Process

Variance between forecasted and actual demand in demand planning can occur due to various factors. These variances can have significant implications for inventory management, production scheduling, and overall supply chain efficiency. Here are some common causes for variances between forecasted and actual demand: To improve demand planning accuracy, it’s important for organisations to continually monitor […]

Introduction: Unprecedented global events, such as the COVID-19 pandemic, have highlighted the vulnerabilities within supply chains worldwide. As businesses faced disruptions and challenges, valuable lessons emerged regarding the need to address key areas of concern. This blog explores four critical aspects of supply chains—excessive lead times, logistics disruptions, purchasing strategies, and operational contingencies—and provides insights […]

In today’s dynamic business landscape, effective supply chain management stands as a paramount necessity. A streamlined supply chain not only enhances operational efficiency but also trims expenses and elevates customer contentment. Nevertheless, specific supply chain challenges inherent to various industries can crop up, causing disruptions that lead to delays, inflated costs, and missed business prospects. […]

In today’s business landscape, supply chain management has become a critical element for companies to remain competitive. With globalization and technological advancements, supply chains have become more complex, and with complexity come challenges. However, these challenges can be overcome with the right tools and techniques. In this blog post, we will discuss some common pain […]

Introduction In the ever-changing landscape of business, one constant remains: demand forecasting. Accurately predicting customer demand is a paramount concern for companies seeking sustainable growth and optimal operational efficiency. However, the task of demand forecasting is not without its challenges. Numerous variable aspects influence consumer behaviour, from economic factors to market trends and even natural […]

In today’s globalized and highly competitive business landscape, winning the supply chain game is critical for companies to thrive and succeed. However, with increasing complexity and demands of the supply chain, simply having a robust supply chain is not enough. Companies must also provide superior support services to gain a competitive edge in the marketplace. […]

Introduction: Unprecedented global events, such as the COVID-19 pandemic, have highlighted the vulnerabilities within supply chains worldwide. As businesses faced disruptions and challenges, valuable lessons emerged regarding the need to address key areas of concern. This blog explores four critical aspects of supply chains—excessive lead times, logistics disruptions, purchasing strategies, and operational contingencies—and provides insights […]

Procurement is a vital function for any organization, ensuring the timely and cost-effective acquisition of goods and services required to achieve business objectives. However, inefficient procurement processes can lead to hidden costs that impact the bottom line. These hidden costs can be significant, and addressing them is essential for organizations looking to maximize efficiency and […]

The supply chain is a complex system that involves numerous stakeholders, including manufacturers, suppliers, distributors, retailers, and consumers. The logistics function is a critical component of the supply chain, responsible for managing the flow of goods and services from the point of origin to the point of consumption. In recent years, advancements in technology and […]

In today’s fast-paced business environment, supply chain production has become more complex and challenging than ever before. With a multitude of moving parts and stakeholders involved in the process, it’s essential to have a clear understanding of the data and analytics that drive it. The power of data in supply chain production cannot be overstated […]