Barriers to Manufacturing Companies Embracing Supply Chain Data Analytics
What is Supply Chain Data Analytics? Data analytics is the process of examining and analyzing large sets of data to uncover insights and trends. It involves the use of statistical and quantitative methods to extract meaning from data, with the goal of making more informed decisions. Within supply chains, leverage data analytics to optimize operations […]
How Inventory Write-Offs Are Negatively Affecting Your Company’s Bottom Line
Inventory write-offs can have a significant impact on a company’s bottom line. A write-off is when a business takes an expense or loss that cannot be used as a deduction against income to reduce taxes. This can occur when inventory is damaged, stolen, lost, or simply becomes obsolete due to changing customer preferences. In this […]
From Reactive to Proactive Supply Chain Innovation: Shaping the Future of Manufacturing
In the fast-paced world of manufacturing, staying ahead of the competition requires more than just reacting to market demands. To truly excel and drive sustainable growth, manufacturers must embrace proactive supply chain innovation. By shifting from reactive to proactive approaches, businesses can enhance efficiency, reduce costs, and improve customer satisfaction. We will explore why proactive […]
The Future is Sustainable: Harnessing the Power of Supply Chains for Business Success
What is a Sustainable Supply Chain Supply chain sustainability involves companies taking into account the environmental and social impacts of their product’s journeys through the supply chain, including raw material sourcing, production, storage, delivery, and transportation links. The objective is to reduce environmental damage caused by factors such as energy consumption, water usage, and waste […]
CFO Supply Chain Insights: Prioritizing Performance Platforms
In today’s highly competitive market, efficient supply chain management is no longer just an option, but a necessity for a company’s success. A company’s finances are closely linked to its supply chain, with many aspects having direct impacts on financial performance in areas such as procurement, inventory management, customer service, logistics, and production. The complexity […]
How Data Analytics Can Improve Your Supply Chain
Why Data Analytics is Important Data analytics is the process of examining and analyzing large sets of data to uncover insights and trends. They can help supply chains improve end-to-end supply chain visibility, reduce costs and mitigate risks. It can help users spot challenges in their supply chain early, leaving them with more time to […]