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. MORE

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. MORE

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%. MORE

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. MORE

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. MORE

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. MORE

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 MORE

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. MORE