With disruption such as COVID-19 rapidly shifting consumer tastes, market volatility, and human error, the threat of both overstock and stockouts is always present. On the one hand, companies strive to have enough stock available to manage their order position…
For companies considering the purchase of supply chain planning software, one major decision to be made up-front is whether to purchase on-premises or cloud-based software. Traditionally, on-premises software applications were the norm. These systems offered automation, advanced features, and the…
The Food Waste Reduction Roadmap Report of 2019 show that a third of food, which includes beverages, is wasted around the world. Further analysis of the ongoing waste across the food and beverage production chain in the United Kingdom highlights…
Part of being in this industry is looking out for new trends and staying on top of new technology. What should supply chain professionals be looking for in 2020? Artificial intelligence, machine learning, and big data. All of these trends…
The entire supply chain industry is changing rapidly due to digitalization. Supply & Demand Chain Executive said, “Now is not the time to double down on antiquated or entrenched processes. The supply chain industry is evolving at a rapid pace…
Businesses are investing in supply chain more and more, especially in track-and-trace technology. Supply Chain Drive reported, “Among industries spending on Internet of Things (IoT) technology, the track-and-trace sector is expected to have the largest spending growth — a 24.2%…
You have all the data you need – now what? Data that isn’t actionable is not helping anything. The problem with big data is that it can accumulate very quickly and can become hard to manage! As Supply Chain Analytics…
How can IoT be best harnessed for supply chain? With the best tools. Supply Chain Brain said, “While IoT holds real potential for optimizing supply chain operations, businesses must balance this potential with the costs and risks of implementation.” So,…
Supply Chain Academy said the main trends to watch for supply chain in 2019 are AI, wearable devices, sustainability, visibility, and risk management. AI is important because it could truly affect every part of the supply chain, increasing efficiency along…
Improvements in technology are always affecting supply chain. Here are some that will be making an impact in the next two years! Cloud-based commerce networks will increase efficiency by speeding up communication while micrologistics will impact distribution strategies. Flexible postponement…