Remove 2027 Remove Inventory Remove Procurement Analytics
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AI in procurement: Applications, Challenges, and Mitigation Strategies

Precoro

Traditionally, procurement has been a process weighed down by manual tasks, fragmented systems, and endless paperwork. Today, procurement is undergoing a transformation. While procurement teams have long worked to add strategic value, Artificial Intelligence (AI) amplifies their impact.

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Selling Into the EU? Time to Start Preparing for the Digital Product Passport

Supply Chain Brain

Bowman, SupplyChainBrain The European Union is on the verge of rolling out a reporting regulation that promises to have a huge impact on businesses selling into the region. The DPP “represents a significant advance in product transparency and sustainability,” according to an EU report published in September of 2024. “As

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Such measures include communicating with suppliers and customers , using demand shaping to overcome inventory shortages, seeking additional suppliers, and building more onshore facilities. 82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items.

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Survey: Consumers Are Reviewing Food Labels More Closely as Grocery Prices Rise

Supply Chain Brain

adults expect to pay more for food this summer compared to last summer due to inflation, and nearly half (47%) expect to pay the same, suggesting 80% report feeling no relief from high grocery prices. Retailers have set a target date to accept QR codes at checkout by 2027, although many will be ready sooner.

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The 10 inventory management trends to watch for in 2022

Unleashed

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.

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National Barcode Day 2023

Enterra Insights

As I wrote in a previous article, “Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them.”[1] The new ‘2D’ barcodes will unlock reams of online extras (for consumers) and revolutionize inventory management (for retailers).

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

Even slight delays or inventory shortages can have a severe impact on a company’s bottom line. It is predicted to reach $78,981.5 million USD by 2027, growing at a CAGR of 4.5 percent between 2020 and 2027. It is predicted to reach $78,981.5 million USD by 2027, growing at a CAGR of 4.5 million USD in 2019.