Vendor-managed inventory and distribution planning in the food and beverage industry – here’s something to chew on

Kinaxis

by Jeswin Philip The Food Packaging Trends and Advances report from PMMI forecasts that the US Food and Beverage industry will experience a 2.9 % CAGR through 2022. What is vendor-managed inventory? Let’s take a closer look at a vendor-managed inventory case study.

How to Change Your Inventory Management Strategy in the Omnichannel Era

Elementum

e-commerce market has nearly doubled in size since 2011, and is forecast to grow to $737B by 2022. As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. The U.S.

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The Interrelated Issues Facing the Trucking Industry

PLS Logistics

The American Trucking Association projects that the trucking industry is poised for serious growth by 2022. The forecast suggests that overall revenue for the industry will rise almost 66% and tonnage will increase 24% by 2022.

Predictive analysis: How it improves supply chain visibility

20Cube Logistics

Predictive analysis, today is part of all major business operations and processes to help forecast trends, events and to find solutions for complexities. With forecasting the future supply chain and logistics events, the companies can be in a competitive position and prevent any monetary loss.

Four Ways Blockchain Will Transform Supply Chain…and Beyond

ToolsGroup

inventory) which all saves money. . Along the same lines, blockchain technology could also allow AI networks to access big data for sensing demand and demand forecasting without needing to wait for a downstream trading partner or other entity in control.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

This newfound visibility allows participants in a supply chain to proactively optimize components of their processes (like inventory management, staffing decisions, and a thousand more) to support an efficient and agile product path. Democratizing purchase orders or predictive analytical data such as Point of Sale information can dramatically improve demand visibility, while reducing the negative consequences of poor forecasting such as the Bullwhip Effect.

Yowza! A Nine-Step Decision Process to Help Guide Supply Chain Planning Selection

Supply Chain Shaman

This client was using an excellent forecasting technology, but it was not a good fit for their business; and as a result, was causing degradation of the forecast by 14%. Even worse, the combination of process and technology degraded the forecast by 33%.

Top 10 supply chain trends for 2020

Requis

But thinking has been shifting from seeing supply chain from a linear process (for example, raw materials -> manufacturing -> inventory -> customer order -> fulfillment) to a web of relationships between the customer, multiple internal departments, and even any external companies.

Guide to warehouse robots: types of warehouse robots, uses, navigation & more

6 River Systems

between 2017 and 2022, reaching $6 billion in value by 2022 , with the U.S. Automated Storage and Retrieval Systems (AS/RS) — AS/RS solutions automate the inventory process by retrieving goods for shipment or use and returning items to their proper storage locations.

3 Reasons Why the Pharma Supply Chain is Ripe for Digital Transformation

Aera Technology

percent CAGR through 2022. By placing “sensors” throughout its supply chain that gather data about inventory distribution practices and availability for every SKU, Merck has end-to-end visibility.

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The Ultimate Guide to Manufacturing Software

IQMS

by 2025, achieving a Compound Annual Growth Rate (CAGR) of 8.27% during the forecast period. in 2022, growing at a CAGR of 7%. Spending on Manufacturing ERP software worldwide will increase from $5.87B in 2017 to $7.26B in 2022. Improve inventory management and costs. Bottom Line: The majority of manufacturers are prioritizing shop floor productivity as their most valuable growth strategy, relying on manufacturing software to be the catalyst to get them there.

Your Guide to Multichannel Selling

Unleashed

Many B2B companies combine back-office software, accounting systems, inventory management systems, and more. trillion globally; this number is forecasted to grow to US$4.88 In 2022, the augmented and virtual reality market is expected to be worth US$ 209.2

[INFOGRAPHIC] Industry 4.0: Powered by the Internet of Things & Digital Manufacturing

Cerasis

Companies will be able to do predictive maintenance to reduce downtime, better manage their inventories, and also to become more flexible and responsive to changes in market conditions.

How to Scale Health and Beauty Products: Online Stores with Intelligent Fulfillment

ShipBob

Here are some surprising stats that showcase its tremendous growth: US health, beauty, and wellness category is forecasted to reach $86 billion by 2022. Hint : Storing your inventory in one location may not be substantial in the long run.). Distributed inventory.