Everything To Know About Seasonal Demand Forecasting
Most inventory-based businesses experience seasonal swings in demand for their products. Depending on the sector and clients, a company might experience a boom around the winter holidays, a summer spike, or a back-to-school rush in the fall. Instead of getting caught off-guard by these seasonal fluctuations (which can vary greatly from standard demand), businesses can […]
How Blockchain is Transforming Supply Chain Management
There are many new technologies revolutionizing the way the supply chain functions, from artificial intelligence to automation. However, there’s one cutting-edge technology that’s only just starting to impact the supply chain, but which promises to be a game changer: blockchain. Originally developed for the cryptocurrency space, blockchain technology is often described as a “decentralized ledger,” […]
An Honest Assessment of Disadvantages of AI in Supply Chains
There’s no doubt that artificial intelligence (AI) is revolutionizing the global supply chain. From optimizing inventory levels to automating routine tasks, the potential benefits of AI in the supply chain are numerous and compelling. However, amidst the excitement surrounding AI’s capabilities, it’s essential to take a step back and critically evaluate its drawbacks. So, what […]
The Potential of Generative AI in Supply Chain Innovation
In an era where speed, efficiency, and innovation are key competitive differentiators, businesses are increasingly turning to artificial intelligence (AI) to support their operations. While previous iterations of AI have been present in the supply chain for many years, the newest advancement in this technology is rapidly gaining steam. Generative artificial intelligence is a class […]
Staying Ahead with Emerging Global Supply Chain Trends
Businesses in the global supply chain are operating in an ecosystem that’s transforming at an unprecedented pace. Today’s supply chains are being rapidly reshaped by technological advancements, shifting trade policies, new consumer demands, and growing demand for sustainability. Businesses that fail to adapt to these new global supply chain trends risk being left behind in […]
Why Supply Chain Risk Management is Essential for Modern Warehouses
If there’s any word that all supply chain decision-makers are aware of (and that raises alarm bells), it’s risk. Risk is inherent in the supply chain today, and the term refers to any threat or disruption that could negatively impact the flow of goods and services within the supply chain. But instead of waiting for […]
Implementing Supply Chain Analytics for Competitive Advantage
Inventory-based businesses work with massive amounts of raw data, from stock levels to customer information. Left unmanaged, this data can be unhelpful and overwhelming, because it can be difficult to distill any useful insights from such large quantities of raw data. But when businesses use supply chain analytics to tap into the potential of this […]
What Are the Implications of Remote Work and Digital Collaboration Tools on Supply Chain Management Post-COVID?
The landscapes of work and business have changed vastly in the past few years. The COVID-19 pandemic sparked new remote work trends, which in turn have led to the speedy development of cutting-edge digital collaboration tools. These trends and technologies have transformed nearly every industry and sector, and the supply chain is no different. What […]
What is Consumption Based Planning and Ordering?
Managing inventory appropriately is essential for businesses in the supply chain. Keeping the right amount of stock on hand allows businesses to meet customer demand while avoiding fees associated with excess stock, fueling profitability. For this to be the case, decision-makers need to use planning and ordering methods which lead to accurate stock levels. One […]
How Environmental Changes Affect the Supply Chain
The global supply chain operates in a volatile ecosystem, and it’s susceptible to disruptions, changes, and challenges. While economic fluctuations are common and well-known, many other factors influence the way the supply chain functions. One example is climate change. The impacts of climate change on the global supply chain are numerous, and in recent years, […]
