Black Friday's impact on prepared industries
Millions of people look forward to this time of year to enjoy good promotions in various industry sectors. With each passing year, more business participates in the date that, a decade, has been conquering the pocket of the Brazilian.
Do you know how Black Friday came about?
The expression was first used in the United States on September 24, 1869, when two speculators named Jay Gould andmes Fisk attempted to corner the gold market on the famous New York Stock Exchange. As a result, the government at the time was forced to intervene to correct the problem, increasing the supply of the commodity to the market. This caused prices to fall and many investors to lose large fortunes. This event became known as Black Friday. In Brazil, it arrived in 2010, when the website Busca Descontos ran several promotions based on the Black Friday concept and registered the domain blackfriday.com.br. This initiative was followed by other retailers at the time, giving rise to the Brazilian Black Friday.
Each industry sector has its own Black Friday (off -season)
The roles and impacts of Black Friday are very clear: the promotions offered increase demand for products, while sales soar. However, the impact of this abrupt increase in sales across the entire production chain is often not widely known. To absorb this high variation in demand, it is necessary to several mes in advance to avoid product shortages at the end of the chain. However, we know that this peak in demand variation is not exclusive to Black Friday. Each industry has its own "Black Friday," and this can occur for a variety of reasons: it's Christmas for consumer goods, Easter for chocolate, Children's Day for candy and toys, a periodic price update for sectors linked to ANVISA, among several other patterns that may emerge. With increased demand, more production is needed, and the industry must be prepared to absorb this increase and efficiently schedule its production and distribution . Whether these sales variations are caused by predictable and seasonal issues or unpredictable market reactions, good Production Planning must be agile and reliable enough to avoid stockouts , much less unnecessary costs. The company must be prepared for this increase in production , and good planning yields results in several ways. For example, reducing production lead times through efficient scheduling rules can both increase production efficiency and ensure better service delivery times, reduce inventory, and generate greater agility for the production chain to respond to these demand variations. In other words, it translates into cost and service level gains.
How can neo help your industry?
Reaching the other side of the rainbow in search of that dream pot of gold isn't an easy path, but you can count on our help along the way. In practical terms, when we talk about the impacts of demand fluctuations on the production chain, good Advanced Planning will support the company in key production capacity decisions, from short- to medium-term scheduling, which can change shifts, overtime, and outsourcing, to long-term planning, which will define workforce expansion and machinery purchases. This way, we can have clear visibility of required capacity and determine what, how much, where, and when to produce, as well as exactly what materials and resources will be needed Opcenter APS is the world's leading solution for Production Planning and Scheduling . In addition to generating the MPS (Master Production Schedule) taking into account capacity constraints and inventory policies, it allows for long-term capacity planning, supporting tactical and strategic production decisions. NEO Production Engineering is a Siemens Smart Expert Partner and offers solutions with business analysis and APS software . We've created a new concept that values cutting-edge technology and technical excellence, while mes believing in human sensitivity, creative work, and personalized, committed relationships. Contact us using the form below or via WhatsApp to learn more about our solutions and schedule a personalized analysis tailored to your business needs. NEO is the largest APS consultancy in Latin America. Sequence your production with experts in technological solutions.