Remove 2024 Remove Inventory Remove Sourcing Remove System
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Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

MODEX 2024, held in Atlanta, Georgia, from March 11 to 14, attracted more than 35,000 attendees and featured over 150 educational sessions, keynote speakers, and networking events. Supply Chain Robotics: A Key Theme of MODEX 2024 One of the main themes of MODEX 2024 was the prominent role of robots in the supply chain.

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Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. The overarching theme was the translation of technological advancements into actionable results.

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Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

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Self-Checkout Turns Customers into Employees and Employees into Security Guards

Enterra Insights

This trend has represented significant financial loss for retailers, with average annual loss from this source alone exceeding $102,000 for a typical grocery store with 12 self-checkout lanes.”[3] ”[3] All retailers, not just grocers, are suffering from inventory losses.

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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. The main benefits of accurate demand forecasts are: 1.

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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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CPG earnings report: Data technology tackles headwinds, helps meet demand

crisp

And what’s in store for 2024? Here’s a look at some of the takeaways from recent CPG earnings discussions, the headwinds and tailwinds brands are experiencing, and strategies for staying on course in 2024. How did 2023 look from the CPG C-suite? More than 97% of the brand’s packaging is now designed to be recycled.