There’s probably no company that’s immune from the challenges of making supply meet demand. However, thanks to the growth of demand forecasting techniques, we’re often able to mathematically predict certain customer behaviors and market factors to a high level of…
Welcome to the 2nd edition of Verusen’s Annual State of Supply Chain report. Each year, we poll supply chain executives around the world to compile tips, supply chain trends and initiatives currently being prioritized, striving to get a pulse on…
There’s arguably nothing more important in the world of business than working capital. It enables you to pay your staff, invest in assets, and keep your supply chain running. High working capital allows you to run operations efficiently, while a…
Building trust-based connections with vendors for Maintenance, Repair, and Operations (MRO) supplies is a make-or-break factor for any organization’s ongoing success. The reality is, companies often grapple with a myriad of challenges in managing a diverse range of MRO inventory…
What is network optimization in supply chain? Supply chains are the lifelines of every business, and aligning your operations and communication can be key to supply chain optimization and ultimately minimizing operating costs. Strategic supply network optimization software takes this…
The world of supply chain management is changing fast. According to Gartner, a global research and advisory firm, supply chain companies will invest heavily in machine learning and artificial intelligence (AI) capabilities over the coming years to maximize productivity and…
What is sustainable supply chain management? The sustainability of your supply chain is inextricably linked with the long-term financial health of your business, in addition to its economic, social, and environmental impact. Instigating sustainable supply chain practices across your supply…
Regardless of the size and shape of your business, a system of inventory management that can view all parts of the flow of products and services is key to smooth operation. But to keep your inventory management effective, you need…
There has been a decades-old challenge in the supply chain industry that organizations could have either an agile supply chain or a lean supply chain, but they couldn’t have both at the same time. The pandemic changed the way organizations…
The past year showed how vital the continuity of the supply chain is to healthcare, goods manufacturing, and practically every facet of everyday life. The recent attention the industry has experienced, (as shortages continue to mount), has also led to…
