by Operations Council | Oct 29, 2024 | Process Improvement, Supply Chain
Inventory is crucial to any organization that relies on supplies to deliver products and services to customers. It plays a role in the company’s cash flow, profitability, and customer satisfaction levels. Order too much inventory and you may waste money on products...
by Operations Council | Oct 8, 2024 | Process Improvement, Supply Chain
Just-In-Time (JIT) manufacturing is a production model businesses adopt to boost efficiency and minimize waste. As the name suggests, organizations that use this model manufacture based on demand needs. They don’t produce items that sit on their stock shelves waiting...
by Operations Council | Sep 18, 2024 | Economy/Economic, Supply Chain
Supply chain issues have been on the rise since the pandemic and continue to plague many businesses. Companies often work with global suppliers, presenting issues that go beyond material and labor shortages. They must also be aware of compliance laws that may apply,...
by Operations Council | Jul 15, 2024 | Supply Chain
A company’s supply chain is crucial to operations. Without supplies, businesses are unable to maintain productivity. They lack inventory to fulfill orders and may not have the resources they need to complete daily tasks. Unfortunately, several factors can disrupt...
by Operations Council | Apr 6, 2023 | Operations Best Practices, Risk Management, Supply Chain
The once-in-a-lifetime COVID-19 pandemic reshaped our lives like no other event over the past 100 years. From businesses closing to entertainment venues missing their vibrant energy, the pandemic ushered in an era that many experts continue to call the “new normal.”...
by Operations Council | Mar 13, 2023 | Economy/Economic, Operations Best Practices, Procurement, Supply Chain
The COVID-19 pandemic wreaked havoc on businesses across the globe in virtually every niche. Chief Operating Officers had to adapt to changes never experienced before in the world of business. Perhaps no other component of a business model faced more daunting...
