A COVID-19 SIMULATION: HOW COULD WE HAVE MITIGATED THE BULLWHIP EFFECT?

Many supply chain experts stress that we will be facing a large bullwhip effect as a result of the COVID-19 crisis. For non-supply chain people: the bullwhip effect is a phenomenon where small changes in demand at the end-consumer level lead to (unreasonably) large orders and inventory levels at the manufacturer. There are a few

INVENTORY MANAGEMENT TIPS FOR THE HOLIDAY SEASON

2020 has been a tough year for many of us. Supply Chain specialists are still struggling to cope up with the COVID-19 pandemic. Most of them try to keep up with global response measures and work diligently to secure raw materials, components and deliver to customers demand. With the Holiday season coming up, things will

IMPROVED INVENTORY MANAGEMENT: REDUCING FOOD WASTE

If you find yourself having to throw food items every few weeks from your refrigerator, imagine what goes on at a grocery store. Given the size of the industry, reducing retail food losses can mean significant savings for companies. Retail is one of the most dynamic sectors in the Canadian market due to the significant