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The Backorder, March 20 2024

Unleashed

Learn more in the latest Manufacturing Health Index report. Avoid having too much capital tied up in inventory; use stock optimisation software to set optimal min and max levels based on historical data and sales trends. This will help you slash your inventory and storage costs in one fell swoop.

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Essential Guide for Demand Forecasting in 2024

ThroughPut

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. What are the Benefits of Demand Forecasting?

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Retail Returns: The Key to Driving Business Growth

ToolsGroup

Retail returns occur when a customer returns the purchased items to a seller in exchange for a refund, store credit, or a similar product. Returns come with plenty of challenges around logistics, inventory, and predicting volatile sales trends. 84% of buyers read the return policy before making an online purchase.

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Why Sustainability is Becoming Critical for Manufacturers in 2024

OptiProERP

While large corporations have been at the forefront of manufacturing sustainability initiatives, in 2024, more small and mid-sized manufacturers are expected to incorporate green initiatives, recognizing that sustainability is essential for their bottom line.

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AI in the Food Industry: Case Studies, Challenges & Future Trends

ThroughPut

billion in 2024. As per a recent study, AI can help reduce production costs by almost 20% in the agriculture sector! Food Production AI tools can drive advanced predictive analytics with precision forecasting for weather and crop yield predictions. billion by 2029. That’s definitely good news.

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

ToolsGroup

With reports of retail layoffs and overstaffing at companies (such as Walmart and Amazon) to cover Omicron-related staffing shortages, it would appear the shortage of workers may be abating. As per a recent report by CNBC , the labor department in the United States has 5.5 The risks surrounding the retail labor shortage aren’t new.

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Make the Promise, Keep the Promise: How an Integrated Supply Chain Fosters Greater Trust

BlueYonder

Trust that the demand planners will have their promises fulfilled so that assortment planners will have their promises fulfilled so that inventory will have their promises fulfilled, and so on. In the same study, Deloitte investigated the factors that differentiated leading suppliers. A 2023 Deloitte survey of U.S.