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

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Wall Street Journal ).

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5 Best Logistics Books to Keep Within Reach

Supply Chain Opz

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. He has an MBA from UCLA. Our Rating: 4.9/5

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Cost of Goods Sold Formula (with examples)

Unleashed

The Cost of Goods Sold formula is: Opening Inventory + Purchases + Production Costs – Closing Inventory = Cost of Goods Sold Below, we explain what the cost of goods sold (COGS) is, why it’s important for product businesses, and how to calculate COGS using the cost of goods sold formula. What is cost of goods sold?

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What is Dead Stock? Meaning, Strategies, & Examples

Unleashed

We’ll cover the definition then break down some effective dead stock analysis, dead stock liquidation, and dead stock accounting strategies. To better predict future demand for products, track and analyse historical data using inventory management software. This guide explains all you need to know about dead stock. Let’s dive in.

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Is Reinforcement Learning the Future of Artificial Intelligence?

Enterra Insights

In a new paper submitted to the peer-reviewed Artificial Intelligence journal, scientists at U.K.-based It is worth noting that reinforcement learning does not work well with ambiguity but is superb at optimization tasks using established metrics in the form of inputs, actions, and rewards. ”[1]. False starts are possible, too.

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The Transportation Management System Barbell

Talking Logistics

Some solutions are becoming broader, more integrated, and feature-rich (multi-mode, multi-geography, complex optimization), while others are offering more limited capabilities, but with a stronger focus on ease of use, faster deployment, affordable and transparent pricing , and meeting the needs of the small and mid-sized business (SMB) market.”.

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Walmart Supply Chain: Building a Successful Integrated Supply Chain for Sustainable Competitive Advantage

SCMDOJO

Walmart’s remarkable success as the world’s largest retailer can be attributed to its astute utilization of data analysis and advanced technologies within its integrated supply chain. One of the key elements of the EDLC policy is the direct procurement of items from suppliers, eliminating intermediaries in the process.