“Do It Right The First Time” – determining the scientific demands is an essential basis for building a supply plan and implementing an efficient production process. Without knowledge of future demand forecasting, all the time and money invested in production planning can be wasted. By generating production demand forecasts, manufacturers can simulate market trends, enabling them to balance supply and…
Market conditions during the COVID-19 and solutions for businesses The international economy is facing the difficult problems caused by the COVID-19 epidemic, especially in sectors such as Food & Beverage and Vehicles. Many countries have released alarming figures about the economic downturn in 2020 and not decline in 2021. However, objectively judging the COVID-19 pandemic has also awakened the management…
In the modern supply chain, visibility is more critical than ever; it helps managers minimize analysis time and get fast, accurate information to make timely decisions. Key Facts Visibility Visibility is a critical industry-wide requirement for 2020. These days, changes in shopper behavior and regulatory requirements from the environment put pressure on supply chains. This requires supply chains to leverage…
From 2018, businesses have focused more on supply chain operations, along with technologies that have also been widely applied in chain operations. Many third parties provide logistics services and also have many management solutions. However, the question "which is the reasonable choice?" Which company is the supplier can Vietnamese enterprises keep up and even surpass customer satisfaction? With this question,…
