Artificial Intelligence (AI) dominated 2023 and its influence is only growing stronger in 2024. While the more popular AI applications can be seen on apps such as TikTok, there are numerous business applications as well. AI technologies are empowering businesses to optimize their operations, enhance decision-making, and can even drive innovation across various areas of […]
Navigating the intricate world of supply chain risk management is no small feat. In today’s ever-evolving market, characterized by rapid technological changes and unpredictable shifts, the ability to effectively manage risks within your supply chain has become an essential part of maintaining a competitive edge. The COVID-19 pandemic has further underscored this reality, pushing supply […]
As a cornerstone of the manufacturing industry, demand planning is a process that predicts product demand, with a core objective of satisfying customers through timely product delivery and maintaining a well-balanced inventory. The art of demand planning lies in achieving a delicate balance – having enough stock to meet customer needs while avoiding an excess […]
Supply chains are constantly evolving, with new innovative trends emerging each year. As we near the end of 2023, it is crucial to stop and reflect on the past few year’s developments in supply chain management. Keeping up with the latest trends and technologies ensure businesses stay ahead of the curve and remain competitive in […]
The past few years have been some of the most demanding and burdensome for all stages of the supply chain. As Director of Engineering at Manufacturing & Technology Enterprise Center (MTEC), Bob Incerto said, “in the current environment of supply chain constraints, component lead times are now measured in years as opposed to weeks or […]