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, […]
Warehouse Automation Systems and Trends in 2024
Warehouses are undergoing a digital revolution, fueled by developing technologies, the rise of e-commerce, and shifting consumer expectations. While warehouse automation systems are not new, there are many recent advancements and trends to watch out for in 2024, which warehouse managers and business owners should be aware of. Warehouse automation has played a significant role […]
“Right-Sizing” Historical COVID-Driven Demand to Minimize Its Impact on Future Forecasts
The COVID-19 pandemic rattled global supply chains and left inventory-based businesses scrambling. While the pandemic shook up many industries, and the work landscape was impacted as a whole, the global supply chain experienced severe disruptions. COVID demand for products and supplies was sometimes far different than usual demand, for example, and led to shortages and […]
Forecasting Sales for Inventory-Based Organizations
One of the most valuable and critical tools for an inventory-based business is the ability to predict what sales will look like in the future. Accurately forecasting sales can help businesses make tactical decisions about production, inventory levels, and overall business strategy. These forecasts can also help maintain the delicate balance between supply and demand […]
6 Forecasting Errors and How To Avoid Them
Forecasting errors can cause serious problems for an inventory-based business. If you fail to correctly predict high demand for inventory, you will miss sales. On the other hand, if you fail to accurately predict a decline in demand, you may find it difficult to move out unwanted merchandise, which can mean that you end up […]
