Inventory Management

Supply Chain executives, leaders, and personnel often find themselves not knowing what inventory they have, where it is, and when it expires. The list of what-ifs can be quite daunting. Despite the criticality of the answer to these questions, that information is not at the fingertips of executives, leaders and personnel. Needless to say, this

supply chain agility

Whether it is a global pandemic, trade wars, geopolitical instability, tariffs or natural disasters, these disruptions make a significant impact on supply chains globally. With such unpredictable disruptions, companies must invest in building key capabilities in their supply chains i.e. agility, resilience, and sustainability. Here we will talk about how to increase supply chain agility

Material Requirements Planning

Material Requirements Planning (MRP) is one of the most important processes for manufacturers that should be run at the right frequency. With the right MRP, an organization can expect an increase in on-time shipments, lesser inventory carrying costs, lower inventory shortages, and happy customers. Whether it is done through the ERP (Enterprise Resource Planning) system,

The year 2021 saw supply chain issues getting worse due to the ongoing COVID-19 pandemic. For instance, the computer chip shortage had a ripple effect across various industries. There were concerns raised about everything from restaurant food supplies to coffee shortages to lithium supply for electric vehicle batteries. Supply chain issues have never been so

Contingency planning is all about having a backup strategy for your business in case of any unforeseen events that may knock off your plans off track. Every project undertaken in a business has a unique set of risks, therefore when project managers carry out a risk assessment and identify potential threats, a proactive backup plan

Network planning in supply chain management is a complex task that involves coordinating different individual companies, integrating several processes and activities in the supply chain network to improve the value of products or minimize system-wide cost while satisfying the demand of consumers. What is network planning in supply chain management? Supply chain network planning is

When you are managing a project, invariably you have to weigh one option against another. A cost benefit analysis is the easiest way of comparing all your options to determine which will be the right one for your project. What is Cost Benefit Analysis? CBA or Cost Benefit Analysis is an efficient technique that is

Looking for a career in supply chain management? You are not alone, especially now when the COVID-19 pandemic has raised awareness about the global importance of this crucial sector- and has shown it to be a great career option. Supply chains involve a series of processes that takes a product from the manufacturer to the

With companies now pursuing broadened supply chain strategies, the ability to manage quality in the supply chain has become more challenging. Supply chain management has a direct impact on the product quality and the overall profitability of the company. Therefore, efficient quality control across the supply chain is vital for maintaining a competitive edge in

Transparent Supply Chain

Transparency in the supply chains is rapidly becoming a priority as companies, consumers, governments, and other stakeholders are demanding details about the systems and sources that deliver goods. With more transparent supply chains, companies can connect better with consumers, build trust, and create improved visibility to all parts of the supply chain. What is supply