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What is Lean Retail (+ Why Retailers Must Embrace It)

ToolsGroup

Customers are in control, and retailers who fail to accurately predict demand, buying and allocating just the right stock to just the right stores at the are doomed to fail. What is Lean Retail? The impact of lean retail on supply chain management. Why is lean retail so important?

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Lean Inventory: Using Lean Initiatives To Manage Inventory

GlobalTranz

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits.

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Surviving an Economic Downturn in the Retail Sector

Enterra Insights

.” In addition to leveraging advanced digital technologies, both ToolsGroup and McKinsey & Company analysts insist that retailers must improve their supply chain performance to survive. ToolsGroup analysts suggest retailers adopt lean retail principles, which affect all aspects of the supply chain.

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Fueling Success: Career in Supply Chain Guide

SCMDOJO

In this blog, explore vital tips paving the way for a prosperous career in supply chain management. Whether you’re a recent graduate or contemplating a career change, uncover key insights for establishing the groundwork of a thriving career in the dynamic world of supply chain. Lucky for you.

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Managing inventory with ERP amid disruptions

SYSPRO Smarter ERP

Disruptions that have occurred during the pandemic have shown how many manufacturers have not managed their supply chains appropriately and have reaped the consequences in terms of insufficient inventory. There are ways to manage a supply chain amid disruptions but they require changes in the way the business works.

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My Take: Let’s Admit Seven Demand Management Mistakes of the Last Decade

Supply Chain Shaman

Seldom do we find a team excited about demand planning. Supply chain leaders want to improve it, but are not optimistic that they can make improvements. After two decades of process and technology refinement, excellence in demand management still eludes supply chain teams. We need to fail forward.

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Four Reviews of DDMRP for Supply Chain Planning

ToolsGroup

Lora Cecere of SC Insights was the first of the supply chain expert opinions I saw on DDMRP. He says that if “companies want to get the demand/supply balance equation right for their supply chains, they will need to invest in respond planning capabilities of some sort.