Mastering Supply Planning with StockIQ: A Step-by-Step Guide
Balancing supply and demand in an inventory-based business is challenging, especially in today’s fast-paced and unpredictable supply chain. However continuously keeping the right amount of stock on hand is crucial for customer satisfaction, operational efficiency, and profitability. Unfortunately, poor supply planning can lead to costly stockouts, excess inventory, and operational inefficiencies. That’s where StockIQ comes […]
An Overview of Supply Chain Planning
Supply chain planning is a critical process for inventory-based businesses, which dictates the flow of goods and resources. At its core, supply chain planning is simple: it seeks to balance supply and demand, while accounting for various factors such as consumer habits, market trends, and lead times. While supply chain planning has long been essential, […]
The Role of a Supply Chain Demand Planner
It’s no secret that for inventory-based businesses to be successful, profitable, and optimized, they need to continuously strike the right balance between supply and demand. These businesses need to keep enough inventory on hand to continuously meet customer expectations, even in the face of unpredictable fluctuations. At the same time, they need to avoid holding […]
What is a Demand Planner?
For inventory-based businesses to thrive in today’s competitive and fast-paced business environment, they need to align supply and demand accurately. Enter the demand planner, someone who is the backbone of efficient supply chains, smooth operations, and satisfied customers. What is a demand planner, exactly? They’re the person responsible for predicting and managing a business’ anticipated […]
Sourcing Raw Materials: A Better Process
Sourcing raw materials is an essential part of supply chains, and the way businesses execute this process is changing. In recent years, challenges like supply chain disruptions, fluctuating costs, and growing demands for ethical business practices have triggered changes in the sourcing process. As we move into 2025, it’s clear there’s a need for a […]
6 Ways Demand Planning Software Impacts Warehouses
Warehouse efficiency and operations play a central role in today’s global supply chain, and dictate how inventory-based businesses function. When warehouses run seamlessly, an inventory-based business can operate at its peak. However, if warehouses are disorganized, inefficient, and not stocked to meet customer demand, it can negatively impact a company and its customers. To accurately […]
Leveraging Data Analytics for Superior Supply Chain Performance
Today’s supply chains are incredibly complex behemoths, hallmarked by globalization, high customer expectations, and robust supplier networks. As businesses face pressure to continuously optimize and improve their operations, traditional methods of supply chain management can fall short. That’s because these methods often rely on incomplete data, fragmented information, and even intuition, which make them insufficient […]
Integrating AI and IoT for Smarter Supply Chains
Today’s supply chains are far more than just networks that move goods from point A to point B. They are complex global systems that respond in realtime to data, insights, and change. In this ecosystem, there are two transformative technologies that, when properly integrated, have the power to revolutionize the way supply chains function: artificial […]
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 […]
