Shane Conroy

Background

About Shane Conroy

Working on inventory optimization with asset owner operators & service providers in the energy sector and with automotive aftermarket players to find the right financial and risk tradeoff between downtime risks and wasteful inventory. How do you forecast & make decisions so that you have the right inventory level at the right time, in the right place? Well, the perfect forecast does not exist. What is going to happen tomorrow? Your guess is as good as mine, so why ignore this uncertainty when making purchasing, dispatch or production decisions? Financial losses are concentrated in the extreme disruptions to demand and lead times, but inventory planning is usually based on averages. For lack of another way to adjust for these risks companies tend to hold an excessively large inventory. To ensure optimal purchase, dispatch or manufacturing decisions, it is crucial to focus on the right things. With Lokad, this means forecasting the probability of all possible futures, rather than trying to accurately predict only one. This also means quantifying the risk & euro/dollar ROI of each inventory decision & prioritising the decisions with the highest ROI. Having previously worked in the media sector to help citizens make their voices heard in constructive online debate, I now have the mission of helping asset owner operators and automotive parts suppliers to understand their supply chain differently & reap the benefits of that. Get in touch here on LinkedIn or shane.conroy@lokad.com