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Global Study Reveals 52% of Vital Digital Supply Chain Transformation Efforts Hamstrung by Skills and Labor Crunch

ToolsGroup

Leaders surveyed in third annual ToolsGroup and CSCMP report are “extremely concerned” about external supply chain threats but lack people to make transformation succeed. Download the complete report: Digital Supply Chain Planning Outlook 2022 ?. Our findings reveal increasing investments in software, automation and people.”.

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Seeing the Future with Predictive Analytics

Enterra Insights

Today, in addition to those activities, new analytical tools are available to help business leaders predict what could happen in the future. ” Types of analytics. Predictive analytics — the type of analytics to which Petro refers — are one of four types of analytics now available to enterprises.

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Trends 2023: Retail

Enterra Insights

Jocz noted, “Purchases depend on consumers’ having disposable income, feeling confident about their future, trusting in business and the economy, and embracing lifestyles and values that encourage consumption. … During recessions, of course, consumers set stricter priorities and reduce their spending.”[1]. ”[1].

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No Easter Bunny?

Supply Chain Shaman

Dear Supply Chain Leader, Today, sitting in my seat in 11K on a Cathay Pacific flight between Hong Kong and Boston, I want to report that there is no Easter Bunny. Today I also want to report that, based on over a decade of scientific discovery, traditional supply chain practices are not best practices. Sorry to break the news.

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Epitaph

Supply Chain Shaman

They were born from well-intentioned, bright professors from great schools – Boston College, Carnegie Mellon, and Massachusetts Institute of Technology (MIT )– in operations research. It was called multi-enterprise inventory optimization. SmartOps was purchased by SAP. They knew little about the software market.

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Seasonal Inventory and 7 Ways to Manage It Effectively

ToolsGroup

More than ever, seasonal inventory needs to be carefully accounted for during the demand forecasting and inventory planning process , ensuring right-sized inventory that can meet customer expectations while limiting the spend and use of working capital. Benefits of Effective Seasonal Inventory Management.

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How to Avoid the Most Common Pitfall of Markdowns

ToolsGroup

Boston Consulting Group estimates that this year — and for the foreseeable future — a full 60% of stock will be sold via markdown. Just because, for example, Black Friday sales supposedly increase purchases every year, it doesn’t mean that a massive Black Friday discount will achieve your profitability goals.