Inventory Management term A question for supply chains professionals is “How much finished goods inventory should be held”? But should the answer be provided as a financial value or as physical quantities? And is the answer readily available? As with other aspects of supply chains, a discussion of inventory must commence with an assurance that definitions agreed at the organisation … Read More
A defined role for AI when planning Supply Chains
Business Analytics and AI And still the seminars and articles extolling the promise of AI continue to tempt the unwary. It appears that all problems known to mankind can be solved with AI – or is it the ‘snake oil’ salesman at work to enhance the ‘fear of missing out’ (FOMO)? An example is surveys that indicate a high percentage … Read More
Changes within Supply Chains requires a trust in people
Topics to consider Commentators have noticed the push by senior management for employees to ‘return to the office’. Another topic of interest has been that of collaboration through supply chains to improve resilience of businesses. And a third area for articles is that recent events and disruptions in supply chains has the potential for global consumer and supply markets to … Read More
To change supply chains requires relevant information
Trade Lanes and Supply Chains Trade Lanes can change for a variety of both short and long term factors. But that does automatically equate to a situation that will affect or influence your organisation’s supply chains. Trade Lanes provide information on the direction of a trade, typically across international borders between ports, countries, or regions. Trade Lanes are linked with … Read More
Develop a Supply Chains Design Map to know your Network
Why is a Map needed? The network of suppliers and customers for your organisation will not become ‘integrated’, because each is an independent organisations with their own business objectives and policies. The need is therefore to build a ‘body of knowledge’ about customers, suppliers and the supply markets on which your organisation relies. An assumption can be that by acquiring … Read More