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Showing posts from December, 2021

What are the Latest Trends in Sustainable Supply Chain Management?

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  With changing trends in technology, business environment, and ever-evolving customer demands there is an urgent need to improve the supply chain. Ways are being introduced to integrate sustainability in the supply chain to improve management. The important trends that are evolving in the supply chain processes are: Improving efficiency  Efficiency/Eco-efficiency refers to the process of reducing the negative impact on the environment. Green logistics drives eco-efficiency in the supply chains and this is ensured by consuming or utilizing less non-renewable sources of energy. The objective is to minimize the waste and maximize the value.  This can also be done by adopting a cleaner mode of transportation. Making use of clean equipment such as moving from diesel to hybrid or electric vehicles. Improving and redesigning the load planning and product packaging to reduce the GHG emissions. Maintain focus on operational efficiency and excellence in terms of environmental impa...

How Integrated Business Planning Can Help Deal with Uncertain Times?

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Accurate sales forecasting is important for the growth and success of any business. It helps companies embrace themselves for unexpected emergencies. For the growth of any business apart from the accuracy it is important to take into consideration several other aspects that can impact the forecast.  One of the aspects is Integrated business planning. An integrated approach in the business helps get more out of the forecast by allowing the building and modification of the plans in real-time so that the businesses can respond effectively to the challenges and opportunities. Supply chain management consultant helps businesses streamline the demand planning optimization of services . How do businesses get benefitted? Development and customization Businesses get customized forecasting that is influenced by decision-making needs.  Integration of the dynamic forecasting Forecasting can be done with dynamic systems and solutions. The dynamic algorithms push the error in terms of pre...