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After facing the adverse effects of uncertainties, buyers, suppliers, employees, and investors are becoming increasingly aware of their environmental responsibility. According to Forbes, Climate change and ESG have become business priorities for global supply chains, and there is a strong favor for planet-friendly competition.    A company’s supply chain is the biggest source of carbon …

In our previous article, we discussed the importance of correctly optimizing the data and how it impacts organizations positively. The next logical question that arises is how mature companies are in their data.    But how well are the companies using their data to drive valuable outcomes? Simply put, In simple terms, data maturity is …

Statistically, around 2.5 quintillions bytes of data are created every day. Yet many experts cannot say confidently whether the data analysis on which they base their multi-million dollar decisions is meaningful.    First, it is important to understand, what entitles data? And how do we differentiate between clean and dirty data?   Simply data can …

According to McKinsey, the value of pharmaceutical goods traded has grown sixfold. From 116 billion euros in 2000 to 594 billion euros in 2019. In the last ten years, there has been a drastic shift in Active Pharmaceutical Ingredients (APIs) production, mainly due to cost. According to the FDA, 40% of registered manufacturing sites for …

In motor vehicle production, approximately 15,000 to 25,000 parts are used. A shortage of just a handful of these parts can increase the lead time excessively. As globalisation continues to boast, approximately 50% of spare parts are produced in China now. The closure of the Chinese market caused a shortage of 1.7 million automotive parts. …

In the post covid era, B2B Retail buyers and sellers have evolved drastically and amplified their expectations. Though they entered the digital arena through e-commerce, several B2B companies are still struggling to maintain the demand and supply equilibrium, and maintain their customer relationships.   Let’s look at the factors acting as a hindrance for B2B …

In our third article of this resilient planning series, we’ve exposed the limits of the deterministic model and supported the need to move to a more resilient approach.  This paradigm drift is crucial to mitigate this uncertainty in this VUCA world properly. How exactly will this approach be beneficial to mitigate volatility?   As a …

Do you remember when you first started? Flowlity was launched in 2019 with COVID-19 just on the horizon! How did the crisis impact your operations? JB: The health crisis has more or less always been in the background for Flowlity. The hardest part was building our client portfolio between March and May. For those three …

Of all existing planning models, the most widespread in supply chains is the deterministic approach. However, the model has its limitations and can be potentially misleading. Gartner analyst Tim Payn believes it’s time to move to resilient planning. What is the deterministic model?  The Deterministic Model predicts events without taking random variation into account. This …