Safety stock - Just like an insurance policy but for your stock.
The supply chain revolves around supply and demand. If suppliers delivered on time every time and we could predict what our customers were going to buy, we could match the supply and demand, and all would be well in the world. Unfortunately, life... Read More
Where is your supply chain business on the inventory maturity curve?
The foundation of any supply chain business is their Inventory. As with any "foundation," if it’s not healthy and stable, the cracks will start to appear. Before long, you will have severe problems on your hands, which take away from the little... Read More
Business tips for supply chain startups
Starting a new business doesn't come without some serious challenges. Having started my career as the co-founder and developer for a retail management solutions company in 1995 and later branching out into the corporate world, I have seen and... Read More
Is your manufacturing business ready for the economic recession?
The USA economy saw a record-breaking 11-year economic expansion. Indicators now show that we are heading into an economic slowdown. The hiring of new staff and the demand for labor has weakened across the board. This seems to be more of a trend in... Read More
Creating an accurate demand forecast - an inventory perspective.
If you don’t know what you are going to sell tomorrow, how can you decide what to buy today? Read More
5G - The game-changer for Industry 4 and supply chain companies.
Industry 4.0 brings us exciting technologies, designed to improve business efficiencies by automating processes. For Industry 4.0 technologies to be beneficial, they need fast and reliable networks, and this is where we will see a fundamental... Read More
Trade wars - opportunity or threat to your supply chain?
The trade negotiations between the USA and China seem to be moving in the right direction, and although it looks like they are close to a formalized agreement, there is still a lack of clarity on a few issues. Until they put pen to paper, all... Read More
Who’s playing leapfrog in your supply chain?
It is predicted that global cybercrime damages will cost up to $6 trillion annually by 2021. Cybercrime is replacing traditional crime – why? First and foremost, a cybercriminal can target vastly more “victims” at one time, AND it's far more... Read More
Monthly versus weekly inventory forecasting, and delusions of accuracy
Businesses often insist on forecasting weekly, based on considerable demand variation from week to week. The belief is that weekly forecasting will be more accurate, will improve their replenishment planning, and will lead to a better managed... Read More
Natural disasters and the risk to your business
From hurricane Dorian in the Bahama's to the fires in the Amazon basin to cyclone Idai in Mozambique, natural disasters are on the increase. While governments and industries struggle to align on the short term and long-term effects of climate... Read More