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Q4 is the most critical time of the year for retailers. It’s the period when sales skyrocket and hitting your revenue targets becomes more important than ever. However, the key to maximizing your Q4 revenue doesn’t lie solely in marketing or pricing strategies—it starts with your inventory. Real-time inventory rebalancing is the game-changer that can help you meet customer demand precisely when it peaks.
Author’s Note: Yes, it’s Friday, the day I typically highlight the supply chain and logistics news that caught my attention this week. But this was a very quiet week for news — maybe Labor Day has turned into Labor Week? Anyway, since there wasn’t much news to write about, I decided to highlight some Indago. Read more The post Freight Fraud: How Good Are Your Processes to Prevent It?
One promising application that is emerging in the Supply Chain and Sustainability space is Digital Product Passports (DPPs). Driven by regulations and a thirst for data transparency. Blockchain can serve as the backbone for tracking and managing product information throughout its entire lifecycle. The potential to provide reliable, tamper-resistant data across supply chains is driving interest from various sectors, including pharmaceuticals, electronics, and food production.
When most people think about a business, they don’t often picture the myriad decisions that must be made on a daily basis. However, as Bain analysts, Michael C. Mankins and Lori Sherer , explain, “The best way to understand any company’s operations is to view them as a series of decisions.”[1] Neither do people often think about a business’ supply chain.
To ensure that their supply chains are resilient and capable of handling disruptions, organizations must take proactive measures supported by artificial intelligence.
To ensure that their supply chains are resilient and capable of handling disruptions, organizations must take proactive measures supported by artificial intelligence.
Ensure EU MDR 2017/745 Compliance by September 26, 2024 September 26, 2024, is a critical deadline for life sciences companies selling medical devices in the European Union. By this date, medical device manufacturers must have collaborated with their notified bodies to secure extensions for their medical devices to comply with the EU 2017/745 Medical Device Regulation (MDR).
Table of Contents Introduction In October 2023, the Carbon Border Adjustment Mechanism (CBAM) — an emissions trading scheme to reduce carbon emissions — went into effect. Now in its transitional “pilot” phase for the European Union, the CBAM is set to directly affect EU firms, with an indirect impact on U.S. and global producers who export to the EU.
“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.
Within the next week, New York will be bustling with people attending fashion shows, brand events, and participating in Fall 2024 Fashion Week. Some of the biggest and emerging brands will showcase their work to the media and the public. This will be a major opportunity for media outlets to produce stories and for companies like Temu and Shein to observe closely.
John Delgado and Joe Lynch discuss logistics knowledge work in the AI age. John is CEO of FreightPath , an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution. Summary: Logistics Knowledge Work in the AI Age The logistics industry is grappling with a talent shortage, and the rise of AI is further reshaping the landscape.
Keeping up with supply chain demands is no easy feat. Whether you're managing inventory in a warehouse, trying to streamline operations at the dock, or juggling yard logistics, everything needs to flow seamlessly. And here’s where supply chain visibility comes in.
In the fast-paced world of retail, every decision counts—especially those related to inventory management. Yet, many retailers underestimate the true cost of doing it poorly. From stockouts to overstocks, these issues can silently erode profits, damaging your bottom line in ways you might not even realize. So, how much are you really losing? The Financial Impact of Stockouts When a customer walks into your store or visits your website and can’t find the product they’re looking fo
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
FabFitFun Warehouse in Chino, CA FabFitFun is an interesting retailer with a complex supply chain. They have assembled a set of hardware and software solutions to enable huge surges in shipping. They have been successful enough with their fulfillment capabilities that they are no longer just a direct-to-consumer retailer; they are also a third-party logistics provider.
Businesses are increasingly recognizing the need to integrate sustainability standards required by national laws deep within their international supply chains.
By Charles Smith (pictured) Sales Executive, Absoft The post The Value of a Personable Approach to Managed Service for SAP appeared first on IT Supply Chain.
In a previous blog post , I discussed the challenges planning and execution teams face in responding to increasing disruptions. From extreme weather to port closures, disruptions all too frequently upset these teams’ carefully defined plans for getting inventory from Point A to Point B — leading to stockouts and dissatisfied customers. Since disruptions can never be eliminated, the solution lies in creating a fast, accurate and efficient way to optimally re-allocate inventory following a disrupt
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.
ERP systems are not renowned for their simplicity. With the overwhelming ERP system complexity, there is a lot of technical data and parameters to maintain. Planners are often lost or dependent on data maintained by other remote teams. They have no way of ensuring that the system’s recommendations are correct. Usually, they end up calculating.
By Rob Jackson (pictured) Content Writer The post 7 Reasons Why Automated Webinars Are the Future of Online Marketing appeared first on IT Supply Chain.
Warehouse Management. 2024 Holiday Spending Predictions – Recent surveys reveal that 65% of holiday shoppers plan to spend about the same on gifts as they did last year. To ensure a seamless and successful Black Friday and Cyber Monday, selecting the right Third-Party Logistics (3PL) provider is crucial. 1. Scalability and Flexibility Your 3PL must have the ability to scale operations up or down based on demand fluctuations during Black Friday and Cyber Monday.
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.
Understanding the cost to supply is as crucial as knowing your cost to serve. It’s about assessing the costs your suppliers incur when delivering to your business, which can significantly impact your strategy, pricing, and overall efficiency. By understanding these costs, you can make informed decisions that enhance supplier relationships and optimize your operations.
In a survey of 258 supply chain leaders, 88% said that they expect to see a "moderate to very high" positive impact from scenario planning around geopolitical risks.
In this posting we wanted to alert readers to a contributed column from Supply Chain Matters Founder and Executive Editor Bob Ferrari in the September -October edition of Supply Chain Management Review magazine. This article is part of the Supply Chain Management Review Global Links column that features invited contributed thought leadership. Bob’s contribution is titled: When worlds collide.
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.
Beyond Dependence: The Power of Supply Chain Diversification September 4, 2024 Article Table of Contents Introduction In today’s globalized market, supply chain diversification has emerged as a vital strategy for businesses. The concept of supply chain diversification involves reducing reliance on a single supply source and tapping into different market opportunities and technologies to enhance competitiveness.
In recent years, integrated business planning (IBP) has been gaining traction among companies looking to improve their supply chain strategy. But what exactly is integrated business planning and how can companies adopt it quickly and successfully without causing undue disruption to the daily operations of the business?
By Mike Bronson (pictured) Content Writer The post Manual vs. Electric Pallet Jacks: Which One Is Best for Your Warehouse Facility? appeared first on IT Supply Chain.
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