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The effects of COVID-19 on global supply chains hit the shipping industry hard, with displaced containers blocking ports and causing...
Data breaches, usually through cyberattacks, are becoming more common. Not only are they damaging to a firm’s reputation, but they...
For businesses that carry non-perishable goods, it’s tempting to order and carry surplus stock to help meet market demand and...
In previous posts, we’ve discussed the benefits of ABC classification models and how to use them to improve inventory control...
What is demand forecasting? Demand forecasting is the process of predicting future customer demand for your products to help with...
For many businesses looking to improve their inventory management, a critical KPI is stock turn rate. Stock turn rate is...
As global supply chains become more complex, disruption in one link can significantly impact other areas. Therefore, it is essential...
In the face of unprecedented global events that have posed significant challenges to businesses across the supply chain, the importance...
As we ride each wave of supply chain disruption, we hope it will be the last. However, the world is...
Having enough stock to meet demand is fundamental to stock-holding businesses. Running out of stock leads to lost sales and...
Unsurprisingly, given the increasing number of digital breaches and cyber attacks, supply chain security is a growing concern for many...
This post focuses on inventory planning and optimizing stock levels during periods of supply chain disruption and erratic customer behavior....
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