Forecasting seems simple, especially when you have a rough idea of the scenarios that your business may face in the future. However, the increasing uncertainty and disruption in supply and demand make forecasting challenging. Therefore, we need a different approach,...
Back in 2020, nearly every business in the world felt the impact of COVID-19 on their business, in one way or another, making the need for accurate planning and forecasting even greater. Sales and operations planning, S&OP, is a vital process for any company...
As I write this in September 2021, the UK appears to be hitting peak supply chain challenge. As the constraints of COVID restrictions have eased, difficulties with driver shortages and availability right the way up the supply chain are coming to light. Talking to...
If managing inventory can be challenging at the best of times, it can be debilitating at times of local and international disruption. Manufacturers, distributors, retailers, and other companies that deal with household products, cosmetics and toiletries, office...
Unpredictable patterns of demand create challenges for managing inventory. These primarily manifest themselves in either excess inventory or issues with fulfilling service levels. Demand variability is a constant, there’s no way to predict with absolute certainty...
