Not ‘better’ forecasting Volatility in demand increases as more product lines are introduced that appeal to niche consumers; so ‘better’ forecasting becomes more difficult. The alternative approach is to analyse how your inventory should be managed. Based on the analysis, build a decision structure for inventory and so better manage the stock keeping units (SKUs). In the previous blogpost, it … Read More
Improve your supply chains through segmenting inventory
Uncertainty in supply chain elements Support from the Finance and Accounting group within your organisation is vital for the effectiveness of Supply Chains. A step in gaining support is through segmenting the elements of your organisation’s supply chains into categories for improved management. The main elements within a supply chain are customers, finished goods inventory and service parts (when applicable), … Read More
Inventory is a calculated and managed Logistics asset
Inventory is an asset Logistics is the science and art of providing availability of items for users. Inventory is all the items purchased and/or made by a business but not yet sold. A core part of the logistician’s role (in a brand company or at a 3PL) is to optimise the amount of inventory within a shipper (or brand owner) … Read More
Realities in the adoption of Supply Chains technologies
IT needs of different groups Supply Chain professionals must be aware of current and new technologies that can improve the movement and storage of goods, but also be aware of the realities concerning adoption and implementation. Each group in a supply chain (shippers, LSPs and product sellers) has a role in many supply chains, but their technology needs will differ, … Read More
Reducing Power and Dependency in Supply Chains Cloud
Risks when relying on the Cloud Data and information have value, so organisations need to ideally own, manage and control their supply chain data and information. But this can be a challenge in a Cloud based IT world. The continual message about ‘partners’ and ‘partnerships’ in business can hide the fact that suppliers are in business to make a profit. … Read More