A building products company missed several million dollars in revenue last year because they couldn't meet the demand. Unfortunately, this was a common occurrence. Sales increased dramatically, and they couldn't scale up their manufacturing operations and adapt their purchase requests quickly enough to take advantage of the opportunity.
As manufacturers and distributors emerge from the coronavirus pandemic, they are focused on how to grow revenue and become more efficient and profitable to offset the typically negative impacts of COVID. In the situations where business has grown exponentially in consumer industries such as B2C (e-commerce), home improvement and [...]
If you are not high performing in the food and beverage industry (and consumer products in general), you will not stay viable anymore.
It is always a good idea to stay up-to-speed with what the leaders are doing in the industry. Who do you follow?
Walmart elevates supply chain efficiency with rigorous OTIF standards, urging suppliers to enhance delivery performance or face penalties.
These key strategies will boost on-time delivery, ensuring higher customer satisfaction and streamlined order fulfillment.
Of all the overlapping metrics available to executives the best ones enhance SIOP (Sales Inventory Operations Planning), also known as S&OP, and offer the most vital information for running a business.
