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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. This means supply chain and logistics professionals need to distinguish between more frequently purchased products and the slower-moving products customers are willing to wait for. There are Also Commercial Reasons. The Road to Agility and Resilience. A Positive Example.

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Supply Chain Resilience. Really?

Supply Chain Shaman

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Improve cross-government data sharing and analyze resilience. Expand the “FLOW” program for logistics information sharing to forecast transportation flow.

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Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

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Do Digital Your Way. Sidestep the Supply Chain Conquistadors

Supply Chain Shaman

The race started in 2016 as a foggy definition of digital appeared in supply chain marketing from technology providers. Today, there is no standard definition of digital. The numerous definitions across the supply chain technology and consulting providers are very different and often confusing. What is a digital brain?

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. With this in mind, we will explore in this blog the definition of Lead Time, its impact, and how mastering it can be your competitive advantage. Cost Savings: Reduction in inventory holding costs.

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What is Reverse Logistics?

GlobalTranz

What is reverse Logistics? Before we dive in the nuances of reverse logistics, otherwise known as return logistics, integration, let's briefly recap what reverse logistics is. Reverse logistics refers to all operations related to the reuse of products and materials. Managing return logistic can be challenging.

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Warehouse Automation Definition, Benefits and Issues

SCMDOJO

It can streamline processes, reduce errors and costs, help manage inventory, and improve safety conditions for workers. The WMS is a warehouse management software that includes all the functions of data entry, retrieval, storage, and many other business processes you may need to perform in a warehouse operation.