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AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. And certainly there are more frequent, large events affecting companies, that had previously been spaced out.” And that’s a great skill set to have.

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When Designing the Right Manufacturing Plant, Small Can Be Beautiful

Supply Chain Brain

manufacturers have spent the last few decades consolidating production at gigantic offshore plants, especially in China. Such a model, based on prioritizing unit economies and production at scale, doesn’t prepare manufacturers and retailers for the waves of disruption that are washing over global supply chains today.

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Mathematical Optimization: Supply Chain Management by the Numbers

Supply Chain Brain

Featured Product Popular Stories End to De Minimis Slows Flow of Air Cargo from China to U.S. Rapid-fire, essentially live decision-making only happens when you have a reliable and fast solver behind the scene,” he says. Timely, incisive articles delivered directly to your inbox.

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How Shipping Containers Revolutionized the Supply Chain Industry!

Supply Chain Game Changer

A trucking entrepreneur, Malcolm McLean recognized the inefficiencies of traditional cargo handling methods and saw an opportunity for innovation. By standardizing container sizes, typically 20 or 40 feet in length, he introduced a level of uniformity that revolutionized cargo handling.

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How a 3PL Can Strengthen Your Supply Chain Resilience

GlobalTranz

However, LTL shipping allows companies to share trailer space, making it a budget-friendly option for smaller shipments. TL shipping, on the other hand, gives shippers more control over timing and cargo security, since the freight travels directly from origin to destination. But that speed comes at a cost — and not just financially.

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Is Your Supply Chain Recession Proof? A Guide for Building a Resilient Supply Chain

SCMDOJO

Businesses may struggle to balance inventory, increasing the likelihood of either overstocking, tying up valuable capital and incurring storage costs, or understocking. Even the failure of a seemingly minor, geographically remote supplier can have substantial consequences if they provide a critical component used by multiple manufacturers.

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AI: Real or Hype?

Supply Chain Brain

According to an annual survey by McKinsey & Company , 78% of respondents indicated that they use AI in at least one business function. There are a lot of companies that are investing in this technology,” he says. But Im not sure whether companies understand exactly what it does and how they can apply it for real business value."