Some hidden costs in the supply chain can slowly drain your profits if not taken care of. Demurrage costs, for example, might seem small at first but can add up...
A supply chain is a complex web of operations — inventory management, warehousing, logistics, and more. If these operations are inefficient, your costs increase. Responding to shifts in demand, market...
Accurate demand forecasting is the linchpin of effective inventory, cost management, pricing, and readiness during seasonal demand. Knowing how much inventory to hold is vital. Too much stock leads to...
A solid supply chain management strategy gives you the flexibility to navigate potential challenges and maintain a great relationship with your customers. Artificial intelligence (AI) is becoming a key component...
Manufacturing companies, as well as those providing essential goods and components, rely on data to drive decision-making and better serve customers. Since modern supply chains are often global, more factors...
Most businesses thrive on exceptional customer service. It’s important to know which key metrics to track to understand whether you’re meeting customers’ needs. In the logistics industry, on-time in-full (OTIF)...
The early 2020s have transformed how many companies operate. Economic uncertainty, supply chain disruptions, labor shortages, and more have driven business leaders to improve operational efficiency. Warehouse management software can...
Companies are using Radio Frequency Identification (RFID) tags to transmit, store, and retrieve data. In fact, the global RFID market is projected to reach $48.51 billion by 2034, growing at a...
Across the country, people are shopping for new cars. However, supply chain challenges have made it difficult to get these cars to the people who want them. Understanding the current...
Managing your inventory is a crucial part of running your business. You need enough inventory on hand to meet customer demand without carrying excess product. Having too much inventory on...
