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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience. A Positive Example.

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Mastering Demand Planning: Best Practices and Tools for an Efficient Supply Chain

10xLogistics

I am continuing my series on simple definitions and thoughts in Supply Chain Management. Demand planning is a critical component of supply chain management that predicts customer demand to optimize inventory, ensure on-time deliveries, and manage production schedules efficiently. And why it is so underused I will never understand.

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6 Inventory Control Techniques for Stock Optimization

EazyStock

Inventory Control Techniques that use Stock Optimization Best Practices. So we thought we’d focus on the lesser known topic of ‘stock optimization’ – this is an inventory control technique that’s becoming more popular with inventory managers to improve the efficiency of their supply chain. What is stock optimization?

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Editor’s Choice: Why Supply Chain Design Is Not a “One-and-Done” Exercise

Logistics Viewpoints

But first, let’s get on the same page: Supply chain design solutions and definitions. Supply Chain Design: A process where nodes, modes, flows, and policies driving a supply chain are defined, reviewed, optimized, and aligned to business objectives. Here’s why, and what your organization should be thinking about instead.

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Top Takeaways from Coupa Inspire

Logistics Viewpoints

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. Coupa meets this definition. Using supply chain design to help time the investment and select the optimal location is a perfect use case.

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How AI and Machine Learning Changed Procurement Management

CLX Logistics

From optimizing operational efficiency to maximizing cost savings, organizations must navigate a complex landscape of competing priorities and evolving market dynamics. Organizations leverage AI-powered tools to automate routine tasks, extract actionable insights from large datasets, and optimize real-time procurement strategies.

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How to Use ABC Analysis for Inventory Management (and the Added Value of XYZ Analysis)

EazyStock

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.