Enterra Insights

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Is the Just-In-Time Supply Chain’s Time Over?

Enterra Insights

According to Funnell, “It’s called Just-In-Time and it’s made some corporations and business moguls very rich. ”[2] Those comments beg the question: Is the Just-In-Time (JIT) Supply Chain’s Time Over? Maintaining Just-In-Time Principles. ”[1] What is it? ”[3].

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A Problem Persists: Reliance on the Just-In-Case (JIC) Supply Chain Model

Enterra Insights

The Just-In-Time Supply Chain Model vs. Just-In-Case Supply Chain Model Several years ago, when the pandemic became a full-blown global crisis, most supply chains used the “just-in-time” model, which relies on resources and goods being available right when they’re needed.

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From Globalization to Glocalization

Enterra Insights

Some call the new era “localization” or “glocalization.” ” Some people, including me, prefer the term “regionalization.” ” I started writing about the movement towards regionalization back in 2008. But as the costs of transportation increase, the length of supply lines is beginning to decrease.

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Trends 2024: Artificial Intelligence

Enterra Insights

As we tackle the rise of AI-generated data, organizations will need to spend time and oversight validating the data or risk hallucinated results.”[3] Imagine being able to anticipate customer demand, optimize your supply chain and make informed decisions in real time. With AI, we can do just that. AI-enhanced Automation.

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Self-Checkout Turns Customers into Employees and Employees into Security Guards

Enterra Insights

Scanning those items is sometimes a crapshoot — wave a barcode too vigorously in front of an uncooperative machine, and suddenly you’ve scanned it two or three times. ”[3] All retailers, not just grocers, are suffering from inventory losses. ”[3] All retailers, not just grocers, are suffering from inventory losses.

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Consumer Credit, Generation Z, and the Consumer Packaged Goods Sector

Enterra Insights

Economics reporter Ann Saphir explains, “Americans borrowed more than ever on their credit cards in the [second quarter of 2023], with balances surpassing $1 trillion for the first time even as overall household debt loads were largely unchanged. Credit card balances rose by $45 billion to $1.03 credit card debt surpassed $1 trillion.[2]

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When Old Technology is Cutting Edge: The One-Year Anniversary of ChatGPT and the Benefits of AI in the Supply Chain Industry

Enterra Insights

In addition, they were never engineered to dynamically think about changeable data or navigate in a real-time environment. In addition, they were never engineered to dynamically think about changeable data or navigate in a real-time environment. As of this past June, the chatbot had over 100 million users and 200 plugins.