Remove 2024 Remove Exercises Remove Inventory Remove Sourcing
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October Global PMI Reporting-Continued Production Contraction

Supply Chain Matters

With output contracting for the fifth consecutive month and business optimism reportedly dipping to an 11-month low, the report pointed to cutbacks occurring in manufacturing employment, purchasing and inventory levels globally. percent in 2024. The October PMI reported value fell to a three-month low of 48.8, down from the 49.2

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

A continued subdued product demand environment and added caution reportedly led to a decline in overall purchasing activity, lower levels of inventory and improved supplier delivery times. Pre -and post inventory levels, however, fell at a weaker rate with European manufacturers reportedly being less aggressive in de-stocking efforts.

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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. The inventories index decreased 2.1 manufacturers are continuing to draw down inventory levels. The three specific regions of concern are the Eurozone, United Kingdom along with Taiwan.

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Future of AI in Supply Chain: What You Need to Know

ThroughPut

We all know how artificial intelligence-powered tools and platforms are already helping in reducing costs, optimizing inventories, streamlining operations and are continuing to contribute in multiple ways to make supply chains fail-safe and more accurate. ThroughPut AI has been named by Gartner as a representative vendor in this category.

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September and Q3 Global PMI Levels Remain in Contraction

Supply Chain Matters

Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. As the final quarter approaches, businesses and their associated supply chain management teams must scrutinize their expected 2024 product demand and supply needs. was relatively unchanged from the 49.0

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The Evolving Landscape of Artificial Intelligence (AI) in Supply Chains & Logistics

ThroughPut

At the same time, global spending on IIoT Platforms is predicted to grow from $1.67B in 2018 to $12.44B in 2024, attaining a 40% compound annual growth rate (CAGR) in seven years. ACCURATE INVENTORY MANAGEMENT. Accurate inventory management can ensure the right flow of items in and out of a warehouse. WAREHOUSE EFFICIENCY.