone workarounds and adjustments are made. Have we all been fooled? Was the promise of MRP only a mirage?
Outline
Objectives of the Presentation
- Get evidence of the inherent planning problem
- Understand why flow is necessary
- Understand why relevant information and materials are distorted
- Learn what the core problem of the bullwhip effect is
- Explore what a proven revolutionary solution for the future is
Speaker/s
Instructor Profile:
Carol Ptak is currently a partner with the Demand Driven Institute (www.demanddriveninstitute.com) and was most recently at Pacific Lutheran University as Visiting Professor and Distinguished Executive in Residence. Previously, she was vice president and global industry executive for manufacturing and distribution industries at PeopleSoft where she developed the concept of demand driven manufacturing (DDM). Ms. Ptak spent four years at IBM Corporation culminating in the position of global SMB segment executive.
A leading authority in the use of ERP and Supply Chain tools to drive improved bottom line performance, Ms. Ptak's expertise is well grounded in four decades of practical experience as a successful practitioner, consultant and educator in manufacturing operations. Her pragmatic approach to complex issues and dynamic presentation style has her in high demand worldwide on the subject of how to leverage these tools and achieve sustainable success.
She holds an MBA from Rochester Institute of Technology and completed the EMPO program at Stanford University. Ms. Ptak is a frequent educator at the university level and presents at many key technical conferences around the world including South Africa, France, Israel, Australia, Ireland, the Netherlands and eleven APICS International conferences. She is the author of numerous articles and the books DDMRP (Industrial Press, 2016) and Orlicky's Material Requirements Planning 3/E (McGraw-Hill, 2011) with Chad Smith, in addition to MR and Beyond and ERP, Tools, Techniques and Applications for Integrating the Supply Chain, Theory H.O.W. with Harold Cavallaro, Necessary but not Sufficient with Dr. Eli Goldratt and Eli Schragenheim. Together with Dean Gilliam she updated Quantum Leap, originally written by John Constanza. Ms. Ptak has lent her name to the internationally coveted Ptak Prize for Supply Chain Excellence that is awarded annually by ISCEA (International Supply Chain Education Alliance.)
Ms. Ptak is certified through APICS at the fellow level (CFPIM) and was certified in Integrated Resource Management (CIRM) with the first group internationally. Ms. Ptak was the President and CEO of APICS, The Educational Society for Resource Management for the year 2000. Prior to her election as APICS President, she served on the Society in a variety of positions.
Carol Ptak currently makes her home on a working cattle ranch in the Pinal Mountains near Globe, AZ with her husband, Jim, her two dogs, three horses and the largest fold of purebred registered Scottish Highland cattle in Arizona.
Carol Ptak is currently a partner with the Demand Driven Institute (www.demanddriveninstitute.com) and was most recently at Pacific Lutheran University as Visiting Professor and Distinguished Executive in Residence. Previously, she was vice president and global industry executive for manufacturing and distribution industries at PeopleSoft where she developed the concept of demand driven manufacturing (DDM). Ms. Ptak spent four years at IBM Corporation culminating in the position of global SMB segment executive.
A leading authority in the use of ERP and Supply Chain tools to drive improved bottom line performance, Ms. Ptak's expertise is well grounded in four decades of practical experience as a successful practitioner, consultant and educator in manufacturing operations. Her pragmatic approach to complex issues and dynamic presentation style has her in high demand worldwide on the subject of how to leverage these tools and achieve sustainable success.
She holds an MBA from Rochester Institute of Technology and completed the EMPO program at Stanford University. Ms. Ptak is a frequent educator at the university level and presents at many key technical conferences around the world including South Africa, France, Israel, Australia, Ireland, the Netherlands and eleven APICS International conferences. She is the author of numerous articles and the books DDMRP (Industrial Press, 2016) and Orlicky's Material Requirements Planning 3/E (McGraw-Hill, 2011) with Chad Smith, in addition to MR and Beyond and ERP, Tools, Techniques and Applications for Integrating the Supply Chain, Theory H.O.W. with Harold Cavallaro, Necessary but not Sufficient with Dr. Eli Goldratt and Eli Schragenheim. Together with Dean Gilliam she updated Quantum Leap, originally written by John Constanza. Ms. Ptak has lent her name to the internationally coveted Ptak Prize for Supply Chain Excellence that is awarded annually by ISCEA (International Supply Chain Education Alliance.)
Ms. Ptak is certified through APICS at the fellow level (CFPIM) and was certified in Integrated Resource Management (CIRM) with the first group internationally. Ms. Ptak was the President and CEO of APICS, The Educational Society for Resource Management for the year 2000. Prior to her election as APICS President, she served on the Society in a variety of positions.
Carol Ptak currently makes her home on a working cattle ranch in the Pinal Mountains near Globe, AZ with her husband, Jim, her two dogs, three horses and the largest fold of purebred registered Scottish Highland cattle in Arizona.
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Professional training, in the essential quality disciplines, contributes to both the competitiveness of your business and also to personal motivation; it broadens the experience and accelerates the development of those who participate. We provide training in a number of ways: ...
Professional training, in the essential quality disciplines, contributes to both the competitiveness of your business and also to personal motivation; it broadens the experience and accelerates the development of those who participate. We provide training in a number of ways: ...
