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Having a hard time figuring out how to use forecasting when the results never seem good enough? For many of us, forecasting seems like either too much work, or too complicated to get right. So we fall back on our best estimates, based on information from our sales team, or simple spreadsheets that use some historical sales data to generate trend lines.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Shiny New Technology or Back to the Basics? What is Your Strategy? Smart Supply Chain article originally published by, and permission to publish here provided by, Raanan Cohen at bringg.com. In a recent article on CIO Dive, The state of AI across 5 industries , I read that “retailers now have a call to action to use AI.
A few weeks ago, I overheard a conversation in a rural private household about whether it would be worthwhile to keep their own laying hens in order to remain independent…
“Good old supply chain. It just gets simpler every year!”. … said no VP of supply chain ever. . We’ve created quite a monster with all the sophisticated tools we use to influence demand with pricing, new product introductions and promotions. Internet-fed trends are changing at hyper-speed. As businesses use more “levers” to influence demand, demand variability grows.
How do I calculate wholesale prices?’ has become a major question for wholesale business entrepreneurs, or people switching from retail to wholesale businesses. The reason behind this is the rise in competition in the business sector. Customers nowadays have multiple options for buying the same products from different sites. Sellers get confused about whether to set the price according to the competitor’s price.
Are you ready for the future? 2020 is not science fiction anymore, it’s right now. . Faced with an unstable economic environment in which change is the only certainty, companies are operating today in a new world. Global trade, geopolitics, climate changes, natural disasters, digitization, the increasing demand for customer flexibility and the volatility of consumer demand increase supply chain complexity.
Are you ready for the future? 2020 is not science fiction anymore, it’s right now. . Faced with an unstable economic environment in which change is the only certainty, companies are operating today in a new world. Global trade, geopolitics, climate changes, natural disasters, digitization, the increasing demand for customer flexibility and the volatility of consumer demand increase supply chain complexity.
The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Now more than ever, businesses must improve the efficiency of their supply chains not only to maintain a competitive advantage but also to reduce risk. Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management.
It is in every company’s best interest to be ready if they were to be affected by internet-breaking campaigns or risk losing these battles to competitors.
What is a retail deduction? For retail suppliers, deductions can have a drastic impact on their bottom line. Deductions ( also known as chargebacks ) are the fines that suppliers receive from their retailers when a perceived issue has happened in the supplier’s supply chain. Anything from shortages in shipping to a price difference between a purchase order and invoice can trigger one of these costly charges.
“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.
This short note is about one way your business can develop a plan to adjust to one of the likely fallouts from the virus: sudden increases in the time it takes to get inventory replenishment from suppliers. Supply chains around the world are being disrupted. If this happens to you, how can you react in a systematic way? The post Gaming Out Your Logistical Response to the Corona Virus appeared first on Smart Software.
Supply chains can become fragile and broken. Managing abrupt changes in the manufacturing environment — both planned and unplanned — is among the key benefits of the digital enterprise.
The Supply Chain ( SC ) embodies all the stages it requires to procure a particular product or service, from its primary condition to the customer. It is a network among an enterprise and its suppliers to manufacture goods and deliver a specific product to the ultimate buyer.
Speaker: Andrew Skoog, Founder of MachinistX & President of Hexis Representatives
Manufacturing is evolving, and the right technology can empower—not replace—your workforce. Smart automation and AI-driven software are revolutionizing decision-making, optimizing processes, and improving efficiency. But how do you implement these tools with confidence and ensure they complement human expertise rather than override it? Join industry expert Andrew Skoog as he explores how manufacturers can leverage automation to enhance operations, streamline workflows, and make smarter, data-dri
A WHO report 1 says poor countries lose over 2,50,000 children to fake and substandard drugs of malaria and pneumonia every year. Although most industries are focusing on supply chain efficiency, pharma supply chains bring a bigger worry into the picture: patient safety. One of the major worries for the global pharmaceutical industry around patient safety is counterfeit drugs.
The food supply chain is unlike any other. While electronics, automotive, and consumer goods’ supply chains promote their products, the food supply chain represents a basic human necessity–food. As a requirement to everyone, foods and beverages deserve a highlighted view of the use of new technologies, including artificial intelligence (AI) and augmented reality (AR) to.read More.
As technology continues to make incredible advances, there are also annoyances that are commonplace these days. One annoyance is constant privacy concerns over whether or not our devices are listening to us. My wife and I are constantly amazed by the ads that come up in our Facebook feed after a conversation about a TV show or a location we would like to visit.
Bill Alrich, Customer Solutions Representative at Elemica, discusses the value of supply chain quality management in Aerospace & Defense industry. Podcast version (click to play): The post [Video] The Value of Supply Chain Quality Management in the Aerospace and Defense Industry appeared first on Talking Logistics with Adrian Gonzalez. Bill Alrich, Customer Solutions Representative at Elemica, discusses the value of supply chain quality management in Aerospace & Defense industry.
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.
With 2020 well underway, it’s a great time to pick a hot industry topic and subject it to a “state of the state” evaluation. And where better to start than Artificial Intelligence (AI) in the supply chain market? During this frothy, buzzword-laden phrase, we’ve seen a lot of shiny objects competing to exploit legitimate excitement around Artificial Intelligence, and in the process they may be creating confusion.
The transportation management trends for 2020 reflect a growing consensus that new technology and visibility will define the successes of the future supply chain. Adoption rates for new services and cloud-based technologies are climbing, and the global transportation management system (TMS) is expanding. In fact, according to FreightWaves, the global TMS market will achieve a.read More.
The biggest constant in transportation today is changing. It is forcing companies to rethink how they plan, optimize, execute, and collaborate with trading partners. The effort to move closer to the customer – by virtually all businesses – means supply chain networks of old must be replaced with more links, more nodes, and smaller, more frequent shipments.
When I was a kid growing up in Brooklyn, the mayor at the time, Ed Koch, was famous for always asking “How’m I doin’?” That’s a question that supply chain and logistics professionals ask all the time too. But understanding how you’re doing and how your performance compares to others in the industry has historically. Read more What Does Great Look Like in Logistics?
What is Remote-Insourcing? Sounds like an oxymoron, right? Not anymore. Remote-Insourcing isn’t outsourcing—it’s a revolutionary staffing model that lets our clients fill key entry-level positions with top-tier, loyal, long-term talent, integrated seamlessly into their businesses—just like local employees but without the turnover or W2 HR hassles. With under 4% unwanted attrition, you train once and keep the same team for years.
The coronavirus outbreak has the whole global community concerned and hoping for the swift containment of this humanitarian crisis. . In addition to the terrible human cost, the virus is also sending ripples throughout the global supply chain. The two recent crises in global trade – the outbreak and the US-China trade war – show how vulnerable small and medium size businesses (SMBs) can be to shocks to the supply chain, but also point to ways to mitigate that risk.
Listen to “Robotics Process Automation (RPA): The Next Game Changer in Logistics” on Spreaker. Logistics Technology Resources An Introduction to Blockchain and Its Potential Benefits and Drawbacks in Supply Chain Management Download White Paper Revenue Growth At The Hand Of Improved Digital Supply Chains Download White Paper The Digital Supply Chain: The Landscape, Trends, Types,read More.
How’s my week been? I’m a little poorer, but no broken bones. I skied down a mountain, I skied through a forest, I skated ovals on icewithout falling down. I made it to Friday, a little poorerbut with no broken bones. I am visiting my daughter in college today. Maybe we’ll roll a ball toward wooden pins,Or. Read more Above the Fold: Supply Chain Logistics News (February 21, 2020).
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.
If your business relies on proper supply chain management systems, then you’re going to want help with your production planning. Production planning software is an excellent way to make your supply chain planning more efficient and effective. What is Production Planning Software? These software suites fall under the umbrella of enterprise resource planning (ERP) software, and are used to help firms plan out the production part of their supply chain.
With the holidays over and 2020 underway, one of the biggest challenges facing today’s supply chain is the current public health scare and its associated disruption in the supply chain. The coronavirus, now officially named COVID-19 by the World Health Organization (WHO), is a “global-public-health-emergency” that originated in Wuhan, China in late December 2019.
Trust has been on a journey in the beauty space. What will the next generation of brands do to solve this and support a healthier, more sustainable industry? Let’s talk beauty from the inside out when it comes to the true makeup of our products and their impact. A brief background on the trust problem. For most of the 20th century, the titans of the beauty space were in a one-way communication flow with their audience.
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