OptiProERP

NOVEMBER 22, 2023

With 2024 on the horizon, more manufacturers are adopting smart manufacturing technology. Examples of intelligent factories include on-demand manufacturing and virtual inventories. Through these technologies and process enhancements, manufacturers can anticipate a new scale of innovation in 2024.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Software Material Savings Analytics Software 52

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

Synovos

FEBRUARY 6, 2024

Integrated Supply in 2024: Three Trends Reshaping the Industry When it comes to the three biggest trends within integrated supply this year, the need for accurate data is a common thread. AI will continue to make headlines in 2024, but within the world of integrated supply, it is already making a difference on the ground. “AI

Trends 52

Trends Logistics Network Optimization Software Procurement Solutions Optimal Sourcing 52

SYSPRO Smarter ERP

JANUARY 29, 2024

Manufacturing will continue to be shaped in 2024 and beyond, by technological advances. Inventory management is becoming increasingly cloud-based, allowing businesses to access their inventory data from anywhere, at any time, and on any device with an internet connection. This is not just a cost factor.

Manufacturing Procurement 52

Manufacturing Procurement Trends Manufacturing Inventory Management Software 52

SCMDOJO

FEBRUARY 6, 2024

One of the essential steps to reduce the lead time is to manage inventories in every form like raw material, semi-finished products, and final goods. Experts define inventory as a necessary evil. Therefore, it is essential to manage accurate inventory. However, inventory variation is a common scenario in a practical situation.

Inventory Management Software 83

Inventory Management Software Supply Chain Design Software Material Savings Inventory Reduction 83

Locus Robotics

JANUARY 2, 2024

Home January 02, 2024 5 Ways to Cope with Changing Logistics Demand in 2024 Inés Alcántara , Senior Sales Engineer In an era marked by unpredictability and technological advancements, understanding and adapting to the changing demands of logistics is not just an option, but a necessity for success.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

Supply Chain Shaman

DECEMBER 7, 2023

In addition, the Council will conduct a supply chain review by December 31, 2024, to evaluate the impact of the supply chain on National Security Lora’s Take I think that we need to be skeptical without getting political. I am currently doing research on inventory management. No technology in the market measures inventory health.

Supply Chain Design Software 303

Supply Chain Design Software Supply Chain Planning Software Modeling Supply Chain Software 303

Locus Robotics

JANUARY 2, 2024

Automation with autonomous mobile robots (AMRs) in the warehouse allows you to transport surplus or slower-selling inventory to storage areas in less busy sections of your warehouse, freeing up prime picking locations for products with higher turnover.

Demand Planning Software 52

Demand Planning Software Logistics Network Optimization Software Supply Chain Software Analytics Software 52

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. Another 15% is caused by other issues such as quality problems and returns.

Demand Planning Software 173

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

Enterra Insights

APRIL 18, 2024

Finding cost-effective solutions while maintaining product quality and customer satisfaction is a constant challenge.” ”[8] She also told participants, “Supply chain resiliency involves more than shifting from ‘just-in-time’ to ‘just-in-case’ inventory levels. have decided to glocalize).

Global 130

Global Cost Reduction Strategies Expense Reduction Inventory Reduction 130

Logility

OCTOBER 19, 2023

Although inflation has eased in many countries over the past summer, CPG prices are still rising faster than real wages and showing no signs of leveling off in 2024. To gain control over their costs and pricing, supply chain leaders must capitalize on the recent stabilization of production capacity and inventory levels.

Network Optimization Software 130

Network Optimization Software Modeling Network Optimization Supply Chain Optimization 130

AB&R

DECEMBER 14, 2023

Looking Forward into 2024: A Comprehensive Guide to Budgeting and Planning By AB&R As we stand on the brink of a new year, it’s time for businesses to gear up for the challenges and opportunities that lie ahead. In the world of logistics and inventory management, staying ahead of the curve is crucial.

Scenario Planning 52

Scenario Planning Inventory Reduction Price Reduction Inventory Management Software 52

QAD

APRIL 11, 2024

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. For business leaders, that means data-driven marketing strategies, optimized inventory and, most importantly, happy customers.

Predictive Analytics 72

Predictive Analytics Predictive Analytics Software Supply Chain Disruption Supply and Demand 72

Stord

MARCH 13, 2024

However, its previous vendor struggled to handle DTC orders, lacked quality control checks during picking, leading to fulfillment errors, and offered limited customer information with minimal visibility and poor usability. Industries International leverages Stord One Warehouse in its multiple locations, including a 125,000 sq.

3PL 60

3PL Vendor Strategies Omnichannel Supply Chain Software 60

RFgen

MAY 5, 2020

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. While commonplace in their use, keeping track of these high value, small electrical components can be an inventory management nightmare. The Problem: Lack of Inventory Visibility.

Real-time Visibility 54

Real-time Visibility Electronics Inventory Reduction Inventory 54

RFgen

MAY 5, 2020

Many companies in the industry rely on unsustainable, manual data collection processes, creating a gap in inventory visibility. While commonplace in their use, keeping track of these high value, small electrical components can be an inventory management nightmare. The Problem: Lack of Inventory Visibility.

Real-time Visibility 52

Real-time Visibility Electronics Inventory Reduction Inventory 52

Supply Chain Matters

FEBRUARY 20, 2024

It involves and weights operational excellence and process discipline and a corporate culture focused on producing each aircraft with the utmost quality and efficiency. Consistent Themes Common themes reflect aircraft quality deficiencies that now reportedly involve multiple other areas of produced 737 and other Boeing produced aircraft.

Supply Chain Network Software 52

Supply Chain Network Software System Sourcing Strategies Resource Reduction 52

ThroughPut

MARCH 15, 2024

It’s no wonder that a KPMG study has found that 50% of supply chain organizations plan to invest in artificial intelligence (AI) applications and advanced analytics capabilities through 2024. Are you losing money to inventory mismanagement? The quality of your AI model largely depends on the quality of your data input.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

MARCH 15, 2024

It’s no wonder that a KPMG study has found that 50% of supply chain organizations plan to invest in artificial intelligence (AI) applications and advanced analytics capabilities through 2024. Are you losing money to inventory mismanagement? The quality of your AI model largely depends on the quality of your data input.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chain Planning Modeling 52

ThroughPut

FEBRUARY 2, 2024

Static vs. Dynamic Inventory Management Without Advanced Supply Chain Analytics: Inventory management might be based on static rules or historical sales data, potentially leading to overstocking or stockouts. Data Quality and Governance : Ensuring the quality and consistency of data is paramount.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Predictive Analytics 52

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. Our Maine associates have proven that high-quality athletic footwear can be produced in the U.S. Further noted was that a U.S.

Manufacturing Procurement 52

Manufacturing Procurement Supply Chain Planning Sourcing Strategies Manufacturing 52

The Logistics & Supply Chain Management Society

DECEMBER 21, 2021

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. Mitigating this will require increased investments in automation, both physical and software.

Predictive Analytics Software 246

Predictive Analytics Software Supply Chain Design Software Supply Chain Planning Software Supply Chain Software 246

ToolsGroup

OCTOBER 3, 2022

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.” Leaked internal research reveals Amazon is at risk to run out of workers for its US warehouses by 2024.

Optimal Sourcing 156

Optimal Sourcing Retail Purchasing Skills Inventory Reduction 156

SCMDOJO

APRIL 24, 2024

In 2024, the logistics and supply chain industry will continue its transformative journey, driven by technological advancements and growing consumer expectations. Let’s see the most common trends in 2024. As a result, it can help logistics companies to optimize inventory levels, reduce waste, and minimize the dreaded stockouts.

Optimal Sourcing 54

Optimal Sourcing Agile and Lean Supply Chain Waste Reduction Material Savings 54

ThroughPut

MARCH 28, 2024

Integrating Artificial Intelligence (AI) within different segments of the Food Industry, including transportation and logistics, production planning, quality control, and others has kicked off revolutionary transformations. billion in 2024. Enhance Food Safety & Quality AI is helping food companies become compliant and transparent.

Case Study 52

Case Study Optimal Sourcing Supply Chain Planning Software Food 52

Supply Chain Game Changer

JANUARY 7, 2021

They often face challenges which have implications on speed, quality, cost and other factors. With the advent of 2021, AI unveils new avenues for revolutionizing SCM across automation, planning, logistics, inventory, fleet & freight. According to research by CISION , by 2024, AI-led SCM market will reach $1.3

Inventory Reduction 84

Inventory Reduction Vendor Strategies Cost Reduction Strategies Supply Chain Strategy 84

EazyStock

AUGUST 8, 2023

Smart inventory managers plan for Chinese New Year (aka Lunar New Year) many months before the event. In 2024, this will be from February 9-15. Product quality issues If the same workers don’t return to the factories, finding new employees and training them up to the same standard take time.

Inventory Reduction 52

Inventory Reduction Resource Reduction Forecasting Scenario Planning 52

crisp

JANUARY 24, 2024

Imagine having a panoramic view of your product’s journey across all sales channels, understanding intricate customer purchase patterns, and the precise flow of inventory to every store. Here, we outline five of Luminate Charter’s most promising reports and tips to help brands harness the new data for next-level success in 2024.

Procurement Analytics 52

Procurement Analytics Inventory Reduction Report Price Reduction 52

C3 Solutions

JULY 30, 2020

In a recent report, RSR Research claims that IoT for retailers is not at its heart about saving costs, although that is a side benefit of the inventory accuracy and information IoT delivers. Its ability to bring about accuracy and efficiency to both inventory and inventory-related tasks absolutely has a cost-benefit component.

Gartner 127

Gartner Internet of things Supply Chain Design Software Supply Chain Software 127

C3 Solutions

JULY 28, 2020

What's interesting is how the use of IoT technologies to track inventory throughout the supply chain can dovetail with the kind of visibility you gain when you implement a best-of-breed dock scheduling system from C3 Solutions. The benefits of having real-time visibility into on-hand and in-transit inventory is obvious. IoT Evolution.

Internet of things 78

Internet of things Retail Real-time Visibility Optimal Sourcing 78

RFgen

JUNE 16, 2020

And 61% of manufacturers plan to rely on a combination of humans and technology by 2024 to help combat labor challenges. By modernizing outdated manual inventory processes, your employees will: Realize greater job satisfaction, in turn increasing employee retention and decreasing turnover. Read More: Humanizing Supply Chain Tech ».

Supply Chain Software 98

Supply Chain Software Cost Reduction Strategies Inventory Reduction Supply Chain Planning Software 98

Enterra Insights

JULY 22, 2020

between 2019 to 2024, more than doubling in size. Data : “The effectiveness of every predictive model strongly depends on the quality of the historical data which it processes.” What’s also important is to have lots of high-quality data, as this increases the probability of an accurate forecast.”

Predictive Analytics 100

Predictive Analytics Predictive Analytics Software Analytics Software Supply Chain Planning Software 100

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 raw materials/ingredients issues/returns to suppliers were there – are you monitoring inbound quality? How many stock-outs, an event that caused inventory to be exhausted? Product quality.

Supply Chain Planning Software 98

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

QAD

MAY 23, 2023

Canada’s Bill S-211 , which will take effect beginning January, 2024, will mandate large companies to report on parts of their supply chain where forced labor might be occurring, or face fines up to $184,000 per shipment.

Procurement Solutions 94

Procurement Solutions Supply Chain Planning Software Supplier Management Modeling Software 94

Supply Chain Matters

NOVEMBER 2, 2022

Software challenges have forced this automaker to delay product launches of various regional specific EV models reportedly now extending to 2024. Added Thoughts. Some readers might question whether the global automotive industry has indeed embraced the lessons of a GE Digital or other business case studies.

Supply Chain Software 52

Supply Chain Software Supply Chain Planning Software Modeling Software Report 52

Locus

JUNE 16, 2023

A recent analysis by the American Trucking Associations (ATA) indicates that if existing trends persist, we could see a potential driver shortage reaching up to 175,000 by 2024. These innovative solutions will enable you to untangle the web of costs, without compromising on service quality.

Cost Reduction Strategies 98

Cost Reduction Strategies Expense Reduction Price Reduction Inventory Reduction 98

ThroughPut

JANUARY 4, 2024

Inadequate Quality Control manifests when errors in manufacturing remain undetected, necessitating additional work on or disposal of the produced goods. This complexity, combined with the high demand, led to delays in production, excess inventory, and, ultimately, a negative impact on Intel’s business and customer relationships.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Waste Reduction Cost Reduction Strategies 52