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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

The following strategies, based on data, analytics, and collaboration, are helping planners around the globe overcome a disrupted supply chain. Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics.

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What is Demand Forecasting? Importance and Benefits of Forecasting Customer Demand

ShipBob

Demand forecasting helps reduce risks and make efficient financial decisions that impact profit margins, cash flow, allocation of resources, opportunities for expansion, inventory accounting , operating costs, staffing, and overall spend. All strategic and operational plans are formulated around forecasting demand.

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6 Career Paths in Supply Chain Management You Can Take

SCMDOJO

Planning roles include: A supply chain planner analyzes performance and improves processes. A demand planner estimates the future demand for given products. (Do Do check out our Demand Planning Ultimate Guide ) A production planner ensures the required manufacturing output meets the demand.

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Why Blockchain Within The Supply Chain Makes Perfect Sense

GlobalTranz

Download white paper. Multiple manufacturers, multiple relationships, multiple distribution models, multiple contracts. These complexities, layered with globalization, shorter product life cycles , and associated volatility in demand planning, has produced the most dynamic supply chain landscape we have ever experienced.

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Does your supply chain hear the change coming?

Kinaxis

You download the app and can start shopping. Walmart brings extreme fulfillment expertise to the table, and Google has the technologies for language processing, artificial intelligence (AI) and analytics. An agile way of dealing with flexible fulfillment, shipping and return options is required.

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What Manufacturing Supply Chains Should Expect in 2021 

Vanguard Software

Positive momentum indicates pent-up demand since the October and November 2020 Purchasing Managers Index (PMI) was higher than any time since 2018. We expect to see four trends in 2021 as manufacturing supply chains respond to demand and adjust to the new realities of this uncertain time. Download Case Study.

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Best Practices for Optimal Inventory Replenishment

Vanguard Software

Inventory replenishment involves purchasing and moving inventory, both finished goods and raw materials, from reserve storage to primary storage and eventually to the selling location. Download Case Study. If the inventory levels are not reported accurately, the whole organization’s ordering and replenishment processes are in jeopardy.