Inventory management is a little like the classic Goldilocks fable. Too much inventory burns cash, clutters warehouses, and complicates operations. But too little inventory is equally harmful, freezing a business in its tracks, killing sales, and damaging reputations. For supply chain professionals, the challenge is navigating the delicate balance between too much and too littl ...
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Putting Your Trust in Blockchain
“Trust is fragile in a digital world,” write the authors of a new PwC study, Time for trust: The trillion-dollar reasons to rethink blockchain. They note that more than half of CEOs surveyed believe faltering trust is a threat to their organization. Increasingly, companies are wary of cybercrime, fraud, data loss or misuse, and other risks associated with the internet, digital ...
Supply Chain Leaders Partner to Deliver Life-Saving Vaccines
In 2018, Dr. Ugur Sahin addressed a conference room of infectious disease experts, making a bold — and ultimately prophetic — statement. He announced that his company, BioNTech, could use its messenger RNA technology for rapid development of a vaccine in the event of a global pandemic. At the time, COVID-19 didn’t exist, and BioNTech had never even brought a product to market. ...
Stronger Futures in Supply Chain
It’s been nearly eight months since the World Health Organization declared COVID-19 a pandemic. In that time, millions have endured national lockdowns, with many making an abrupt pivot to remote work. In fact, about 40% of the U.S. labor force is able to work from home — which begs the question: What about the other 60%? “The pandemic is starkly reframing societal inequalities ...
ASCM (APICS) is the world's leading association for supply chain management, providing education and certification programs.