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As a retailer, proper inventory management should be a top priority. Having a comprehensive stock management system in place will help you track the inventory levels of all of your products, as well as helping to meet customer demand by ensuring you have the right amount of stock available for sale. It will also help reduce costs by ensuring that overstocking does not occur, and provide greater visibility into the performance of your inventory.
The $53 trillion manufacturing economy in the US is undergoing a major automation paradigm shift due to Artificial Intelligence (AI). Thanks to new practical frameworks, automation projects that were once impossible or inefficient to implement are now being fast-tracked, and robotics automation is becoming increasingly relevant to a growing number of users and scenarios.
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. The Digital Supply Chain Journey : Step 1 – The Vision! Getting anything done requires resources and management. Getting change to happen requires that plus leadership, drive and conviction. Getting a digital transformation to take hold takes all of that plus bravery, resolve, unrelenting persistence, risk taking, tenacity and courage.
Collaborative mindsets and capabilities. Following the recent publication of the HICX’s Voice of the Supplier Survey , in which we asked over 500 suppliers to some of the largest companies in the world about their challenges and recommendations that they have for reducing friction in relationships between enterprises and suppliers, we asked a panel of experts to provide their reactions to the findings of the report.
Collaborative mindsets and capabilities. Following the recent publication of the HICX’s Voice of the Supplier Survey , in which we asked over 500 suppliers to some of the largest companies in the world about their challenges and recommendations that they have for reducing friction in relationships between enterprises and suppliers, we asked a panel of experts to provide their reactions to the findings of the report.
2022 has proven to be both positive and disruptive for the manufacturing industry. Despite the pandemic, recession fears, supply challenges, a tight labor market, and economic instability, manufacturing companies continue to survive and evolve in the “new normal.”. In 2022, Industry 4.0 helped transform many manufacturing businesses. Industry 4.0 has enabled manufacturers to embrace advanced technologies for more intelligent automation and increased business connectivity.
Definition of Confirmation Bias. A Story. On Friday night, I had dinner with a LinkedIn contact. (As I travel, I post where I am going, and if someone reaches out for dinner or lunch, I say, “Why not?”) So, I sat across from a stranger on a cold winter night, the only thing that we had in common was our experience in supply chain planning. .
By Dennis Perjet (pictured). Head of Strategic Accounts EMEA, Tive. The post Be better prepared for peak season with real-time logistics visibility appeared first on IT Supply Chain.
Note: Today’s post is part of our “ Editor’s Choice ” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This article is from Emerge and offers tips for trucking companies to decrease their insurance premiums. The number of accidents in the trucking industry is up, and so are insurance premiums.
Thanks to disruptive events over the past two years, supply chains have become central to business success, forcing CEOs and other business executives to spend a much larger portion of their time and strategies focused on this once afterthought of their operations. What has changed? What will the business environment be like moving forward? Why. Read more The New Supply Chain Landscape: Why Moving Up the Supply Chain Spectrum Is Imperative.
Your Sales Plan is NOT a Forecast! by Jeff Harrop – Supply Chain Educator and Consultant. Man is the only animal that laughs and weeps, for he is the only animal that is struck with the difference between what things are and what they ought to be. – William Hazlitt (1778-1830). A Ferrari has a steering wheel. A fire truck also has a steering wheel.
Jim Andrew, Chief Sustainability Officer at PepsiCo. On November 4 th , I interviewed Jim Andrew, the Chief Sustainability Officer at PepsiCo, about their environmental, social, and governance (ESG) program. PepsiCo is a very big company, the second largest food and beverage company in the world. PepsiCo generated $79 billion in net revenue in 2021, with 23 food and beverage brands that generate more than $1 billion each in retail sales.
“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.
Black Friday has traditionally marked the beginning of the holiday shopping season. No longer. Today it falls somewhere in the middle of an expanded holiday shopping period. Why? The two most prominent reasons are that some retailers begin their holiday sales earlier (sometimes before Halloween), and the rise of e-commerce (which allows consumers to shop for bargains year-round).
Piecing Together the SIOP Process. by Madeline Smith , Supply Chain Management Consultant at Clarkston Consulting. Sales, Inventory, Operations Plan (SIOP) is a process within many successful supply chain organizations that recognizes the integral relationship between all departments in the company, but how do you piece together an SIOP process? Read below for a guide to solving the SIOP puzzle for your organization. .
Last September, we asked members of our Indago supply chain research community — who are all supply chain and logistics executives from manufacturing, retail, and distribution companies — Is your company becoming more supply-driven? A majority of the respondents (58%) said that they had become more supply-driven in response to the current market challenges.
Nearly all retailers (98%) surveyed said they expect supply chain disruptions to continue during the 2022 holiday season, while 88% predicted they will worsen.
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
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. An Acquisition Gone Wrong! A Coup D’Etat in the Boardroom! When two companies decide to combine their talent and resources in order to engage in larger markets, you will often find that a merger is on the table. If you’re looking at a future where your company will be a part of a merger or acquisition, then you might worry about how to navigate the process.
The Green Corridor: To Realise the Circular Economy Dream – Reach Out to Your Community. by Timothy Foote , Founder of Susymbio. Buy, use, and toss. That is the experience a consumer has when they are well … consuming! When we dispose of something though, is that really the end? In the case of fruit and vegetable peelings for instance, I actually use them as material for composting, for my garden.
Inventory management is important because it provides a buffer to balance out the uncertainties between demand and supply. However, while it can be viewed positively, holding inventory also creates problems. Physical space used by stock comes at a cost – inventory ties up cash and working capital which could be better deployed elsewhere. As an asset on a company’s balance sheet, reduced inventory results in a higher return on assets.
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.
By Allen Downs (pictured). Vice President Security & Resiliency Services, Kyndryl. The post Black Friday/Cyber Monday: Cost of Living Crisis Set to Increase Cyber Threat appeared first on IT Supply Chain.
Your Sales plan is NOT a Forecast Download the latest LogiSYM Supply Chain Magazine. In this edition we have several news updates, interesting & enlightening articles and contributions on people & management – topics which are most crucial to the development of the Supply Chain Industry across regions as well as globally. Download the latest LogiSYM Supply Chain Magazine now!
Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Bitcoin Technology Innovations! With Bitcoin, anyone from any country can use the currency without regulation or restriction. Websites make the best utilization of artificial intelligence and perfect trading strategies to help newbie traders in their trading journey. In addition, people can use revolutionary technology to flatten the playing field between countries with a surplus of capital and those with a deficit.
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.
By Nick Delis (pictured). Senior VP of International and Strategic Business, Five9. The post Black Friday – most successful to date? appeared first on IT Supply Chain.
Resilience for Supply Chain Decarbonisation. by Dr. Shereen Nassar , Global Director of Logistics Studies and Director of MSc Logistics and Supply Chain Management Suite at Heriot-Watt University Dubai. Global supply chain disruption has become commonplace, forcing the industry to see beyond the traditional means of working. Especially the COVID-19 pandemic has changed the way the industry operates.
Recently, Ronald van Dodewaard , Vice President Logistics at Outokumpu shared his thoughts on the company’s work with integrating sustainability into their transportation functions, including how Blue Yonder’s Transportation Management System (TMS) has enabled them to develop a more environmentally-friendly transportation program. Outokumpu’s vision is to be their customers’ first choice in the delivery of sustainable stainless steel, and the company is continuously seeking new ways to further i
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