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Active warehouses are hubs of human activity. Pulling and loading inventory is an ongoing process in the highly dynamic distribution centers of today. To maximize floor space, which amounts to revenue potential for the facility, operators have reduced aisle space to a minimum in order to optimize storage space. But in a new era of social distancing requirements, these spaces where the most human interaction occurs must be re-evaluated.
The novel coronavirus has produced a lot of uncertainty, and for manufacturers in the pulp and paper industry, that includes uncertainty related to demand. Stores unsurprisingly sold out of the typical products like soaps, hand sanitizers, and spray cleansers, but disposable tissue paper – of all things – was even more difficult to come by, both in the U.S. and worldwide.
What is beginning inventory? Beginning inventory is the dollar value of all inventory held by a business at the start of an accounting period, and represents all the goods a business can put toward generating revenue. You can use the beginning inventory formula to better understand the value of your inventory at the start of a new accounting period.
COVID-19 catalyzed rapidly shifting commerce models that were reshaping how goods and services were procured and delivered. In a matter of weeks, entire countries came to a near standstill as governments issued mandatory stay-at-home orders to help slow the spread of the novel coronavirus. Highways and roads became desolate, and e-commerce became vital as the consumer’s appetite, both literally and figuratively, could now, in most cases, only be satisfied via online shopping with home deli
“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.
Many current supply chain professionals say that they “fell into” the field — that is, they started their careers elsewhere but ultimately ended up in a supply chain role. For example, I have a degree in Material Science Engineering and I started my career in semiconductor manufacturing and new product development. Did you “fall into” Read more Falling Into Supply Chain Management.
Reverse logistics are a major hurdle to efficiency and profitability in modern supply chains. However, they are not something an organization can simply avoid. Failure to offer a fair, free returns process will cost customers. Period. As a result, supply chain executives need to find a way to handle the reverse logistics problem. And making.read More.
A Hi-Tech Company’s Control Tower Helped It Better Manage Air Cargo During the Worst Days of the Pandemic In 2014, one of the world’s largest high-tech manufacturers started thinking about a digital transformation that would help them better serve their customers while also generating operational efficiencies. From a supply chain perspective, a robust supply chain digital transformation would involve end-to-end visibility of inventory in motion and inventory at rest in near real-time.
Next generation supply chain optimization will pair both smart, interconnected digital environments with the human insight it takes to make the most out of them. In my role, I get to meet a lot of people with a range of interests in optimizing various aspects of their supply chains. Typically, we’re trying to solve very. Read more Industry 5.0 and the Supply Chain.
The global food and beverage supply chain has been stressed to the breaking point by the COVID-19 Pandemic. In most countries since early spring, there has been an unparalleled wave of stockpiling by panicked consumers leading to near empty retail shelves. Shelter-at-home and the mandatory closing of non-essential businesses has led to restaurant bankruptcies in record numbers, pouring milk down the drain and fields of rotting produce that were destined for food service businesses.
Speaker: Lee Andrews, Founder at LJA New Media & Tony Karrer, Founder and CTO at Aggregage
This session will walk you through how one CEO used generative AI, workflow automation, and sales personalization to transform an entire security company—then built the Zero to Strategy framework that other mid-market leaders are now using to unlock 3.5x ROI. As a business executive, you’ll learn how to assess AI opportunities in your business, drive adoption across teams, and overcome internal resource constraints—without hiring a single data scientist.
The COVID-19 pandemic has changed the nature of my job quite a bit. The pandemic hit just as we were heading into our busy conference season. So instead of traveling across the country attending conferences, networking with peers, and in most cases, enjoying a bit of sunshine either by the pool or on the beach, I was attending these events from the friendly confines of my home office.
There are two sides to the supply chain transformation coin: the digital and the physical. While digital transformation has been getting the lion’s share of attention from analysts and technology companies, you cannot overlook the importance of physical transformation — that is, the importance of recognizing that your supply chain and distribution networks, which were.
[link] Lets Talk – Omnichannel and Multimodal Shipping Trends The global supply chain is sick. Problems are beginning to amount to major disruptions, and the current pandemic is just the latest indicator that when things go wrong, and as they often do, traditional processes and standards for mitigating disruptions and eliminating risk may swell.read More.
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
Covid-19 has left restaurants and food distribution companies scrambling to stay afloat. Many are straying away from their traditional business models to keep their companies from going under. The food distribution industry is already expecting to take a $110 billion loss for a year which is a third of their 2019 revenue. The industry lost somewhere […].
It is back to school shopping season again, but things sure have changed. With the future uncertain, coronavirus could push back-to-school shopping to record levels as families make contingency plans for remote learning. The National Retail Federation (NRF) and Prosper Insights & Analytics released their annual survey on back-to-school spending, and consumers tentatively plan to spend record amounts on laptops and computer accessories in anticipation that at least some classes will take plac
As a child, I remember sitting on my grandmother’s lap in the evenings to watch Walter Mercado. Sometimes I watched with my mother too, the two of us on our plastic-covered sofa waiting for Walter to give us our astrological prediction (I am a Leo, my mother is Aquarius). Who was Walter Mercado? It is. Read more Above the Fold: Supply Chain Logistics News (August 14, 2020).
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.
[link] Customers around the globe have moved to increase e-commerce purchases in the wake of the COVID-19 crisis. Unfortunately, increases within E-commerce represent a major problem for the reverse logistics supply chain. Returns management within e-commerce have always been significantly higher than brick-and-mortar stores. However, the sudden surge in demand for e-commerce will inevitably contribute.read More.
To adapt an old saying, the idea that great service should be a top supply chain priority is as universally accepted as motherhood and the dominance of the ‘92 Dream Team. In fact, it’s one of the few things people wouldn’t disagree on these days. Despite this, however, there is surprisingly little consensus on the definition of ‘service level’ among those who work in supply chain and the customers their businesses serve.
Here are the key benefits of certifying the competence of users employing routing and scheduling technology—both for companies and for their employees. As modern technology continues to advance, the number of software programs that companies are using is also increasing. In the supply chain management space, myriad different platforms handle the many steps that it.
Fashion isn't just all about dressing up and H&M's supply chain procedures are a testament to that. Globally recognised for being a successful and expansive retail giant in terms of market and financial prosperity, H&M's.
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.
Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. There are libraries full of algorithms that are relatively easy to implement in software, but the math is only as good as the data it’s applied to. And your forecasting success is fundamentally impacted by your understanding of that data, its strengths and limits.
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. In this article, Niels argues that these technological advances can lead to either (a) planning-process and decision automation or (b) planning and decision augmentation.
Two of the leading operations & supply chain management journals have just announced their best paper award winners at the Annual Meeting of the Academy of Management. The Journal of Operations Management ’s Jack Meredith Best Paper Award 2020 goes to two winning papers: Wiengarten, Fan, Pagell & Lo’s (2019) paper is titled Deviations from Aspirational Target Levels and Environmental and Safety Performance: Implications for Operations Managers Acting Irresponsibly ; and Bavafa & Terw
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
This blog is a guest post from Paul Patin, Chief Technology Officer at Logistiview. He explains his personal journey from supply chain AI/ML skeptic to optimistic believer and how these technologies will radically transform supply chain planning and warehouse automation in the future. I confess that I was once an AI and ML skeptic. I love technology.
Now a days almost every company is thinking of supply chain digitalization. Most feel that they need to get a system and maybe some AI/ML capability and they are on their way! It takes a lot more! Digitalization requires a digital twin of your supply chain, i.e. a digital representation of the physical world. Our terminology is a “ Digital Mirror ” to focus on every little aspect of your environment.
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