Why Safety Stock Is So Important to Your Supply Chain

Managing a supply chain is not easy, although the job description is seemingly straightforward: Ensure that the right products are available at the right location at the right time. Sounds easy, right? That's because you haven't considered the factors that constantly get in the way — factors such as inaccurate forecasts, transportation delays, and inclement weather.

Of all the factors that…

The Seven Deadly Sins of Sales Forecasting: Part I

Can you name the Seven Deadly Sins?

Give yourself a pat on the back if you can remember at least a few of them. They are: lust, pride, greed, gluttony, envy, anger, and sloth.

The Seven Deadly Sins are reputed to earn you not just a slap on the wrist, but an eternal punishment.

Now, can you name the Seven Deadly Sins of Sales Forecasting? You're probably thinking, "I…