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ToolsGroup has a long history of innovating with our customers in mind. It’s why our team and our solutions have earned the recognition of so many industry experts. It’s also why so many of our customers are eager to share their supply chain success – and have even won awards of their own in partnership with ToolsGroup! Check out some of our most recent accolades and discover why so many companies turn to ToolsGroup for better, faster supply chain decision making.
The marijuana supply chain is an interesting market to follow. Like any agricultural product, there are ebbs and flows to its supply and demand. However, there is one caveat in the marijuana supply chain that makes things a bit trickier: in most states, cannabis products can only be sold and consumed within the state that the original plant was grown.
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We live in a data-driven world. Don’t believe it? Yossi Sheffi , Director of the MIT Center for Transportation & Logistics, insists, “The well-worn adage that a company’s most valuable asset is its people needs an update. Today, it’s not people but data that tops the asset value list for companies.”[1] Why is data so important? According to Biswanath Choudhary , Chief Operating Officer at SG Analytics, “In a data-driven world, we are expected to draw conclusions, make predictions
Supply chain planning is a key component of digital supply chain management. It involves the process of identifying, sourcing, and allocating resources to create a product or service with a goal of better balancing supply chain demand. This process can be quite complicated as it often involves multiple steps across many different departments within an organization – collaboration across departments will give us more efficiency in our changing world.
While it represents an important step toward combating forced labor and protecting human rights, the Uyghur Forced Labor Prevention Act has the side effect of increasing day-to-day complexity for importers.
While it represents an important step toward combating forced labor and protecting human rights, the Uyghur Forced Labor Prevention Act has the side effect of increasing day-to-day complexity for importers.
By Stephen Jamieson (pictured) Global Head of Circular Economy Solutions, SAP The post EU launches targets to tackle food wastage – Industry Reaction appeared first on IT Supply Chain.
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
Market-based demand forecasting to help you predict localized demand and placement of inventory Retailers are facing increasing pressure to offer affordable, reliable, and frictionless customer experiences. With the acceleration of unified commerce, businesses must be able to leverage inventory to its fullest potential at every location within the network, and create engaging and convenient customer experiences.
The service will provide companies with access to enVista's customized supply chain tracking and tracing capabilities, enabling organizations to create detailed plans across all operations.
Better Inventory Management for Utilities: Why You Need to Go Digital By AB&R If you’re managing inventory and the supply chain for a utility, there are probably many parts, pieces of equipment and products you need to track and locate. But if you’re still tracking things manually with pencil and paper, or you’re relying on Bob—who knows where everything is in your warehouse or lay-down yard—you’re probably dealing with some inventory and supply chain headaches.
The supply chain, an integral part of modern commerce, continues to evolve, learning from the impacts of industry trends and global events over the years. One of the most profound technologies influencing this evolution is machine learning (ML), a subset of artificial intelligence (AI) that’s proving instrumental in enhancing various areas of supply chain operations.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
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Supply Chain Matters provides highlights and perspectives on reported June 2023 and Q2-2023 quarterly global and regional PMI indices. The June numbers signal renewed contraction of global wide production within global supply chain networks. The data further points to added warning signs that strongly suggest added contraction in the quarter to come.
By John Hampton (pictured) Content Writer The post The Pursuit of Insolvency: Navigating Legal Frameworks and Strategic Considerations appeared first on IT Supply Chain.
Solutions like warehouse inventory software offer critical capabilities that can effectively address these hurdles. Let's explore five ways this technology can enhance your operations.
E-commerce giant Amazon has expanded its beauty category in India with the launch of the Global Beauty Store. This new store offers a curated collection of over 60 international beauty brands and more than 5,000 products. Customers can discover renowned brands like Paula’s Choice, Farmacy, Caudalie, Each product page provides detailed descriptions, ingredient lists, usage instructions, and customer reviews.
Tariffs are no longer just policy noise. They’re driving real, bottom-line impact. One policy shift and your sourcing strategy is upside down. This bulletin cuts straight to the point. How Market-Leading Companies Are Navigating Tariff Chaos with GEP’s AI-Powered Procurement Platform breaks down how procurement teams are staying ahead of the chaos with real-time insights, smarter sourcing moves and AI-powered agility.
In an increasingly complex global logistics landscape, the need for innovative supply chain and transportation management solutions has never been greater. For many organizations, a TMS for small business can be that solution. The post MercuryGate Partners Help Deliver TMS for Small Business appeared first on MercuryGate International.
We proudly announce that Solvoyo has been named a Representative Vendor in 2023 Gartner Market Guide for Retail Merchandise Planning and Vendor Identification tool for Retail Forecasting, Allocation and Replenishment Solutions. The vendor identification tool helps supply chain technology leaders to identify software providers with experience in their retail subsegments and with a presence in … Continue reading "Solvoyo Named as a Representative Vendor in 2023 Gartner® Market Guide and Vendor Id
In this environment, for retailers to compete, they need to give customers a full menu of delivery options to fit their preferences at the point of purchase, each and every time.
Four Sigmatic, the #1 mushroom coffee and protein brand, partnered with Amware Fulfillment to reduce its omnichannel fulfillment costs 15% and reduce its parcel shipping costs 4%.
Retailers know the clock is ticking–legacy SAP Commerce support ends in 2026. Legacy platforms are becoming a liability burdened by complexity, rigidity, and mounting operational costs. But modernization isn’t just about swapping out systems, it’s about preparing for a future shaped by real-time interactions, AI powered buying assistants, and flexible commerce architecture.
The Commission hopes the rules will incentivize clothing companies to reduce waste and increase the circularity of textile products — designing better products from the start.
There are at least 255 major convention centers in the U.S, and up to 40 million Americans attend business events every year. With all of this activity, and with upwards of $3B spent annually – or $657 per person per event on average – there must be good reasons for going. For Executives, who are constantly balancing priorities and making tradeoffs with their time, the reasons most often cited for attending conferences, according to a survey by GoodmanLantern are the following: 69%: Netwo
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Correctly attributing costs is critical in inventory management because it directly affects your profitability. This article clearly defines one of the main types of inventory in a business: merchandise inventory. You’ll need to know about it to ensure your costs are accurate. We explore common merchandise inventory examples, methods for calculating it, and a few best-practice accounting tips.
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