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2022 Forecast: Supply Chains Become Critical Infrastructure

ToolsGroup

All this led to global supply chain disruptions and inventory build-ups, wrong inventory mixes, and supply chain shortages in 2022. Image source: New York Times. The good news: we have the technology to solve this now. Eventually, blockchain will become a key part of the open supply chain platform.

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ToolsGroup Launches Integrated In-Season Retail Inventory Optimization Solution 

ToolsGroup

BOSTON & LONDON — January 15, 2024 — ToolsGroup , a global leader in retail and supply chain planning and optimization software, today announced the launch of their In-Season Inventory Optimization Solution, an integrated suite of tools in the greater JustEnough retail planning and execution suite.

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Multi-echelon Inventory Optimization vs Inventory Optimization

ToolsGroup

The subway system is the lifeblood of New York City, pre-COVID carrying an average of 5.5 Each station is part of a larger system and operates on a set schedule under one management umbrella. When it comes to inventory management, each piece must operate as a part of a global integrated system to be most effective.

Modeling 270
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Inventory and Inflation

Enterra Insights

The irony of excess inventory. In the grocery sector, for example, correspondents from the New York Times observe, “[Grocery shoppers] doing their weekly runs to grocery stores [are finding] some items that used to be plentiful have been missing for months.”[2] Excess inventory was also caused by the Bullwhip Effect.

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Editor’s Choice: 5 Supply Chain Management Success Factors for CPG Companies

Logistics Viewpoints

At the center of everything is the need to select the right supply chain management (SCM) platform. Following a path to progress A digital supply chain management platform allows CPG companies to unleash innovation and boost customer acquisition and retention. Getting past disparate systems and centralizing data was critical.

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This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

And now on to this week’s news. Dick’s Sporting Goods Beats Forecast in Q1 But Cautions on Inflation, Supply Chain. Walmart and Symbotic Expand Partnership to Deploy Automation System. This builds upon a prior agreement for 20 regional DCs, some of which have already begun implementing Symbotic’s technology.

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How to Navigate ESG Risk with Supplier Management Software

QAD

As discussed in a recent QAD blog post , the United Nations forecasts 160 million children between the ages of 5 and 17 are involved in child labor. These tools position businesses to take a proactive approach to ESG risks and other risks to the supply chain to identify opportunities to optimize trade-related costs.