In today’s fast-paced and competitive business environment, supply chain cost management has become a critical aspect of running a successful business. Effective supply chain cost management can help businesses to reduce costs, improve profitability, and maintain a competitive edge in the market. In this blog post, we will discuss the importance of supply chain cost […]
Supply chain warehousing is a vital component of any business that deals with physical products. The effective management of warehouse operations is critical to achieving a smooth and efficient supply chain. However, for many businesses, managing warehousing can be a daunting task. The cost of running a warehouse can quickly spiral out of control, and […]
Inventory management is a critical component of any supply chain. It involves managing the flow of goods and materials in and out of a business to ensure that there is always enough stock on hand to meet customer demand. However, poor inventory management can have a significant impact on your supply chain, leading to lost […]
In today’s rapidly changing business environment, supply chain planning is more important than ever. Companies that can effectively plan their supply chain operations are better able to meet customer demand, minimize risk, and maximize efficiency. However, supply chain planning is a complex process that involves multiple stakeholders, systems, and processes. In this blog, we will […]
Effective supply chain management is critical for any organization to stay competitive and profitable. One key component of supply chain management is managing inventory costs. Inventory costs can have a significant impact on a company’s financial performance, and it is essential to have a solid inventory management strategy to keep costs under control. Inventory costs […]
Introduction In the rapidly evolving world of supply chain management, embracing technology has become an imperative. Artificial Intelligence (AI) has emerged as a game-changer, promising to revolutionise traditional supply chain design. In the book ‘Inventory and Other Grocery Items,’ the author introduces the concept of the next generation supply chain, where AI plays a pivotal […]
Do I or don’t I? The question CEO’s or General Managers would be asking about automation and to what level within their business. If labour cost wasn’t on the radar pre COVID, then it would certainly be there now. In addition to the sick leave, labour hire, overtime, the business costs were unprecedented. Although the […]
I think we can all agree, COVID has made us scrutinise our Supply Chain systems ability to be able to respond quickly to changes impacting the supply chain. What we don’t see is basic logic applied, and the creation of a new generation of acronyms (e.g. JIC – Just in Case). The issue is lead […]
Introduction With the global ‘Net Zero’ emissions target set for 2050 and signed off by all but six countries, the urgency to take action against climate change continues to gain momentum. While renewable energy sources such as wind, solar, and electric vehicles (EVs) have made significant strides, they may not be the ultimate saviors in […]
Introduction The COVID-19 pandemic has left a lasting impact on businesses worldwide, highlighting the importance of effective demand planning in managing through crises. Demand planning requires two essential types of data: complete and accurate historical data, and current live accurate data. By comparing and analysing both types of data, businesses can navigate through variations that […]