Raw material
There's another little story that meshes nicely with my last post about reduced inventory levels. The production manager came to me worried about Candleliers. The level of inventory was worrisome to him since getting more tubing takes 8-10 weeks. He said we should order more immediately. I told him that while I certainly didn't want to run out, I also didn't want to order any sooner than necessary (with some buffer for all the uncertainties). He went back and did a more thorough inventory. Now he tells me we can order in July for delivery in September, and we'll be fine! That's great! He has been accustomed to ordering based on his gut feel for inventory levels. Not only did have I provided him with more supply information (like what the computer shows as the inventory level) but I've also given him demand data for the last few years so he knows how long the existing inventory will last. He's taken this information and run with it!
On another note, the rumour mill says another MIT/Boeing friend has left the company to pursue an opportunity in a small business. I look forward to hearing more.
On another note, the rumour mill says another MIT/Boeing friend has left the company to pursue an opportunity in a small business. I look forward to hearing more.
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