What is Digital Supply Chain Management? Digital Supply Chain Management establishes a network of inter-connected systems and adopts digitization to automate supply chain operations and
What is Collaborative Planning, Forecasting, And Replenishment (CPFR)? Collaborative Planning, Forecasting, And Replenishment (CPFR) is a collaborative concept that involves the integration of all supply
What is the Reorder Point (ROP)? A Reorder Point (ROP) is the minimum threshold of stock at which the business initiates the inventory replenishment process
What is the Inventory Turnover? Inventory Turnover (also called, Stock Turnover) is a critical metric in the financial analysis that indicates how quickly a company
What is Demand Planning? Demand Planning is a process of estimating future demand for the company’s products and services through extensive analysis of historical sales
What is Inventory Replenishment? Inventory Replenishment is a strategy adopted by businesses that involves the timely reordering of inventory using various quantitative models to ensure
What is Inventory Optimization? Inventory optimization is an inventory management process that aims to improve inventory availability throughout the supply chain and production while enhancing
What is Days Sales Of Inventory (DSI)? Days Sales of Inventory (DSI) is a ratio that demonstrates how long it takes a company to convert
What is AI in Automotive Industry? AI in Automotive Industry is an artificial intelligence exhibited by computer systems to rapidly collect, analyze, process, and act
What is AI in the Food Industry? AI in food industry is the use of artificial intelligence technology and robotics to set new standards of