Remove 2029 Remove Forecasting Remove Manufacturing Procurement Remove Procurement
article thumbnail

The Insider’s Guide to Choosing the Best Inventory Management Software for Your Business

RFgen

After all, if products are not properly traced, accounted for, and utilized, there are far-reaching effects across the product life cycle, from procurement to delivery. billion by 2029. devices, and more—providing a single source of truth. Understanding the importance of inventory management is crucial for any organization.

article thumbnail

Can Supply Chains Adjust to a Circular Economy Over the Next Decade? Part 2

Enterra Insights

Mattos adds, “A critical supply chain challenge is how to reconfigure distribution channels, forecast methods and technology to generate value across business ecosystems. As the name implies, a circular economy is one in which the loop between manufacturers and consumers is closed. ”[3] It’s an important question.

article thumbnail

Airbus Acknowledges Supply Network Constraints Impacting Wide Body Production

Supply Chain Matters

This procurement further includes the aircraft being powered by General Electric engines, which is another boost to GE’s order backlog. The persistent flare-up outbreaks of Covid-19 globally that extended into 2022 were a factor in such forecasts. Reportedly GE Engine’s unfilled order backlog equated to $135 billion at the end of 2022.