The secret to efficiently balancing inventory to actual demand was discovered in the US Army’s mandate for zero stock-outs and excess inventory. This initiative, executed at Clemson University, created a unique, commonsense, time-based pull replenishment method utilizing the key principles of Theory of Constraints, Lean, and Six Sigma. Astonishingly, this simple approach mitigates forecast error and achieves unparalleled breakthroughs in inventory turns, on-time delivery performance, and inventory productivity. Based on this development, Balanced Inventory includes multiple best practices and patented solutions to deliver elimination of stockouts, doubling of inventory turns, and up to 30% reductions in inventory investment.
Bill retired from the U.S. Army where he served in multiple high-level overseas combat logistical positions and key research, development, and procurement assignments. His entire career has centered on making supply chains nimbler and more responsive.
As Site Director of Clemson University’s Department of Defense (DoD)-sponsored model factory, he held responsibilities for locating, developing, integrating, and demonstrating the world’s most advanced manufacturing and supply chain technologies and management practices. INVENPRIL was developed here to provide a unique solution for supply chain-wide inventory optimization.
Bill holds BS and MS degrees in Textile Technology from North Carolina State University, an MBA with a concentration in logistics from Babson College, and is a graduate of the Industrial College of the Armed Forces.
Prior to joining BI, Steven served as President & CSMO of Awnex, Inc., an architectural element design, manufacturing, and installation company servicing the Restaurant and Retail Industry. He also served as President of Nester Software Technologies, a software company specializing in manufacturing optimization systems and services.
With more than 25 years of experience in promoting advanced manufacturing technologies, Steven has also served in a variety of corporate management, marketing, sales, and professional services positions with John E. Fox Inc., Microdynamics Inc., Apparel Computer Systems (ACS), and Eton Systems.
McLendon is a graduate of Lenoir-Rhyne University in Hickory, NC. He has chaired several industry association committees with American Apparel and Footwear Assn. and the National Textile Center.