MODERN manufacturing doesn’t necessarily mean a shiny factory floor with robotic assembly lines and state-of-the-art technology. Instead, it is usually a mix of equipment and machinery built years or even decades ago—and still running perfectly well, says Lauren...
SUPPLY shocks in the wake of the COVID-19 pandemic show that companies will have to make their supply chains more resilient. In a Harvard Business Review article called Global Supply Chains in a Post-Pandemic World, Willy C. Shih, a professor of Management...
A shift from profit to people-first culture, end-to-end visibility, the leveraging of technology to support companies’ vision, mission and culture, the importance of planning, and the switch from transaction to collaborative approach — these are just some of the...
Inventory plays a crucial part in any business operation dealing with merchandise goods. This ensures that an organization has adequate raw materials to sustain production and enough finished products to meet the demand of the market. A survey conducted by...
Digital transformation is affecting business processes across industries, and the supply chain is no exception. Disruptive technologies, including cloud computing, robotics, automation, artificial intelligence (AI), and the Internet of Things (IoT), are shaping the...
