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Taming Supply Chain Bullwhips with Artificial Intelligence

Logility

The paper shortage recovered quickly within 2-3 months of the start of pandemic, but the nationwide hoarding behaviors lasted half a year into the pandemic triggering excess production and at the end, a huge surplus of toilet paper rolls in the United States. Each one of these events has a ripple effect, contributing to the bullwhip.

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What are the best Supply Chain Strategies for 2021

ivalua

For example, China and the United States are ranked 1 and 2 respectively for the production of rare earth elements, but this is deceiving as China is producing 5 times the amount of the United States. Materials like rare earth elements have a high concentration in Asia. Supply Chain Resilience vs Low-Cost Supply Chain.

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When It Comes to Planning, Please Vote with Ike!

Supply Chain Shaman

The 34th president of the United States (1953 to 1961.). I work with a group that has a sub-team focused on cost, one on customer service, and one on inventory, but lack alignment on a standard definition of supply chain excellence. On average, industries carry 38 more days of inventory than in 2007. ” Dwight D.

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Top 15 Logistics Stories of 2023

Logistics Viewpoints

2021 was the trough with in-person events severely limited. Last year brought in a revival of events, but with a few still either provided virtually or postponed for one more year. This year I believe we will not only see a return to the prior number of events, but also record attendance. Not Southwest.

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The Evolving Warehouse: Prepare Your Warehouse for Disruption

Logistics Viewpoints

According to the CBRE Global E-commerce Outlook 2021 report , e-commerce growth will require another 330 million square feet of warehouse space in the United States by 2025. Do you have real-time visibility into your orders, inventory, and shipments? There will be situations where a traditional warehouse will not work.

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McDonald’s Mesoamérica Supply Chain Response to COVID-19

ToolsGroup

Unpredictable consumer behavior in response to macro events creates demand volatility in every link of global supply chains. If you do the math there, you have to make 748,000 inventory decisions per month. So our main task now is to consolidate all the purchase and inventory decisions in one team.

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What is Inventory Carrying Cost?

EMERGE App

But while the newly arrived goods sit in your warehouse, did you know that there are also costs associated with keeping inventory? They are collectively called inventory carrying costs because they need to be paid to hold inventory. Here, we’ll explore what is meant by inventory carrying costs and their examples.