Unlocking the Power of Inventory Management
Inventory management, a seemingly mundane aspect of business operations, holds the key to a world of efficiency and profitability. It’s the art of determining the optimal levels of inventory to meet customer demand while simultaneously slashing holding costs. If that doesn’t sound compelling yet, let’s …
Demand forecasting: Predicting customer demand accurately to optimize production and inventory levels.
Q: What is demand forecasting? A: Demand forecasting is the process of estimating future customer demand for a product or service. It involves analyzing historical data, market trends, customer behaviour, and other relevant factors to predict future demand patterns. Recent advancements in AI and ML …
TIM GRAY – TOP 30 GLOBAL THOUGHT LEADERS ON SUPPLY CHAIN (2020)
Top 50 Global Thought Leaders and Influencers on Supply Chain (February 2020) Here’s the Thinkers360 leaderboard for the top 50 global thought leaders and influencers on Supply Chain for February 2020. Congratulations to all our thought leaders and experts who participated! More than just a …
Maximizing Efficiency and Meeting Customer Needs: The Importance of Using Metrics That Matter in Supply Chain Management
Companies should invest in utilizing metrics that are truly meaningful and relevant to their operations. By doing so, they can optimize their supply chain and make more informed and strategic decisions. Having visibility into the costs and consequences of each decision point in the supply …
Supply Chain Planning Challenges in the Packaging Industry
In this episode at Supply Chain Partners TV and Podcast, Tim Gray, the Director and Supply Chain Solutions Expert at Prophit Systems discusses Supply Chain Planning Challenges in the Packaging Industry. About Prophit Systems: Prophit Systems is a supply chain technology and consulting company that offers …
Top 10 Manufacturing Solution Providers – Building Supply Chain Solutions for Tomorrow
Excepts from Manufacture Outlook: “For more than two decades, Prophit Systems has been providing significant results to the APAC packaging industry. The company’s success is underpinned by its ability to deliver a return on investment (ROI) in less than 12 months on supply chain improvement …
Certificate of Resilience for Redefining Business Processes
It is my honour to receive the Certificate of Resilience from the exclusive 2020 Premier’s NSW Resilience Roundtable. Celebrating our resilience throughout the challenging times of 2020 and discussing ways in which we can improve conditions for more NSW Exporters to reach global markets in the …
DISASTER PROOFING YOUR BUSINESS
It is not only our personal health that is at threat from the deadly COVID-19 virus, it’s also our businesses and livelihoods that this silent killer has under attack. We have already seen the first wave come through, wiping out the travel and tourism sector …
INTEROPERABILITY: ACHILLES HEEL OR THE SPECIAL SAUCE
Everyone from supply chain to healthcare is talking about Interoperability, or the ability of information systems to work together within and across organizational boundaries, by enabling different information technology systems, and software applications to communicate, exchange data, and use the information that has been exchanged. …
BLOCKCHAIN: THE GREAT PARADIGM SHIFT
During The 2017 Supply Chain Insights “Imagine Supply Chain 2030 Global Summit” I found myself surprised and confused by a topic I felt I had a strong handle on. Having sponsored my own company’s R&D efforts in blockchain I thought that I have a deep …