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  The supply chain is still developing quickly to keep up with the modern era's rapid technological breakthroughs. Although it can be challenging for supply chain managers and other business executives to stay on top of these developments, doing so is essential if you want to keep your supply chain's integrity and see your organisation prosper. Your company should aim to stay ahead of the trends that are influencing supply chain management in the future rather than following them. DO YOU KNOW? AI in Supply Chain Management (SCM) solutions as a whole will reach $16.7B globally by 2027 Cloud-based AI-as-a-Service for SCM will exceed $3B globally by 2027 The Asia Pac region is the largest and fastest-growing AI in SCM Artificial Intelligence of Things is emerging as a major enabler of SCM optimization AI SCM in edge computing for IoT-enabled solutions will reach $5.35B by 2027 Material movement and tracking is the largest sub-segment within AI SCM in the manufacturing AI-enabled s...

To understand inventory stockouts and how to navigate through inventory levels, we must understand what’s stockout is. A stockout means when inventory runs out, preventing the purchase or shipment of an item, which lowers sales and diminishes revenues. Pain associated with stockouts may include clients' final farewell as well because over 90% chances are, he is not coming back to you for another shopping disaster.  Shortage in inventory can prove to be like King Tut’s curse that destroys everything. If there is no proper indication, precise prediction and final planning you’ll not be able to replenish the stocks with an adequate number of units before the selling season starts. And the stockouts of the products will remain unchanged. Now, Inventory Stockouts or Stockouts are the same things. When your inventory finishes it means your products are stockouts or inventory stockouts, and currently unavailable to your customers. DO YOU KNOW? 66% of buyers feel that supply chain problems...

Every product must follow a specific path through the supply chain management. Let's take an example of a box of apples; they must be cultivated on a farm, sorted, processed, packed, kept in storage, transported, and then sold. Whether you choose one logistics and warehousing partner or different supply chain management companies for different processes, they all must make sure that the product is maintained at an adequate ambient temperature throughout the whole supply chain journey. The US food and beverages economy and the ability here to have a surplus quantity of perishable stocks even stored in buffer ultimately depend on the logistics and cold chain management in the country. Any perishable product certainly needs cold chain management at some point in its lifespan. This includes frozen foods, dairy products, fresh produce, poultry, seafood, meat, and other perishable goods. KEY TAKEAWAYS Importance of logistics and warehousing in the F&B industry. How does technology he...

  Stockout or out-of-stock is a Sin for Businesses. What is stockout and how to prevent it? This blog will tell you everything that you need to know about Stockout like its reasons, consequences, strategies, and solutions. The percentage of products that are out-of-stock when consumers want to buy them is known as the Stockout Rate, simple! The simple formula to calculate Stockout Rate is the number of goods not in stock divided by the total number of items in stock. AWL India has done extensive research and found that the usual Stockout Rate around the world is over 8%, and it keeps on increasing. 8% may sound like a fraction to some people but in bulk order processing and the long-term, it certainly results in severe revenue loss for businesses. Key Takeaways Understand the reasons why Stockout happens. What are the consequences of Stockout? What does it costing to your business? How Covid-19 pandemic accelerated Stockout Rate throughout the world? How to prevent your inventory f...

  The final stretch of a supply chain's operations is known as last-mile delivery. The journey of a product from a warehouse to the doorstep of the final customer is also the most important step in the delivery process, and it should be well-managed for quick distribution. The last-mile delivery is the most expensive portion of the route from the transportation hub to the final destination, so resource optimization should be a top priority. Businesses are preparing this essential stage for a rapid and effective dispatch as customer demand grows. Whether it's a private residence or a retail business, the supply chain's end destination should be reached with breakneck speed for a flourishing business and to keep churning out more and more satisfied customers. In layman's terms, last-mile delivery involves six major phases: The orders are recorded digitally in our system. Then the order is delivered to the transportation hub. The order is then handed over to our delivery s...

  The COVID-19 pandemic was the most powerful and effective threat to global chains in 2020, according to the Supply Chain Resilience Report of 2020. Surpassing previously known threats like trade sanctions, natural calamities, and cyber warfare combined. KEY TAKEAWAYS   Understanding Supply Chain Resilience and its Role in Supply Chain   How Resilience Minimises the impact of Disruption   Skills to create supply chain resilience   What is Recovery Phase and How Supply Chain Return to Full Operations After Disruption   Key Capabilities When Building Resilience   Supply Chain Resilience Strategies   Breakdowns in the supply chain can now adversely impact your business's very existence. The supply chain is a complex network and the involved dangers, such as natural catastrophes, accidents, economic sanctions, and cyber warfare that are rising in frequency and intensity due to this complexity. That is the reason, resilie...