Remove 2024 Remove Article Remove Inventory Remove Manufacturing Procurement
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How To Jump

Supply Chain Shaman

Last week, I published an article on outside-in planning. The article introduced the concept of self-service planning and challenged companies to rethink the concepts of supply chain planning. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. The goal of the balanced scorecard?

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How to Navigate ESG Risk with Supplier Management Software

QAD

As I explained in a recent article on Supply & Demand Chain Executive , organizations that leverage supply chain digitization will be the most likely to succeed. With statistics like these, it’s clear that ethical sourcing isn’t just important from a legislative and trade compliance perspective, but is simply the right thing to do.

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Pushing the Supply Chain Reset Button

The Logistics & Supply Chain Management Society

We have heard that there is a focus on near-shoring, reshoring, and local manufacturing. Building a fab (manufacturing site) takes two-to-four years and requires the availability of water and trained labor.” If ERP system input includes lead time, why is there such bloat and a problem with inventory restatements?

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How to Predict the Unexpected and Mitigate Supply Chain Disruption with AI

QAD

Artificial intelligence (AI) is one of the big “buzzwords” of 2024, which is a shame because the technology’s analytical capabilities have a lot to offer supply chain planners – if you can cut through the hype. How else would we know which products consumers will want next, where to source inputs from or how much of an item to produce?

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What You Need To Know About The State Of The Retail Worker Shortage

ToolsGroup

Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” Source: Bloomberg.com. The article states that “presently, there are nearly two open jobs for every unemployed worker.”

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IoT Benefits for Supply Chain Operations

Enterra Insights

He observes, “The good news is that, given our research suggests a lack of understanding rather than a complete lack of interest, the industry redoubling its efforts to educate and inform manufacturers should be able to turn this situation around. It’s now up to IoT providers to ensure that manufacturers don’t get left behind.”[1]

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Prepare for Anything: Supply Chain and Ecosystem Predictions for 2022 and beyond….

The Logistics & Supply Chain Management Society

IDC expects spending on Digital Transformation (DX) on the top 5 use cases – smart warehousing, freight management, optimized operations, supplier network management, and predictive network inventory orchestration – to hit USD $33Bn in 2022. Source: 2021 FUTURE ENTERPRISE RESILIENCY & SPENDING- Wave 9, September 2021.