Thu.May 09, 2024

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The Problem with Retail Promotions: Diminishing Returns of Discounting in a Promo-Saturated Market

ToolsGroup

Imagine strolling into your favorite store, only to find yourself in a sea of “SALE!” signs and “50% OFF!” banners. It’s a common scenario. Retailers rely heavily on promotions, which can account for between 10% and 45% of their total revenues, according to research from Boston Consulting Group. In today’s dynamic retail landscape, promotions are undeniably a potent tool for driving sales and customer engagement.

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Probabilistic Planning Helps Master Supply Chain’s Unknowns

Logistics Viewpoints

In our everyday lives, we often navigate uncertainty using a probabilistic approach without even realizing it. Take weather-dependent activities, for instance. When planning your weekend, you might check a 5-day weather forecast, which provides probabilities of rain, sunshine, or cloudy skies. Armed with this information, you make decisions like whether to have a picnic, garden or stay indoors.

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What’s in the Food Supply Chain Matters as much as How Well It Is Functioning

Enterra Insights

According to science writer Max G. Levy , “Right now, 325 million people are acutely hungry. 35 million Americans don’t know where their next meal will come from. The world’s food systems are uneven, fragile, and only becoming more fragile with the climate crisis.”[1] Levy isn’t alone in his concerns. With more mouths to feed each and every day, global food security remains a serious challenge.

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Tecsys Positioned as a Challenger in the 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems Report

Tecsys

Discover how Tecsys has been recognized as a Challenger in the 2024 Gartner Magic Quadrant for Warehouse Management Systems, showcasing its innovative solutions for supply chain management.

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Embedded Analytics Insights for 2024

Organizations look to embedded analytics to provide greater self-service for users, introduce AI capabilities, offer better insight into data, and provide customizable dashboards that present data in a visually pleasing, easy-to-access format. To better understand the factors behind the decision to build or buy analytics, insightsoftware partnered with Hanover Research to survey IT, software development, and analytics professionals on why they make the embedded analytics choices they do.

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Diffusing Healthcare Innovations

QAD

The healthcare industry is renowned for innovation. Medical device firms and pharmaceutical firms spend billions of dollars on research and development. They are constantly faced with new health challenges and expiring patents, so I think it is safe to say they are learning organizations. The byproduct of billion-dollar R&D budgets, is life-saving medical treatments for the rich or well-insured.

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Navigating the Future of Supply Chain Technology

BlueYonder

In the rapidly evolving landscape of supply chain management, technology continues to play a pivotal role in shaping competitive advantage. However, the journey of any digital transformation, and the selection of strategic investments can be a complex and challenging endeavor for any organization. Drawing upon the insights from the “Gartner® Predicts 2024: Supply Chain Technology” report 1 , I’d like to share some reflections on the key areas of focus. 1.

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Korea Pledges $7B Aid Package for EV Battery Supply Chain

Supply Chain Brain

Korean authorities will also continue to seek to secure key battery materials so domestic manufacturers can maintain their competitiveness in the U.S.

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5 Key Takeaways from the Gartner Supply Chain Symposium/Xpo™ 2024

Resilinc

From antifragile supply chains to predictive AI and the need for more multi-value supply chains—the annual Gartner Supply Chain Symposium/Xpo conference left attendees and key C-Suite decision makers discussing trends and technology innovations contributing to the modernization of global supply chains. Held May 5-8 at the Walt Disney World® Swan Resort near Orlando, the event brought together over 4,000 attendees who networked, knowledge shared, and gained exclusive Gartner insights and the late

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The Evolution of Smart Tracking in Combating Supply Chain Theft

Supply Chain Brain

Theft in the supply chain is a massive, costly problem that is only getting worse.

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Next-Gen Procurement: Transforming Processes with the Power of Generative AI

Generative AI goes beyond just automating tasks and providing real-time answers. Did you know that implementing generative AI reduces sourcing cycle times and allows for faster decision-making across procurement operations? In this whitepaper — Next-Gen Procurement: Transforming Processes With the Power of Generative AI — experts reveal how the strategic application of generative AI within procurement processes is paving the way for groundbreaking improvements.

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Legal and Regulatory Considerations in Global Business Translation

IT Supply Chain

By Rob Jackson (pictured) Content Writer The post Legal and Regulatory Considerations in Global Business Translation appeared first on IT Supply Chain.

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Podcast | Creating a Clean and Ethical EV Battery Supply Chain

Supply Chain Brain

North America needs a domestic supply chain for electric vehicle batteries — but it has to be sustainable and ethical.

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Supply Chain Resilience: The Essentials And The Non-Negotiables

ThroughPut

Supply chains across industries are now more vulnerable to failures than ever before. This isn’t the end of the problem, though! Mounting supplier and consumer demands, rapidly climbing prices, and unexpected bottlenecks are causing reduced capacities and network changes. Natural disasters and sudden political changes worldwide add to these challenges.

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How to Measure & Improve Manufacturing Efficiency

Unleashed

Measuring and improving manufacturing efficiency is a great way to trim down production costs. However, it can also assist with increasing workplace productivity and overall product quality. Put simply: the more efficiently you manufacture goods, the more profitable your business becomes. With the right systems in place – and continuous monitoring – you can improve manufacturing efficiency across all your key workflows.

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The Key to Sustainable Energy Optimization: A Data-Driven Approach for Manufacturing

Speaker: Kevin Kai Wong, President of Emergent Energy Solutions

In today's industrial landscape, the pursuit of sustainable energy optimization and decarbonization has become paramount. ♻️ Manufacturing corporations across the U.S. are facing the urgent need to align with decarbonization goals while enhancing efficiency and productivity. Unfortunately, the lack of comprehensive energy data poses a significant challenge for manufacturing managers striving to meet their targets. 📊 Join us for a practical webinar hosted by Kevin Kai Wong of Emergent Ene

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Top 5 Demand Planning Software Features

ThroughPut

Demand planning software is here to stay. Every major supply chain company has demand planners’ toolkits containing it. However, with numerous features and tools available, supply chain planners and managers often wonder which functionalities are truly essential for their operations. This uncertainty can lead to significant challenges, as the wrong choice may not only hinder the ability to generate accurate demand forecasts but also complicate data integration and employee training process

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Another Blowout Quarterly Financial Performance for Amazon

Supply Chain Matters

Supply Chain Matters provides highlights and added perspectives of Amazon’s recently reported Q1-2024 financial performance. Q1-2024 Quarterly Financial Performance Once again, Amazon exceeded Wall Street and investor expectations in delivering stellar financial performance for the recent Q1 reporting period. Headlines included: Net Sales increased 13 percent to $143.3 billion, noted as an all-time high for the Q1 period.

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The Key Benefits of Pursuing a Career in Cybersecurity

IT Supply Chain

By Richard Pearson (pictured) Content Writer The post The Key Benefits of Pursuing a Career in Cybersecurity appeared first on IT Supply Chain.

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Supply Chain by the Numbers for May 9, 2024

Supply Chain Digest

Amazon Rolling Out Electric Big Rigs. Shoplifting Bust in NYC. Penn State Gets Rare Earth Grant.

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Scaling Logistics for Success: A White Claw Story

Speaker: Scott Campbell and Molly Feller

As the demand for your products skyrockets 🚀, you're likely experiencing logistical challenges that are preventing you from scaling your business. The sudden surge in demand can be exciting, but it can also put a strain on your supply chain and logistics operations. In this webinar, join Scott Campbell, Vice President, Logistics & Demand at Mark Anthony Services and Molly Feller, VP Logistics as a Service Operations at e2open, as they explore the challenges that arise when companies expe

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Watch: How Will We Bridge the Manufacturing Labor Gap?

Supply Chain Brain

Lisa Walker, managing director and global industrial practice leader at DHR Global, describes the plight of manufacturers who are facing a shortage of workers in the years ahead, and offers some solutions to the problem.

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Trip Report on Gartner Supply Chain Symposium 2024

Supply Chain Digest

New Construct involves Getting to Supply Chain Drive

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U.S. Container Import Volumes Rise in Rebound After China's Lunar New Year

Supply Chain Brain

Descartes estimates that China was responsible for roughly 34% of U.S. container imports in April, primarily driven by "consumer-oriented" goods.

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Why You Need a Dedicated Inventory Optimization and Forecasting Software

Valogix

Discover the benefits of using a dedicated inventory optimization and forecasting software to streamline your business operations, minimize stockouts, and maximize profits.

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2024 Annual T&L M&A Report

Tenney Group, an industry specialized M&A Advisory firm in the T&L space, produced the 2024 Annual M&A Report. The report contains an in depth overview of 2023 notable deals and the market, while also providing the outlook for 2024 M&A.

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FBI Turns to 1838 Steamboat Law in Baltimore Bridge Disaster Investigation

Supply Chain Brain

The Seaman’s Manslaughter Statute creates criminal liability for the negligence of mariners and vessel owners or operators that results in the loss of life on the waters of United States

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Adoption of Electric Freight Trucks Stalling in Face of High Costs

Supply Chain Digest

Ryder Study Finds Big Cost Advantage for Traditional Diesel

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Investors Vote Down Plan to Unseat Norfolk Southern CEO

Supply Chain Brain

Ancora had sought to switch Norfolk Southern to a leaner operating model that would have cut back on the number of workers, locomotives, and railcars at the railroad.

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America's Manufacturing Renaissance: The Key to Restoring Powerhouse Status

Supply Chain Brain

The U.S. has the potential to reclaim its throne as one of the world's manufacturing powerhouses — but not in the ways other countries have achieved this mission.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Whistleblower Claims Boeing Supplier Delivered Defective 737 Max Fuselages for Years

Supply Chain Brain

Paredes further alleged that it was "just a matter of time before something bad happened," referencing a blown-out door plug aboard a 737 Max 9 in January.