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ToolsGroup Acquires Evo for Industry Leading Responsive AI

ToolsGroup

The integration of Evo’s responsive AI solutions with ToolsGroup Service Optimizer 99+ (SO99+) and JustEnough® solutions will offer customers the most efficient, real-time supply chain and price optimization solution available. And Evo’s responsive AI gives us an essential ingredient to deliver the autonomous supply chain of the future.

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This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

The fund had a slow start with reportedly just $110 million invested into startups in its first year. I have often written about legal issues and battles in California, as the state has been in the news for its warehouse and trucking emission rules, independent contractor rules for gig workers, and union disagreements at ports.

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A New Decade: Give Science A Chance

Supply Chain Shaman

We had just recovered from a recession, and my goal was to help supply chain leaders create a better supply chain by the end of the decade. At that time, Supply Chain 2020 seemed so far away. Only four percent of companies compared to their peer groups improved balance sheet performance of growth, operating margin, and inventory turns.

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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

OpenAI, a UK-based AI research laboratory, was founded in 2015 by Sam Altman and Elon Musk, among other notable tech figures. 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.

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Inventory Obsolescence: It Can Get Complicated

ToolsGroup

The knack in today’s innovation economy is to understand how the value of a particular SKU deteriorates or its costs increase so that profit erosion can be factored into inventory optimization calculations. According to Nucleus Research, in its July 2015 Research Note , companies can optimize inventory using the right algorithms.

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Retail Inventory Shrinkage Remains a Problem

Enterra Insights

For the last few years, inventory shrinkage has annually cost U.S. retailers just under $50 billion combined. ” Regardless of how inventory is lost, shrinkage costs retailers a lot of money. To reduce shrinkage, retailers need to have a strategy to address each of the ways inventory can be lost. Human errors.

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This Week in Logistics News (June 22-26, 2015)

Talking Logistics

April 2015 North American Freight Numbers. World trade registers modest growth in first quarter of 2015. But we’ve seen this movie many times before: bad things happen in the long term (quality issues, supplier bankruptcies, etc) when you increase the cost of doing business for your suppliers but still demand price decreases from them.