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We all know that marketplaces are constantly changing. For starters, the international trading landscape is more uncertain than ever. In addition, eCommerce is driving increased competition from traders across the globe, both large and small. And with customers being more demanding and more vocal about their experiences, the need to...Read more
The new year is upon us, and with the end of 2019 we reach the end of the decade – and the beginning of 2020. Throughout the last decade, the main trends were digitization and globalization. Supply chains have lengthened and extended across borders, bringing a whole new host of...Read more
Per Risfors, organizational consultant at Exsitec, has helped many SMBs improve their processes and optimize workflows with automation. That is why Per is December’s Automation Hero. Name: Per Risfors Title: Organizational consultant and solution architect Company: Exsitec – IT solution specialists including ERPs, integrations and mobile solutions. Congratulations on the...Read more
Forecasting accuracy is the process of calculating the accuracy of your inventory demand forecasts by comparing the original forecast with the actual demand for those items. Forecasting accuracy can be affected by ‘outliers’ or ‘fliers’ in the data. An outlier is a data point that is not considered to be...Read more
Obsolete Stock is a term that refers to inventory that has reached the end of its product life cycle. In this stage of the product life cycle, there is no market demand for the product. Companies that have not accurately forecasted a decline in demand or effectively reduced their stock...Read more
Mattias Pohlin, Materials Planner at Jönköping Healthcare Region, has improved service levels and streamlined the procurement process. That’s why he’s October’s Automation Hero. Name: Mattias Pohlin Job title: Materials Planner Company: Jönköping Healthcare Region Congratulations on the award Mattias! Could you tell us a little about yourself? What’s your role...Read more