In this blog, we will demonstrate the link between Finance and Supply Chain and how this understanding can help define supply chain improvements by understanding elements of the Balance Sheet and Income Statement.
Recently, we have heard about several product shortages and other issues in the supply chain. Let us try and make sense of some of these in this blog. As I live in the US, my experience is somewhat limited to what happened here.
In this blog, we point the reader to a recent article “Humachine”, which identifies the general challenge of implementing decision technology to improve SCM decision making resulting in improved organizational performance and the importance of experience in the trenches.
For your business to effectively carry out the supply chain planning process, you will need to link up your short-term and medium-term, to the executive level S&OP plan so that it drives your tactical planning and operational planning.
For businesses, it’s a great opportunity to cash in on the seasonal spike in customer demand. However, every year it also poses a unique situation with equal challenges along with the opportunities.