Global supply chains in the current business world still lack transparency. What’s more, business leaders often deal with prolonged delays in reporting cycles. There is no surprise considering the supply chain is usually spread across multiple manufacturing and logistics entities…
If you run a business, then you must understand that your inventory can make or break your business. Without proper inventory management, you will frequently face unwanted situations like stockouts or overstocking. That’s why you need to fuse your business…
Supply chain management is the process of organizing and overseeing supply chain activities with the goal of achieving a competitive advantage. The core of any company’s operations, supply chain management involves everything from the acquisition of raw materials through to…
‘Availability’ is the golden word for any business. Every business wants to ensure the availability of products when their customers are looking for them. Every ‘out-of-stock’ sign means lost sales and often lost customers. But to stay available and still…
Launching new products is crucial to any growing business. Bigger businesses frequently launch new products as they venture into newer markets. Often, a product new to a company may already exist under a different brand name. A unique product is…
Watch the latest Lets Talk Supply Chain with Sarah Barnes-Humphrey. TransImpact CEO Berkley Stafford shared his unbiased, behind the scenes approach to current industry challenges. The two chatted about why complexity leads to opportunity, and why the industry as a…
When it comes to business forecasting, people typically think first of the quantitative type of forecast. This takes historical, time series, or correlation data and extrapolates from it to project what is likely to happen. However, qualitative forecasting can also…