Reading Time: 5 minutes Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. Physical space used by stock comes at a cost – inventory ties up cash and working capital which could be better deployed elsewhere. As an … Read more
Reading Time: 5 minutes It is no secret that the manufacturer and distributor sectors have been some of the hardest hit by the global health crisis and recent geopolitical instability. In many cases, this has forced decision-makers to take a step back and reassess the bigger picture and implement changes where necessary to meet the growing need for agility … Read more
Reading Time: 4 minutes When you go to a store to buy a soda, you expect to be able to get it in a can or a bottle. But when the store owner buys sodas from a supplier, they order them in packs or boxes. It’s all the same item, a soda, but the units of measure are different. … Read more
Reading Time: 3 minutes How can a manufacturing business today become an intelligent and automated ecosystem – a smart factory that drives productivity, performance, and profitability? Despite external challenges such as economic conditions, fluctuating customer preferences, and unexpected global events that change the way businesses perform, the manufacturing industry continues to experience growth. The more technology shifts manufacturing structures, … Read more
