5 Ways Artificial Intelligence Impacts the Supply Chain
The adoption of machine learning and artificial intelligence is on the rise, but not at the pace of other transformations. Here are a few reasons why.
The ROI of Inventory Reduction
A lot of projects propose to deliver ROI through lower levels of inventory. Servicing the demand at desired service levels with lower inventory should save the company some money. But how, exactly?
The Wrong Inventory Approach Can Strangle Production Output
Successful management of inventory is a hot topic in supply chain management. While it's easy to measure, the cause may be complicated to uncover.
Lessons From the Suez Canal Blockage – Supply Chain in the News
In the past few days, the news of the blockage of the Suez Canal by a massive container ship called the Ever Given has been dominating the news, so much so, that even kids are talking about it. The phrase ‘supply chain’ is now being mentioned more often than ever before in news media. Some outlets have estimated the cost...
Demand Versus Predict Variability – Avoiding a Paint by Numbers Disaster
In this blog, we will focus on protecting your investment. The example involves demand variability versus prediction variability and its impact on inventory policy and operational efficiencies. It is loosely based on a real situation from the trenches.
How Do You Create the Right Inventory Balance?
Striking the balance between overstocking and understocking should not always be a guessing game.
12 Days of Inventory Optimization
One of my favorite Holiday songs growing up was “The 12 Days of Christmas.” There was something about Christmas having 12 days that put me in the holiday spirit.
Manufacturing Day 2017: [Infographic] The Evolution of Inventory Management Strategies
When you talk to any manufacturer no matter how large or small about their concerns, improved inventory management is bound to be a part of the conversation. To celebrate manufacturing day today, we thought it would be beneficial to take a closer look at how inventory strategy keeps evolving using an infographic from Arkieva based on research conducted by Aberdeen.
Creating an Actionable Plan for Unlocking Working Capital with Inventory Optimization
Optimize: To make as perfect, effective, or functional as possible For many companies, the term “inventory optimization” has become more of a catch phrase than an actual reality. The idea of cutting inventory costs while maintaining the same level of customer service is rather elusive. Yet, almost all manufacturing businesses would agree that unlocking inventory