It’s Time to Apply 21st-century Technology to Today’s Supply Chain Challenges As we enter the final quarter of 2021, hindsight shows us the wide-scale impact organizations have faced as a result of supply chain issues stemming from the global pandemic.…
Many companies know that indirect expenditure puts a drag on their bottom lines. Seemingly insignificant indirect materials such as glue and fuel can quickly pile up the costs when consumed in high amounts. Some analysts estimate that about 40% of…
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…
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…
There’s been a long-held concept that a supply chain could be agile or lean, but not both. In last month’s article, we explored how with the right digital transformation, there is no reason why a company can’t be both. Here, we’ll…
One of the key aspects of a business that ensures its smooth operation is the relationship that its buyers and suppliers share. Loyalty and reliability in the network can help create better value and make supply chains more resilient to…
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. Supply network optimization takes this one step further – by optimizing the flow of…
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…
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 practices across your supply network can initially seem daunting. In this article,…
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…
