The right way to measure forecast accuracy if you are interested in optimizing stock levels is to focus on the accuracy of the service level projection. Just because you set a service level target (or a system recommends a target) doesn’t mean you’ll actually achieve the target. This blog explains why and details how to calculate service level accuracy.
Many supply chain consulting companies are looking at technology advancements like Artificial Intelligence (AI) and Blockchain and advising their clients that these innovations won’t be significant
You hear and read a lot about the importance of manufacturing for ensuring a healthy U.S. economy. I agree with that assessment. There is good news on that front.
Are you concerned your supply chain is too costly? Fortunately, there are some things you can focus on to keep it efficient while driving costs down.
There seems to be a growing consensus among business analysts that organizations organized around principles developed during the industrial age must transform into digital enterprises to survive i