Mastering The Basics Of Forecasting In Supply Chain Management

Accurate forecasting is critical for the success of any supply chain management operation. Without it, businesses are vulnerable to demand volatility, overstocking, stock outs, and lost sales. However, there's no one-size-fits-all approach to forecasting. In this article, we'll discuss the basics of forecasting in supply chain management and some best practices for improving accuracy.

How Is The U.S. Supply Chain Changing & What Should Supply Chain Leaders Expect In 2023?

2023 U.S. Supply Chain Forecast: Raw material shortages, a reduction in new home construction, and disruptions to public transit caused by driver shortages. To be prepared, companies are shifting from 'just-in-time' supply chains to more dependable 'just-in-case' systems with boosted inventory numbers.

From Long To Local: Major Industries Are Bringing Supply Chains Closer To Home

With today's tense geopolitical landscape on one hand and robotic process automation on the other, the world's current manufacturing superpower is looking less and less attractive. While China remains a low cost manufacturing base, companies need to diversify their suppliers and reduce dependence on any single country.

How To Unify Your Organization With An Integrated Sales & Operations Plan

Businesses are challenged more than ever to produce goods of increasing quality at lower costs and go to market faster. What does a well-defined S&OP approach look like for supply chain leaders today?