Supply chain management is the process of coordinating and optimizing the movement of goods, information, and funds across the entire supply chain, from raw materials to finished products, in order to meet customer demand. Effective forecasting is a critical element...
Supply chain management is undoubtedly trickier around the holiday season, as businesses strive to meet the increased demand that usually occurs, and stretches well into the new year because it is important to consider the impact of returns on inventory levels. ...
But how you do so is just as important – are you simply managing your inventory or are you optimizing it? Let’s look at how an effective ABC analysis can benefit your business. We frequently talk about inventory optimization in terms of the ways in which it can...
Companies play a key role in building a sustainable economy and society. In recent years, we have seen a significant shift in corporate consciousness towards environmental, social, and governance (ESG) concerns. Now, we are also seeing more legislative measures being...
In these times of Supply Chain uncertainty and disruption, having access to all relevant data for inventory forecasting and planning is highly recommended – some would even say vital. Internal data is something you will most likely already have to hand. This may...
