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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

Download our ebook for practical guidance: 8 Winning Strategies for Managing Supply Shortages. When COVID-19 hit, manufacturers scrambled to meet demand, but there was a nasty surprise in store in the form of a radical shift in consumer buying patterns and behaviors. Shipping providers also slashed capacities.

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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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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. Competition.

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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. Optimizing lead times also saves shipping costs by reducing rush deliveries and allowing for bulk shipments.

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How Demand Management Enables Supply Chain Resiliency

Vanguard Software

In the new normal of supply chain disruptions, it has never been more important for planners to strategically manage disruptive events, which create dramatic spikes or dips in demand, shortages in parts or supplies, and unexpected changes in shipping schedules. Download Case Study. Fountain Tire Case Study.

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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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Preparing Your Supply Chain for the Omni-Channel World (Part 3): Capturing and Reacting (in Nearly Real Time) to Moments of Truth

BlueYonder

In order to build the necessary agility and control over both the customer experience and associated profitability, the following processes need to be re-invented and integrated differently: Demand Planning. However, it is not only the demand planning side that requires improvements in an omni-channel environment.