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Don’t Wait to Innovate: 3 Key Benefits of Causal Forecasting

Logility

They’re stuck with inaccurate forecasts, ending up with too much or too little inventory, missed orders, and unsatisfied customers. Let’s consider a simple example—daily sales of ice cream. It enhances forecast accuracy, lowers expediting and inventory costs, and reduces over/understock situations. And the result?

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Inventory Strategies: Evaluating Constant Disruptions

Logility

Inventory strategies begin with an efficient network design to effectively balance your ability to accurately predict customer demand and work with suppliers to adjust orders in real time. Routine firefighting of inventory issues is a symptom of inventory strategies treated as a once-a-year exercise.

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HWI Unleashes Continuous Innovation

Logistics Viewpoints

They view their implementation of a tightly integrated suite of applications delivered in a public cloud infrastructure from Oracle as a platform on which they can build to help drive continuous innovation. For example, the bricks in a pizza oven are refractory bricks. HWI employed a crawl-walk-run methodology.

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Your Guide to Understanding & Minimizing Inventory Costs (with Formula)

RFgen

Managing inventory costs is a constant struggle. Managing inventory costs is important because high inventory costs can erode the bottom line. On the other hand, optimized inventory levels can enhance it. On the other hand, optimized inventory levels can enhance it. Next is the cost of storing the inventory.

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Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

Examples of Supply Chain Robots at MODEX 2024 Several exhibitors at MODEX 2024 showcased their innovative solutions for supply chain robotics, demonstrating the diversity and potential of this field. Here are some of the examples that caught our attention.

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The Role of AI in Inventory Management

ThroughPut

Inventory is the backbone of the modern firm, and potentially its most important asset. Thus, effective inventory management is one of the crucial goals of modern-day businesses – and a critical element of supply chain management. What is Inventory Management?

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Innovations in using Technology to stay ahead in the Game!

The Logistics & Supply Chain Management Society

To meet this gap, CEVA Logistics has transformed itself by incorporating advanced technology to create innovative solutions for its customers, big or small. This innovative technology creates a higher level of productivity during picking and. Not all of CEVA’s innovations are targeted directly at its customers.