Remove Innovation Remove Inventory Remove Metrics
article thumbnail

The Role of Supply Chain Planning in Today’s Complex Business Environment

Logistics Viewpoints

By developing strategies for design, supply, production, distribution, and inventory, planning provides a foundation for product innovation and plays a key role in product simplification and SKU rationalization. Supply chain professionals use various tools, including supply chain modeling, inventory management, and forecasting.

article thumbnail

Dynamic Inventory Replenishment Optimization Guide

ToolsGroup

Financial crises, global tensions, supply shortages, technological innovations, and regulatory changes are inevitable we just cant predict when theyll strike. This uncertainty makes dynamic inventory replenishment optimization essential for business success. Disruptions in the supply chain happen with surprising regularity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NRF 2025: Transforming Retail Through AI, Data, and Customer-Centric Innovation

ToolsGroup

As retailers navigate an increasingly complex marketplace, several key themes emerged that are set to define the next era of retail innovation. Returns Management and Integration With 35% of online purchases being returned, predominantly to physical stores, retailers are grappling with the ripple effects on inventory management.

article thumbnail

The Three Pillars of Sustainability in Supply Chain and Logistics: A Strategic Guide

Logistics Viewpoints

These pillars provide a comprehensive framework to align operational goals with broader corporate and societal objectives, fostering resilience, innovation, and long-term value. Senior leaders must think beyond incremental improvements, embracing systemic innovation to achieve significant environmental impact.

article thumbnail

Autonomous Business Planning Is Not Only Possible, It Has Already Been Achieved

Logistics Viewpoints

But Omer Bakkalbasi, the chief innovation officer at Solvoyo, says they are already there. “We Solvoyo has a metric they call the user acceptance rate. You set a target inventory level. When forecasting accuracy improves, achieving on-time in full can be accomplished with less inventory. We feel we are ahead of our times.

article thumbnail

Step Past AI Hype Drive Real Value

Supply Chain Shaman

The business network market is in need of innovation.) Yawn and walk on if the answer is i mproving demand error or reducing inventory levels. At the session, we will discuss the choice of metrics for a balanced scorecard to improve market capitalization/employee by industry.

article thumbnail

Mastering Disruption: A Smarter, More Connected Approach

Logistics Viewpoints

A disruption at any point in the global logistics network including the average of 12 touch points from shipment packaging to final delivery can prove disastrous for profits, service levels, customer loyalty, and other key metrics. Generally, next-gen innovations fall into a few main categories, discussed below.