Many companies cite “inventory optimization” as a goal. And with the digital tools available today, companies can manage their inventories better than ever with cutting edge inventory planning software such as that provided by DemandCaster. These platforms empower companies to…
The manufacturing industry relies on its legacy systems and equipment to get work done. This has been the way for decades. A report on the state of the manufacturing industry states that only 26% of manufacturing plants believe implementing new…
For companies with outdated or manual inventory management systems, lack of certainty about the accuracy of inventory levels can make managers and decision-makers apprehensive during busy times. If calculations and inventory management practices are off, companies may find themselves with…
Aligning demand with supply is a critical function for any company. And it’s one with a lot of moving parts. The right demand plan must have a balance of inputs from all areas of the company to create forecasts that…
With everyone’s health a top priority due to Covid-19, we’re facing unprecedented times, and in many cases flying by the seat of our pants to maintain as much normalcy for ourselves and our families as possible. Now enter the workforce,…
Cloud-based technology is significantly impacting supply chain everywhere. More companies are jumping on board with this technology as its capabilities continue to grow. Supply Chain Management Review said, “Quite simply, cloud is becoming a supply chain utility. It is a…
Let’s settle this – what’s the difference between logistics and supply chain? To start, logistics is about materials but not people. It has to do with transportation, warehouses, etc. Supply chain encompasses much more than that. In supply chain, we…
While many people are dissatisfied with their job, that doesn’t seem to be the case in Supply Chain. Supply & Demand Chain Executive reported, “The Association for Supply Chain Management has released its 2019 Supply Chain Salary and Career Survey…
Supply chain risk actually increased significantly last year. Supply & Demand Chain Executive reported, “A new report from Resilinc reveals that global risks have increased throughout 2018, with geopolitical conflicts, such as trade conflicts and Brexit, posing some of the…
It’s easy to look externally when trying to improve your processes, but taking a hard look at your current practices should be the first step. Industry Week said, “To break the cycle, rather than reaching for the latest technologies, some…