Inventory forecasting, also known as demand planning, is a data analysis method used by purchasing managers and decision makers to predict inventory needs, anticipate demand fluctuations, uncover savings opportunities, enhance marketing strategy, and ensure customer satisfaction. Inventory Forecasting & Everyday Data Every single day the world collectively produces approximately 2.5 quintillion – 2,500,000,000,000,000 – bytes…continue reading
Food Traceability: Why it Matters
Traceability, as defined by the International Standard of Organization (ISO): The ability to identify and trace the history, distribution, location, and application of products, parts and materials. Traceability, as defined by the United Nations Global Compact: The ability to identify and trace the history, distribution, location, and application of products, parts and materials, to ensure…continue reading
9 Business Sustainability Strategies
Did you know that by 2025, 1.8 billion more citizens of Earth will join the global consumer class? That’s right — 1.8 billion more customers — extremely exciting for your future ROIs. The global population is expected to reach 8.1 billion by 2025. The earth, on the other hand, is not expected to gain any…continue reading
eCommerce Fulfillment: 3 Best Practices
Over the last decade, eCommerce has become more and more prevalent worldwide. By 2021, global eCommerce retail (B2C) sales are projected to reach 4.8 trillion dollars and U.S. B2B eCommerce sales are projected to reach 1.2 trillion dollars, according to Statista. With eCommerce sales projected into the trillions, there isn’t much doubt about how lucrative…continue reading
Construction ERP VS Common Industry Challenges
Construction labor shortages in the United States have remained consistent over the last few years and are expected to worsen for the foreseeable future, even as unemployment within the construction industry reaches all-time-lows, as reported by Deloitte. Small and mid-sized construction businesses have little control over labor pains – but solving other challenges with an…continue reading
