Recently it occurred to me that what we need to do in inventory optimization is to follow the example of James Bond. No, I don’t mean that you should blow up the warehouse or exercise a license to kill (although killing off excess inventory is a good idea). I mean that we should operate from a clear vision and be adaptable as we progress towards that vision. Consider the plot a typical James Bond (JB) movie. A ‘bad guy’ (it always seems to be a guy) plans something that threatens the safety of the world, JB is tasked with finding out who/what/how/when and then stopping it from happening. The vision and the measure of success are crystal clear. Along the way, JB’s initial plan doesn’t work out and he needs to go to plan B, plan C, and plan D. As things crop up he just deals with them until he succeeds.
Let’s translate that into inventory optimization.
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