Harnessing Warehouse Analytics for Improved Operations
Today’s warehouse operations are becoming increasingly complex and globalized. With the continued growth of e-commerce and global distribution networks, along with the rise of customer expectations for fast deliveries, managing a warehouse efficiently is more crucial than ever. To keep up with fluctuating demand and inventory management while meeting customer needs, businesses are deploying advanced […]
Strategies for Effective Supply Chain Network Optimization
Supply chain networks are highly complex systems, where interconnected organizations and facilities work together to provide goods and services to end consumers. These networks function like a highway system, where different roads represent parts of the supply chain such as manufacturing, transportation, warehousing, and distribution. The roads interconnect and form a system, where goods can […]
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 […]
The Role of Predictive Maintenance in Reducing Downtime and Improving Equipment Reliability in Supply Chains
Supply chains are complex networks, where many different businesses and entities work together to transport goods around the world. At the heart of this system is advanced supply chain equipment, which supports everything from inventory software to the physical assembly of products. This equipment is susceptible to unexpected breakdowns, which can then trigger a domino […]
What Are the Key Lessons Learned From the COVID-19 Crisis and How Can They Be Applied to Strengthen Supply Chain Resilience?
There are few events in modern memory which have rattled the global supply chain quite like the COVID-19 pandemic. From rapid fluctuations in consumer demand to raw material shortages, the COVID-19 pandemic was a massive disruptor of the global supply chain, impacting both businesses and consumers. Now, with the pandemic behind us, we can use […]
What Exactly is Order Picking
There are many processes and systems involved in the supply chain, that ensure that products are received, shipped, and arrive at your customers in a timely manner. One common (and critical) process is order picking, which involves retrieving products from warehouse shelves to fulfill customer orders. While this task might seem simple enough in nature, […]
What is the Analysis of Covariance and What’s Its Relationship to Inventory Insights?
Inventory-based businesses rely on data to inform their ordering, best meet the needs of customers, and maintain a competitive edge. The ability to accurately analyze and interpret inventory data translates to tangible business outcomes such as optimal stock levels, customer satisfaction, and increased revenue. This is especially true when it comes to inventory management, where […]
The Role of Social Network Analysis in Understanding and Improving Supply Chain Relationships
Supply chains are vast and complex networks, where different businesses work together to manufacture and distribute goods around the world. While business practices, technological systems, and even customers play a role in how the global supply chain functions, strong relationships are essential for ensuring smooth operations. This becomes particularly apparent when we consider how every […]
A Thorough Guide to Utilizing Supply Chain Planning Software
Managing a supply chain is a vast, complex effort that requires decision-makers to collaborate internally, navigate external suppliers, and operate in notoriously unpredictable market conditions. But when you take a strategic, data-driven approach to managing your inventory and processes, you can best meet demand, keep operations running smoothly, and meet the needs of your customers. […]
