5 Quick and Remarkable Tips to Improve Forecasting Accuracy

Many businesses do some kind of forecast, due to its importance to benefits it provides. However, most business also complains about accuracy of their forecasting process and want to how they can improve forecasting accuracy?   Supply Chain Management is a broad umbrella of complex functions which are aligned to meet one common goal – customer satisfaction. A customer may walk into your store or browse your website to purchase their products. What happens if your store understocks the item and it is not available? The customer may wait for backorders, but due to various reasons, they may instead search […]

supply chain stakeholders

5 Reason why Your Finance Manager is Amongst Your Key Supply Chain Stakeholders

As most of us know, finance is an important function to any organisation as the company has to know how viable its balance sheet and profit and loss (P&L) statement is. The head of this function generally titled as Finance Manager is amongst the key supply chain stakeholders in my opinion. Generally finance managers are responsible for business activities like budgeting and sales forecasting, accounting, reporting, bookkeeping, audits, payables and receivables, pay employees wages and salaries, prepare and plan internal financial information and prepare for never ending audits!   However, nowadays they are require doing more to involve in innovation […]

APICS vs ISM

APICS vs ISM – What Should You Choose?

With the ever-growing talent and competition in today’s fast-paced environment, everybody is looking for ways and opportunities to outperform their peers. If you want to enhance your skillset to further your knowledge and stay updated with the current concepts and technologies in the supply chain industry, you can consider getting a professional certification in APICS or ISM or CIPS. To make things easy to understand and choose the certification that suits you best, here are the differences between APICS vs ISM. This will serve as a guide in helping you get an overview and the types of certifications offered by […]

Supply Chain Trends

7 Powerful Supply Chain Trends You Should Not Ignore

Old industries are dying and new ones are rising. We have seen Amazon destroy the book stores, Uber transform the transport industry and Netflix make a video store a fond memory. Today’s technological disruption is fast and ruthless and it is transforming most of the industries. But I think we are behind supply chain if you compare the disruption happening in other functions like marketing and finance and it is time to focus on key supply chain trends. Then you are maybe not up with the latest fad. But fads are one thing and trends are another. Fads come and […]