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Inventory Forecasting Explained: The 2022 Guide

Unleashed

A crystal ball sometimes wouldn’t go amiss in inventory forecasting. But in the absence of a magical tool, your best bet is to manage your stock by using industry techniques and technology. Techniques for 2021 What is inventory forecasting? Accurate inventory forecasting is critical for manufacturers and suppliers.

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The 2022 Chicken Shortage: What the Cluck is Going On?

ToolsGroup

Image source: Google Trends, as of Feb. Image source: 9 News Twitter. Image source: Mashed. Among other tactics, retailers attempting to weather the chicken shortage are using a combination of supply chain planning technologies including demand forecasting and promotional tools. Why Is There a Chicken Shortage?

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The Top 15 Retail Trends for 2022

ToolsGroup

The Retail Trends Shaping How We Shop in 2022. Love it or hate it, daily necessities need to be purchased. Data source: eMarketer. eCommerce Purchases and “The New Normal” Retail Categories. As cited in Placer Lab’s Report on the Top 10 Retail Brands to Watch in 2022 , these smaller stores (down to 32,000 sq.

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Healthcare Procurement: 3 Common Challenges and Their Solutions

Precoro

Medical institutions might not typically consider optimizing the healthcare procurement process a top priority. Yet procurement in healthcare influences the overall well-being of medical institutions and, ultimately, the quality of patient care. However, procurement in the healthcare industry has some unique aspects.

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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

Continuing Disruptions in Transportation and Sourcing Materials After the pandemic, retailers are faced with new challenges and disruptions due to global conflicts, trade restrictions, and now recessions. They are more likely to shop for discounts and sales and may delay purchases of some items. In 2022 overall, U.S.

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The Top 15 Omnichannel Retail Trends to Watch in 2022

ToolsGroup

Using shop-by-store features to check inventory availability before going to make purchases in-store. 2022’s Top Omnichannel Retail Trends. 2022’s Top Omnichannel Retail Trends. Omnichannel is king in 2022. . Researching products in-store then buying online. Researching products online, then going to buy them in-person.

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How to Navigate ESG Risk with Supplier Management Software

QAD

This sounds simple enough, but we all know it’s a very complex issue and that’s partially because ESG concerns touch every part of the value chain, from the field or mine where raw materials are sourced to the packaging and transport modes used to bring your finished product to market.