{"id":536,"date":"2018-03-26T21:32:24","date_gmt":"2018-03-27T01:32:24","guid":{"rendered":"http:\/\/blog.richmond.edu\/mgmt340-05\/?p=536"},"modified":"2018-03-26T21:32:24","modified_gmt":"2018-03-27T01:32:24","slug":"a-personal-story-texas-de-brazil-and-sc-inventory-management-concepts","status":"publish","type":"post","link":"https:\/\/blog.richmond.edu\/mgmt340-05\/2018\/03\/26\/a-personal-story-texas-de-brazil-and-sc-inventory-management-concepts\/","title":{"rendered":"A Personal Story: Texas de Brazil and SC Inventory Management Concepts"},"content":{"rendered":"

In the last few classes, we have been discussing lean systems, forecasting, and supply chain inventory management. Since the last class, I had been thinking about what I was going to write on regarding these topics. I obviously wanted to avoid the companies and\/or articles that have since been banned (i.e Walmart, Tesla, etc.). This week I chose to focus on supply chain inventory management but could not seem to find a proper business\/article to focus on. So, I had been thinking about what to do. However, last night I happened to go to dinner with my roommate and his father at Texas de Brazil. For those of you who do not know, Texas de Brazil is a Brazilian style steakhouse that serves as much meat as you would like for a flat charge. Additionally, patrons are provided with a salad bar that contains many delicacies that make for a wholesome meal. You can read more about the company here: https:\/\/texasdebrazil.com\/about\/<\/a><\/p>\n

As we were eating dinner, the conversation came up regarding the lean techniques of the company. We debated if it was more efficient to continuously serve small portions to restaurant goers or if plating individual meals like a traditional eatery was the way to go. Ultimately, we determined that waste is managed better within a business model such as Texas de Brazil\u2019s. That said, it got me thinking about the inventory management practices that are in place at Texas de Brazil.<\/p>\n

So, though I could not find much information on what exactly Texas de Brazil focuses on within their inventory management, I wanted to look at some outside information relating to improving inventory management that may relate to Texas de Brazil. In doing so, I came across this study by CSCO Insights that leads into 5 methods for actually improving inventory management: http:\/\/www.scdigest.com\/assets\/reps\/exec_brief_network_inventories.pdf<\/a>. At the core of this study is the notion that \u201ceffective inventory management is at the core of supply chain management excellence.\u201d Following surveying and studying different companies, CSCO determined methods for improving inventory management practices.<\/p>\n

CSCO recommends that to improve processes in supply chain inventory management companies should follow these five strategies:<\/p>\n

    \n
  1. Get Much More Granular with Safety Stock Management.<\/li>\n
  2. Add Inventory Planning to the S&OP Process<\/li>\n
  3. Make Regular Use of Supply Chain Network Optimization Tools for Tactical Planning<\/li>\n
  4. Consider Distributed Order Management Tools to Manage Multi-Channel Complexity and Reduce Inventories<\/li>\n
  5. Step Up to Inventory Optimization Software<\/li>\n<\/ol>\n

    If you\u2019d like, I encourage that you read over these steps at the link above. These seem to be a wholesome look at improving supply chain inventory management across your organization. Though all of these strategies may not apply to Texas de Brazil, one can see how they may relate. Assessing your safety stock would be very important for this type of operation, inventory planning would remain crucial, and tactical planning of supply chain optimization remains equally as important. What do you guys think? Where can you see the similarities between the aforementioned strategies and experiences within companies that you have had?<\/p>\n","protected":false},"excerpt":{"rendered":"

    In the last few classes, we have been discussing lean systems, forecasting, and supply chain inventory management. Since the last<\/p>\n","protected":false},"author":3734,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[71165],"tags":[],"class_list":["post-536","post","type-post","status-publish","format-standard","hentry","category-managing-sc-inventory-sop"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/posts\/536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/users\/3734"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/comments?post=536"}],"version-history":[{"count":0,"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/posts\/536\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/media?parent=536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/categories?post=536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.richmond.edu\/mgmt340-05\/wp-json\/wp\/v2\/tags?post=536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}