Think You Can Predict Demand? Here’s Why You’ll Never Be 100% Right (and That’s Okay)
by In the world of business, demand forecasting is one of those essential but challenging tasks. Every company wants to predict future sales and customer demand …
Maximizing Negotiation Opportunities in Supply Chain: You Don’t Have to Say Yes to Everything
In today’s competitive business world, especially in the supply chain, negotiation skills are crucial. You probably already understand that the supply chain is the heart …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Managing Deflation’s Impact on the Supply Chain: Challenges and Solutions
Deflation is an economic phenomenon that can have a significant impact on various industries, especially supply chains. While lower prices for goods and services might …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Staying Strong in Supply Chain: How to Make Tough Decisions Without Outside Influence
In the world of supply chain, we often encounter tough and unpopular decisions. These decisions may involve terminating partnerships with suppliers who fail to meet …
Blog Series: Complete Guide to Inventory Reduction Projects (Part 5 – Finished)
Closing the Inventory Reduction Project The project closure phase is a crucial final step in the inventory reduction project cycle. At this stage, you will …
Blog Series: Complete Guide to Inventory Reduction Projects (Part 4)
After the inventory reduction project moves into the execution phase, the next critical step is ensuring the project stays on track. This monitoring and control …
Blog Series: Complete Guide to Inventory Reduction Projects (Part 3)
Inventory Reduction Project Execution After careful planning, the next stage in the inventory reduction project is execution. This phase focuses on implementing the planned steps …
Blog Series: Complete Guide to Inventory Reduction Projects (Part 2)
Planning an Inventory Reduction Project After you complete the initiation phase, the next step is to create a detailed plan to ensure the inventory reduction …
Blog Series: Complete Guide to Inventory Reduction Projects (Part 1)
This post is the first part of a blog series I’ll be posting over the next few weeks. The topic I’ve chosen is how to …
Costs / Distributions / Information Systems / Inventory / Manufacturing / Planning / Procurements / Transportations / Warehousing
Without the Right KPIs, You Can’t See the True Performance of Your Supply Chain
Your supply chain is the lifeline of your business. It connects every part of your operations, from sourcing raw materials to production, distribution, and delivering …