article thumbnail

Taming Supply Chain Bullwhips with Artificial Intelligence

Logility

Taming Supply Chain Bullwhips with DemandAI+ Bullwhip effect is a common term used in supply chain to describe how a small change in consumer purchasing pattern or a change in any demand pattern that can cause significantly large impacts to supply. Excel-based tools lack these capabilities.

article thumbnail

Digital Path to Purchase Decreases Retailers’ Reliance on Holiday Shopping

Enterra Insights

Amazon’s Prime Day in July, for example, has led to more retailers like Target, Walmart and Kohl’s offering steep discounts on toys, apparel and electronics during the summer, in a bid to stay competitive. Consumers are demanding faster shipping, better visibility and excellent customer experience from the places they shop.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Backorder: May 15, 2024

Unleashed

Unstable market conditions, client destocking, and the Red Sea crisis – in combination with the rise of average purchasing costs – are responsible for the recent drop in manufacturing PMI , according to data provider S&P Global. Forecast demand. UK & US manufacturing sectors shrink as costs rise, new orders fall.

article thumbnail

Logistics Software: How to Make Handling Peak Times Easy

Logistics Viewpoints

This warehouse runs at a perfect optimum with fixed capital in the form of inventory balanced perfectly with sales and purchasing, and all the items perfectly distributed to the various storage areas of the warehouse. The data can be used to make a precise forecast. Operational excellence systems for the best use of the human resource.

article thumbnail

Unlocking the Power of Inventory Control Techniques

Logility

Many companies prioritize forecasting and inventory management but often neglect the efficiency of the stock that’s on hand. It involves overseeing the entire inventory lifecycle—from purchasing and delivery to storage and dispatch. This is where inventory control techniques come in.

article thumbnail

Building Outside-In Processes

Supply Chain Shaman

While traditional supply chain processes evolved from functional excellence definitions for source, make and deliver from the inside-out; to make the digital pivot and become more market-driven, companies need to define new supply chain processes outside-in. How can you use electronic payment methods to get better terms? Customization?

article thumbnail

Fresh Forecasting & Replenishment: Running an Efficient Omnichannel Grocery Retail Operation

RELEX Solutions

Fresh Forecasting & Replenishment: Running an Efficient Omnichannel Grocery Retail Operation. Accurate forecasting is at the core of increased operational efficiency as it is key to accurately match resources, such as stock and personnel, with demand. Forecasting for Different Sales and Fulfillment Channels.