Pivoting from ‘Just-in-Time’ to ‘Just-in-Case’ Inventory Management

employees in warehouse managing the flow of inventory

Recent Supply Chain Disruptions are Making the Case for This Shift in Inventory Management Since the start of 2020, shortages have been an almost constant issue for manufacturing businesses around the world. While we saw consumers adopting a ‘just in case’ mentality when it came to buying household commodities, not all manufacturers were able to …

Your Reaction Speed Can Be Your Biggest Competitive Advantage

Individual in warehouse checking inventory with a tablet

As anyone working in the manufacturing sector will understand, a significant amount of time is allocated for planning, reviewing strategies, forecasting sales and profit, as well as setting budgets. While this was never a straightforward task, it has been made all the more difficult over the past few years, with the COVID-19 pandemic, rising prices …

5 Benefits of Material Requirements Planning (MRP) for the Supply Chain

Material requirements planning (MRP) is a digital inventory management system designed to improve inventory planning, scheduling, production, and management. It identifies what is needed, how much, and when. Using MRP software systems, manufacturers can schedule production requirements to meet demand, check inventory, allocate resources, identify bottlenecks, and find solutions. MRP depends on accurate inputs, including …