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Digital Transformation Helps with Corporate Alignment

Enterra Insights

For example, manufacturing may be tasked to fill all orders which requires having inventory on-hand in distribution centers. However, distribution centers may be given the conflicting task of minimizing excess inventory space and cost. Consumers will purchase more and more goods and services online. .” ” 10.

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10 Ways IoT Can Improve Supply Chains

IQMS

Blockchain shows potential for increasing the speed, scale, and visibility of supply chains, eliminating counterfeit-goods transactions while also improving batching, routing and inventory control. Improving track-and-trace reduces the need for buffer stock by providing real-time visibility of inventory levels and shipments.

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Is Technology Killing Supply Chain Management?

Enterra Insights

Among those predicting technology will make humans redundant are supply chain and retail expert Allan Lyall and his Boston Consulting Group colleagues Pierre Mercier and Stefan Gstettner. Invariably, automated processes will result cost savings, fewer errors, and an excellent return on investment. Supply chain technologies. ”[4].

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required.

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Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

At the end of the day, customers buy based on value not on the cool factor of the technology. Kearney, Boston Consulting Group, Cap Gemini, Deloitte, E&Y, IBM, and McKinsey, they get more of the same. Second Step: Understand the Role of Inventory. Companies are unsure if inventory is a bad or a good thing. What to Do?