ThroughPut

MARCH 25, 2024

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. The main benefits of accurate demand forecasts are: 1.

Forecasting 52

Forecasting Forecasting Software Modeling Demand Planning Software 52

ToolsGroup

OCTOBER 10, 2022

Like most industries, manufacturers around the world are feeling the pinch of inventory disruption brought on by shortages and other supply chain challenges. Depending on what report you read, manufacturers are either stockpiling inventory to meet service levels or scrambling to stock up on inventory and often miss the mark due to shortages.

Inventory Reduction 156

Inventory Reduction Cost Reduction Strategies Sourcing Strategies Material Savings 156

Stord

MAY 8, 2024

It's important to partner and select the right technology partners that can take on the role of many disparate systems - this will ensure a less complex architecture and a source of truth. It’s the only way to ensure they meet their specific client requirements and can truly fuel their supply chain as a competitive advantage.

Optimal Sourcing 156

Optimal Sourcing Logistics Network Optimization Software Supply Chain Planning Software Optimization Software 156

EMERGE App

APRIL 5, 2024

The picture of wholesale distribution industry in 2024 The report from Research and Markets forecasts that the wholesale market size will reach $68,092.65 Understanding the right approach to survival in this industry in 2024 might be the best abundance now. 7 pointers that can help your business survive in 2024 and beyond 1.

Purchasing Skills 52

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ToolsGroup

OCTOBER 25, 2022

But behind the scenes, demand planners were at work, trying to strike a balance that would help them turn a profit and meet demand without being saddled with rotting pumpkins come November 1. Read on to learn about: Seasonal Inventory and Its Application Across Industries. Benefits of Effective Seasonal Inventory Management.

Inventory Reduction 156

Inventory Reduction Inventory Optimal Sourcing Supply and Demand 156

American Global Logistics

FEBRUARY 15, 2024

Disruptions in transportation infrastructure, such as port congestion and strikes, can cause delays, increase costs, and lead to inventory shortages. Changing consumer demands and preferences can also disrupt supply chains, requiring businesses to adapt and adjust their strategies to meet evolving market needs. Contact us today.

Supply Chain Risk Management 52

Supply Chain Risk Management Risk Management Agile and Lean Supply Chain Supply Chain Planning Software 52

ThroughPut

JANUARY 4, 2024

Prominent sources of bottlenecks include: Subpar Maintenance Planning occurs when machinery cannot meet demand due to technical issues or incapacity to function at the needed velocity. It allowed Intel to meet the growing demand for its Pentium chips and regain its competitive edge in the market. appeared first on ThroughPut.

Manufacturing Procurement 52

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Logility

MAY 26, 2022

Key Takeaways: • Supply chain volatility is expected to continue and plague some sectors until 2024. 25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Then, there’s the issue of surplus inventory. Demand variability has always confounded inventory planning.

Demand Planning Software 173

Demand Planning Software Supply and Demand Modeling Supply Chain Planning Software 173

Supply Chain Matters

FEBRUARY 5, 2024

Outlook for 2024 According to the company’s financial performance press release , ongoing macroeconomic uncertainties are expected to weigh on the business environment in the near-term. The Company will meet demand for semiconductors for AI applications and expand into AI-enabled consumer product markets.

Electronics 52

Electronics Optimal Sourcing Modeling South Korea 52

ToolsGroup

AUGUST 1, 2022

Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. Department of Commerce International Trade Commission , the percentage of retail sales sourced from ecommerce is predicted to increase into 2024–well beyond the lockdowns that caused the initial rise in ecommerce spend.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Supply Chain Matters

JANUARY 19, 2024

Moeller Maersk , speaking on a panel at the World Economic Forum meeting in Davos indicated that the ongoing Red Sea disruption is “ extremely disruptive ” and could also be longer in duration. retailers are already experiencing notifications of extended arrival times of ordered inventory. Some European and U.S.

Shipping 52

Shipping Transportation Supply Chain Planning Software Scenario Planning 52

Unleashed

JUNE 23, 2021

Best practice inventory management – and the wider world of supply chain management – has played a big part in business survival through 2021. With that in mind, here’s our pick of the 10 most important inventory management trends for 2022. 10 inventory management for 2022: 1. Inventory analytics goes mainstream.

Inventory Management Software 80

Inventory Management Software Inventory Reduction Inventory Management Supply Chain Planning Software 80

SCMDOJO

APRIL 15, 2024

With a wide array of products stored in its fulfillment centers, Amazon can consolidate orders and optimize its inventory management systems. Source Amazon Product Range One of the key drivers of Amazon’s success in logistics is the sheer breadth of its product range.

Logistics Network Optimization Software 81

Logistics Network Optimization Software Inventory Reduction Sourcing Strategies Inventory Management Software 81

ToolsGroup

JUNE 15, 2023

Quote from a CSCO: “In our monthly S&OP meetings we hardly ever have time to get to the strategic decisions. This AI-driven forecasting method incorporates data from a broader range of sources to generate a range of probable forecast outcomes and calculate the likelihood of each. Looking for more Gartner-related insights?

Gartner 293

Gartner Supply Chain Planning Software Supply Chain Software Supply Chain Design Software 293

ToolsGroup

OCTOBER 3, 2022

How to Hire in a Labor Shortage and Meet Customer Expectations. 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. Hiring Halts and Reductions.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

Logistics Viewpoints

MAY 19, 2023

That assessment comes as a result of 10 months of subdued demand, inventory de-stocking, and high interest rates, the New Jersey-based company said in its “The GEP Global Supply Chain Volatility Index.” But a key focus right now for Amazon is using AI to figure out where to place its inventory. billion between 2022 and 2024.

Logistics Network Optimization Software 210

Logistics Network Optimization Software GEP Logistics Florida 210

ToolsGroup

APRIL 1, 2022

Industry professionals have put in tireless hours and taken strategic measures to keep the supply chain moving and meet customer demand. Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

Supply Chain Matters

JUNE 15, 2023

Earlier this month, the company broke ground for a $65 million expansion of the existing manufacturing facility located in Skowhegan, Maine , which will double the capacity of this facility by the end of 2024. sourcing product development and production strategy. and global consumer demand and drive future business growth.”

Manufacturing Procurement 52

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ToolsGroup

FEBRUARY 7, 2022

Data source: eMarketer. or the ability to order groceries while waiting at the doctor’s office, MCommerce sales are expected to exceed 400 billion US dollars in 2024. Image source: Bring Me the News. Maximizing sales with this method requires accurate modeling of demand to ensure you have enough inventory to ship to stores.

Supply Chain Planning Software 177

Supply Chain Planning Software Trends Retail Forecasting Software 177

ThroughPut

JANUARY 19, 2024

It starts by integrating various existing data sources (ThroughPut works with what you already have!), Key features of the module include Scenario Planning, Asset Performance Tracking, Inventory Optimization, and Demand and Supply Performance Analysis. The tool provides detailed insights for both immediate and future inventory needs.

Capacity 52

Capacity Scenario Planning Optimal Sourcing Sourcing Strategies 52

Resilinc

OCTOBER 2, 2023

While companies do have some excess inventory available, the automotive supply chain is experiencing layoffs, furloughs, auto parts shortages, and idling operations. Labor disruptions, including strikes, are one of the top 5 disruptions impacting the automotive industry this year—and on the list of megatrends for 2024.

Automotive 75

Automotive Negotiate Pricing Negotiating Skills Supply Chain Planning 75

EazyStock

APRIL 18, 2023

Supply chain managers and inventory management professionals face a constant barrage of supply chain crises, with one always waiting around the corner. In this blog, we focus on how supply chain and inventory management professionals can mitigate the impact of high inflation and interest rates. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Optimal Sourcing Supply Chain Software Inventory Reduction 52

Supply Chain Matters

NOVEMBER 10, 2023

With the 2023 aircraft delivery goal remaining as 720 aircraft, we pointed that that Q4 monthly production will need to meet or exceed 232 aircraft. The report further indicates that Pratt is ramping up production of replacement affected engine parts, but production levels may take up to mid-2024 to achieve run rate capacity levels.

Supply Chain Planning Software 52

Supply Chain Planning Software Modeling Manufacturing Procurement Supply Chain Planning 52

OptiProERP

SEPTEMBER 10, 2021

billion by 2024.” Each module is integrated into the system to ensure a single source of accurate data in the organization. Inventory Management . Inventory Management. Inventory Management allows manufacturers to gain real-time inventory information and manage all aspects of the business on one platform.

Manufacturing Procurement 96

Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software Inventory Management Software 96

ThroughPut

APRIL 17, 2024

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. Future Trends, Technologies and Predictions of AI in Supply Chain 1.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Predictive Analytics Software Optimal Sourcing 52

Stord

MAY 2, 2022

While the rest of the world adopts cloud technologies to help them break down silos and integrate communication, companies continue to use disparate applications and tools for managing orders, evaluating inventory, and shipping goods. This growth is continuing with e-commerce sales expected to reach $6 trillion by 2024. Louis and St.

Supply Chain Planning Software 78

Supply Chain Planning Software St. Louis Supply Chain Software Demand Planning Software 78

BlueYonder

DECEMBER 14, 2023

Micron has transformed its processes and relationships with customers and suppliers and used Blue Yonder’s Supply Planning and Inventory Optimization solutions to make its supply chain a competitive advantage. In this model, sustainability must be a key consideration along the entire process from design and source to make and deliver.

Supply Chain Design Software 72

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 72

Supply Chain Matters

MARCH 17, 2023

Dr. Plattner’s term expires in May 2024. The process reportedly calls for Mr. Renjen to stand for election to the tech provider’s Supervisory Board in its meeting in May of this year. Mr. Renjen served as global consulting firm Deloitte’s Global CEO from 2015 to December 2022 upon his retirement from the role.

Supply Chain Design Software 52

Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 52

Supply Chain Matters

OCTOBER 6, 2023

Reportedly, destocking activities increased with finished product and raw materials inventories decreasing by the end of the quarter. China ’s Evergrande Group , one of the largest real estate developers continues to struggle in meeting its debt obligations and the company’s chairman is now under investigation for alleged criminal wrongdoing.

Manufacturing Procurement 59

Manufacturing Procurement Global Optimal Sourcing United Kingdom 59

ThroughPut

JUNE 24, 2022

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.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Logistics Network Optimization Software Supply Chain Software 98

Unleashed

MAY 19, 2020

billion by 2024, according to Business Wire. Craft brewing is projected to be a US$107 billion industry by 2024. How many stock-outs, an event that caused inventory to be exhausted? Stock & Inventory Control. Assign a serial number to ensure you know where they’ve gone and when they come back into your inventory.

Supply Chain Planning Software 98

Supply Chain Planning Software Forecasting Software Inventory Management Software Demand Planning Software 98

Unleashed

MARCH 22, 2022

Since then the company has grown rapidly to meet increasing demand. Why is cloud inventory management essential for NoLo alcohol producers? In the growing NoLo sector, cloud inventory software has some specific benefits: 1. Scaling as your business grows Cloud-based inventory management is the way to go for growing businesses.

Procurement Analytics 98

Procurement Analytics Inventory Management Software Industrial Industry 98

Proxima

AUGUST 3, 2020

Many suppliers continue to rely on automation to ensure flexible supply chains and increased accuracy to help meet the demand from their buyers. billion by 2024. System developers should be the first source of data and research for both buyers and suppliers. Growth of automation. billion in 2018 and is expected to reach $96.2

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Sourcing Strategies Supply Chain Strategy 52

Supply Chain Game Changer

NOVEMBER 23, 2018

million by 2024, growing at a CAGR of 49.16% between 2017 and 2024” ( globalnewswire.com 2018 ). Source: Accenture. Source: Accenture. QR verification codes, and other sources of product verification, have been reshaping the limitations of logistics transparency for years. Source: Deloitte.

SCM 50

SCM Supply Chain Network Software Logistics Network Optimization Software Supply Chain Software 50

Supply Chain Matters

JULY 28, 2022

While the first half numbers technically meet a common definition of economic recession, namely two successive quarters of declining output, the National Bureau of Economic Research has the ultimate call as to the state of recession. were causing shoppers to spend more on food necessities and less on discretionary items.

Supply Chain Planning Software 52

Supply Chain Planning Software Forecasting Software Supply Chain Planning Supply Chain Software 52

Vinculum

JULY 29, 2020

billion US dollars in 2024. dollars in revenue by 2024. Mobile eCommerce has become the ultimate source of online shopping. Entering into the US market is incredibly challenging such as strong competition, evolving technology, and meeting customer’s expectations. According to Statista, U.S. is projected to generate 153.6

Optimal Sourcing 59

Optimal Sourcing Optimization Software Purchasing Skills Supply Chain Network Software 59

ShipBob

JANUARY 22, 2020

By 2024, the global beauty market is predicted to reach $750 billion, up from $432.7 CBD products alone are expected to reach $20 billion by 2024. Self-fulfilling orders will become a challenge, and it will become harder to manage your inventory and get orders out the door in a timely manner. . billion in 2016.

Inventory Reduction 52

Inventory Reduction Resource Reduction Cost Reduction Strategies Expense Reduction 52