"PFEP - Plan for Every Part" to Boost Supply Chain Planning!

Supply chain as we see every day has new areas of complexity, challenges&even new opportunities. Referring to big manufacturers, retailers, warehouses we can just imagine number of parts or products that are being handled throughout a supply chain cycle. It becomes very difficult to manage all information of each part, as each part has several lines of information like part details, supplier, storage area, location, weight, dimension, revision number, forecast, MOQ&many more parameters. Just a case even if retailer has to keep same brand of soap in storage but one is with weight 100 gram&another is 200 gram, both becomes two different part numbers. This complexity has always affected on planning in supply chain.

Today organizations are always forced to solve real time problems, cost reduction, standardizations&efficiency gains. The paper is highlighting on PFEP i.e. "Plan for every part" a concept or methodology which is now becoming more popular in areas of supply chain, materials, and logistics planning. PFEP as a part of Lean management principle is providing both qualitative&quantitative benefits to the organizations. The planning based on PFEP template is both corrective&proactive in nature, but moreover corrective if managed so. This paper is highlighting use of PFEP template to shorten supply chain cycles, reducing costs, and to improve visibility. The later part of this paper will show relationship of different organizational functions with PFEP template or PFEP data. How Sales, Inventory&Operations planning (SIOP) function is more focused on PFEP implementation in many organizations. The paper will also focus on implementation, use&chances of failure in PFEP implementation.

Moreover this paper is focused on industry trends&some recently done research outcomes in PFEP studies.