supplychain

Top 5 Supply Chain Technology Trends in 2021

Supply chain today, is a vital part of most businesses. If not for all, it is majorly important for producers, vendors, warehouses, transportation companies, distribution centers, and retailers, all of whom run their businesses with the purpose to ensure timely delivery of products and services to consumers. And while running their business smoothly depends on…

supplychain

Demand Forecasting in the age of AI

Improving demand forecasting in the age of AI is one of the most promising applications for any supply chain. Wondering why? As much as it seems difficult, here’s a clear explanation that will get the facts straight. The importance of demand forecasting • The term ‘demand forecasting’ clearly means forecasting demand. • The purpose of…

supplychain

The Evolution of Supply Chain Management

Supply Chain Management is the process in which a company manages the flow of its goods and services from the point of origin to the point of consumption. This process involves movement & storage of raw materials, work-in-process inventory, finished goods, end to end order fulfillment, movement of finished goods from manufacturer to warehouse, and…