Inventory management is vital for balancing supply and demand, minimizing costs, and maximizing efficiency in businesses, and just so happens to be the topic of conversation in this week’s new episode of Whiteboard Wisdom! In this conversation with Scott Luton, supply chain expert Marcia Williams discusses five key inventory management metrics that every supply chain professional should master. Join us as Scott and Marcia emphasize the importance of understanding the concept behind each metric and how they can vary depending on the industry and company strategy. Tune in to learn more about the need for continuous measurement, why you should adjust these metrics to reflect changes in the business environment, and so much more!

Emerging innovative strategies and technological advancements are set to revolutionize the industry… are you ready for them? In this episode, host Scott W. Luton delves into the rapidly evolving world of supply chain management with special guests Tom Moore, Founder and CEO of ProvisionAi, and Jake Barr, CEO of BlueWorld Supply Chain Consulting. Listen in to gain invaluable insights into the significant shift towards outsourcing in manufacturing and its implications on supply chain dynamics and how predictive analytics and AI are becoming game-changers in managing supply chain efficiency and reducing environmental impact. Along the way you’ll also learn practical strategies for optimizing load management, highlighted through successful case studies from renowned companies like Unilever and Campbell Soup. This episode is a must-listen for anyone looking to understand the future directions of supply chain management and how embracing technology and innovation can lead to substantial cost savings, improved operational efficiency, and more sustainable practices. Tune in to equip yourself with the knowledge to navigate the complexities of modern supply chains and drive meaningful change in your organization.