inventory

2 articles

Improving Traceability for Better Supply Chain Performance

Choosing a solution to track and trace products can impact supply chains in multiple ways.

Many companies are striving to improve supply chain traceability in response to increasing demand from customers and government regulators for more information on product flows. The ability to accurately track the movement of products also helps companies increase the efficiency of supply chains. Researchers at the Malaysia Institute for Supply Chain Innovation (MISI), Shah Alam, Malaysia, […]

Will Data Reshape the Future of Logistics?

Advancing from reactive thinking to predictive problem solving will create smarter transportation networks.

Today, companies mostly use data to explain what has already happened, a practice known as descriptive analytics.  The more advanced companies turn to analytics to predict what might happen next. But just 3 percent of firms deploy prescriptive analytics, which goes beyond prediction and determines the optimal action to take. Increasingly, businesses will use analytics. […]