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Why the greenest practices are also the most profitable. Image source Almost 80 years ago, the concept of sustainability was described as a harmonious combination of environmental and social factors in the decisions and activities of a business. Sustainability goals in industries like forestry, transportation, and agriculture are often tied directly to their carbon footprint, […]
Reviewing the benefits and pitfalls of advanced forecasting methods ©Africa images via Canva.com Crystal balls and tarot cards may not have been part of the original demand forecasting toolkit , but it wasn’t long ago that intuition and personal experience were the pillars of forecasting for both production and procurement. As statistical methods and software […]
Taking real-time inventory management to the next plateau. ©Milkos via Canva.com The concept of virtual replicas mirroring every characteristic and reaction of real-world objects might sound like science fiction, but digital twins have already been with us for decades. During the Apollo 13 mission in 1970, NASA engineers used simulators on the ground to replicate […]
E-commerce triumphs come in all shapes and sizes. Image source There is no shortage of online sales competition, with over 26 million E-commerce websites already in operation around the world, and more appearing every day. A unique product, an effective marketing strategy, and a bit of luck go a long way towards making online businesses […]
Finding the right combination of resources, tools, and practices to optimize productivity. Image source The concept of warehousing dates back to the ancient mud brick and stone structures used to store grain, metal, wood, and other valuable commodities 3,000 years ago. The only barometer of warehouse performance that mattered was protection from the elements. Today, […]
Successful companies rely on marketplace data for critical decision-making. Image source Intelligence comes in many different forms, but marketplace intelligence is all about knowing your place in the competitive landscape so you can respond to opportunities when they arise and adapt to changes quickly. In this context, marketplace intelligence has been a differentiating factor for […]