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ToolsGroup-IHL Group 2022 Retail Inventory Study Shows Diminishing Customer Loyalty Due to Out-of-Stock Concerns

ToolsGroup

Improving inventory position can help retailers secure consumer loyalty and capture impulse spending. Key findings include: Across sectors such as specialty apparel, mass merchants, department stores, home décor, electronics, and home improvement, the percentage of consumers decreasing trust in retailers to be in stock ranges from 28-36%.

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10 Ways IoT Can Improve Supply Chains

IQMS

By 2020, Discrete Manufacturing, Transportation & Logistics and Utilities industries are projected to spend $40B each on IoT platforms, systems, and services. The senior management team at the manufacturer says the pilots are worth it if they can find a way to increase inventory turns just 10% using blockchain and IoT.

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Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! This underscores the importance of China being the world’s manufacturing hub in the past decade, and most likely for the next few decades. Introduction. Products are the lifeline of your business.

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Inventory Balancing: Research From Dell and Boston Scientific

New Horizon Supply Chain Blog

Introduction: Why Inventory Balancing? Inventory balancing (also called inventory rebalancing), the periodic transfer of inventory from supply chain locations with too much inventory to locations with too little, is an underutilized supply chain tactic. In such cases, inventory balancing is often the best option.

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Why Companies Need a Supplier Relationship Management Strategy

GlobalTranz

In May, 2014 Raytheon gathered a group of its largest suppliers in Boston, MA to discuss the launch of the company’s Supplier Advisory Council. Supply chain concepts are generally understood in a linear pattern of consecutive planning in the form of plan-source-make-distribute-return/dispose. Connect your supply chain.

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Top Supply Chain Challenges for CPG companies in 2023

Logistics Viewpoints

Commerce is global and regional at the same time, the world is getting smaller and more interconnected, and Consumer Packaged Goods (CPG) manufacturers operate in this build-anywhere and sell-anywhere market. Here we have compiled a list of the top six challenges that CPG companies face in the post-pandemic market.

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Reshaping Product Lifecycle Innovation: An Inside Look at PTC LiveWorx 2023

Arena Solutions

Since 2015, PTC has hosted LiveWorx , a global forum that brings together manufacturing executives, engineers, product designers, quality leaders, supply chain partners, and other like-minded individuals who are focused on harnessing disruptive technologies to manage uncertainty and transform their business.