2022 Black Friday faced major Supply Chain-Related Issues - Time To Prepare For Black Friday 2023
022 Black Friday brought multiple supply chain-related issues, keeping the companies busy and spending higher for the stocks they wanted. In contrast, some ordered too much too early and were left with a higher inventory for liquidation. Nonetheless, there is much more to supply chain preparation for these key holiday seasons than just buying additional stock in advance.
Due to client demand and intense competition, continuous new product creation is crucial for companies. Such advancements have shortened product life cycles. Therefore supply chain planning should closely monitor product sales to mitigate economic risk. However, firms that make items with a short life cycle find it challenging to forecast and change production plans for such products.
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Manage your inventory within clicks with Ikigai. With the simple acquisition of our Supply Chain template, data operators can quickly familiarize themselves with our flexible inventory management dashboard. Read how here.
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