By making KPIs actionable, measurable, and integrated into daily operations, companies can navigate the complexities of today’s business environment. Here are seven steps to doing that.
Thursday, February 27, 2025 · Al Mendoza and Lynlee Brown
The Trump administration’s frequent tariff announcements have left executives oscillating between complacency and panic, forcing companies to rethink supply chain strategies amid unpredictable trade disruptions and potential retaliatory actions.
Wednesday, February 26, 2025 · Massachusetts Institute of Technology
In the fast-paced world of energy-exploration technology, companies are constantly on the lookout for innovative strategies to help them stay ahead of market dynamics. For one global energy company, the key to unlocking efficiency was transforming how it predicts the demand…
Monday, February 24, 2025 · Sai Teja V.V and Dr. Kalyana C. Chejarla
Manufacturers specializing in EV vehicles may have a leg up on competitors trying to build dual supply lines for both EVs and ICE vehicles. But ultimately, the ability to manage the supply chain may be the determining factor.
The objective of any supply chain is to achieve the Perfect Order. Doing that, though, has remained elusive. Most companies are proficient at various points in the process, but few have achieved success at each level. The Perfect Order series lays out the path to that success.
Electronic data interchange, or EDI, is a core technology used to enable supply chain success. The technology has been so effective that it remains in place today, even though it dates back to the 1960s.
Barcode labeling projects require that the label size, label material, adhesive, label surface, and print methodology be thoughtfully considered before any money is spent.
The Perfect Order requires the perfect customer, but who is that? Businesses must identify who the end customer is and what they want to meet expectations.
It’s not enough to get the product itself right, we have to get the quantity right too. Like getting the product right, getting the quantity right starts before we even have a product.
Companies that make and sell a product are responsible for creating an internal identifier for each unique item. Many struggle to do that in a way that helps achieve the goal of Perfect Order.
Ensuring that the quantity is right means that there is quantity available in stock to always pick from. Overstocking means over-producing and expending too much cash. Under-producing can leave consumers wanting more.
Outsourcing a process does not mean you have outsourced responsibility. Businesses own their supply chains, so selecting the right source for materials is critical to customer success.
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