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.
You love blogs, and so do we. We’ve got a slew of supply chain blogs that will give you opinions, insights and knowledge that can shape your professional world.
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
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.
The business landscape is changing rapidly and new technologies are disrupting a host of industries. From manufacturing to the supply chain, digital systems are revolutionizing how age-old processes are executed.
Jobsite injuries often lead to lost time, incident investigations and high volumes of paperwork. Additionally, employee morale may decrease, which in turn can lower productivity.