The Flaws and Obsolescence of Product Forecasting

The following article was published in the March 2004 edition of "Circuit Assembly" magazine:

...Electronic Product Integration Company (EPIC, Rochester Hills, MI), has avoided the pitfalls of forecasts by producing product orders on a daily and weekly basis—in other words, it has no firm production scheduling. This CEM’s manufacturing operation is able to scale in resources such as labor and materials in real time, and its supply chain management system can deliver materials almost instantly. Such an environment provides the biggest advantages for products that are low-to-medium volume and high mix. Forecasts are practically obsolete since every day’s production schedule is met and shipped independent of the variances...

Read the rest of the article, here.

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WHAT CUSTOMERS SAY ABOUT EPIC...

"There are several things they [EPIC] do in their plant that we want to adopt here."

"No one else is even close to as good as EPIC in Juarez. "

"I liked the simplicity of EPIC's manufacturing approach."

"They are lean, their material handling is outstanding and their overhead is not big."