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Just-In-Time Management – How to Manage Inventory in 2024

ThroughPut

The Just-In-Time inventory management approach revolutionized manufacturing forever. What is Just-In-Time (JIT) Inventory Management? Its central mission is to curtail inventory expenses and amplify operational efficiency by timing the receipt of goods to coincide with their actual need in the manufacturing cycle.

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

Logility

You quickly realize your old map just isn’t enough anymore. It’s not just about what happened in the past but also includes current factors like market trends, promotions, and even the weather. Let’s consider a simple example—daily sales of ice cream. Sounds familiar? Enter causal forecasting.

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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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My Failure Of Using Design Thinking To Drive Supply Chain Innovation

Supply Chain Shaman

Just as there are many flavors of sports teams, there are many types of supply chains. This post focuses on my failure to use design thinking to spark innovation with supply chain teams and my lessons learned. Today, six years later, I reflect on the gaps of the methodology as it applies to supply chain innovation.

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Is Your CXO an Early Adopter of Innovation?

QAD

On June 16th, The Wall Street Journal published an article written by Jason Gay on innovation where he talks about the early adoption of the Apple Vision Pro. Early adopters are going to spend a lot of money to be the first to have this new Apple innovation. Planning for Innovations. He labeled himself a “skeptical jerk”.

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Side-step Oxymorons to Make Progress in Planning

Supply Chain Shaman

As discussions full of oxymorons, acronyms, and juxtapositions fill the air, I think that it is time to step back, and rethink planning based on the opportunities that new forms of analytics and data give us. Why would they not want to innovate and, drive first-mover advantage?” My goal is to drive change. Buyer beware.

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How manufacturers can enable innovation on the factory floor

SYSPRO Smarter ERP

There is a common cliche that necessity is the mother of invention – and by extension, innovation. The past two and half years have certainly brought a variety of challenges and opportunities that have made innovation not just a preference, but essential for manufacturers and distributors to thrive into the future.