Remove 2021 Remove Inventory Remove Procurement
article thumbnail

Procurement Technology: Enterprise Solutions Driving Efficiency and ROI

ivalua

Enterprise procurement leaders are under more pressure than ever—juggling cost control, compliance, supplier risk, and internal complexity, all while trying to modernize outdated systems. AI, automation, and generative tools are redefining efficiency, allowing procurement teams to move from reactive to proactive decision-making.

article thumbnail

Crisis Management and Business Continuity in Supply Chains: Bridging the Gap Between Plans and Real-World Execution

Logistics Viewpoints

Texas Freeze (2021): Supply of semiconductors and plastics ground to a halt. Companies with dual sourcing and buffer inventory got back on track faster. What a Real Continuity Plan Includes Strong business continuity planning goes well beyond a binder on a shelf. It should be woven into how the supply chain is run.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Winning the Race, Fleet Feet Implements Autonomous Mobile Robots

Logistics Viewpoints

At the end of 2021, Fleet Feet acquired JackRabbit a competitor with 55 brick-and-mortar stores across 15 states. Improved inventory accuracy in the warehouse Because of the increases in picking efficiency, workers were freed up for new tasks. Fleet Feet created an inventory coordinator team that focuses solely on inventory accuracy.

article thumbnail

How Artificial Intelligence Benefits Logistics and Supply Chain!

Supply Chain Game Changer

Better inventory management, intelligent manufacturing, flexible logistical systems, and real-time delivery controls have all been made possible by the use of artificial intelligence (AI) in the supply chain and logistics. To maximise operations, procurement must be made aware of the effects that data problems will have later.

article thumbnail

Understanding the Bullwhip Effect: Causes, Examples, and Strategies for Prevention

RFgen

Managing inventory effectively is a constant challenge for businesses. Misunderstandings about the dynamics of inventory fluctuations, like the bullwhip effect, can exacerbate these challenges. Misunderstandings about the dynamics of inventory fluctuations, like the bullwhip effect, can exacerbate these challenges.

article thumbnail

Interest Rate Increases and Their Impacts on Supply Chain!

Supply Chain Game Changer

Operating Costs and Inventories The second impact of higher interest rates will be on raw materials, operating costs and inventories. Higher inventory carrying costs will, if costs cannot be passed on, cause companies to lower their inventory levels to contain costs. Copyright © Mortson Enterprises Inc.

article thumbnail

Outage Raises Potential Medical Isotope Shortage

Exiger Perspectives

In 2021, for instance, a partnership between Northstar Medical Radioisotopes LLC and the University of Missouri Research Reactor began to produce Mo-99 through non-uranium-based tech. The facility is expected to satisfy more than one-third of global demand for Mo-99 once it begins commercial production in 2027.