article thumbnail

Inventory Management – The Essential Guide for 2024

ThroughPut

Effectively Managing inventory is a common challenge for many supply chain and manufacturing professionals. Without proper inventory management, businesses can face stockouts, overstocking, and increased operational costs, which can impact profitability and customer satisfaction. What Is Inventory Management?

article thumbnail

15 Improvements by the Deployment of The Internet of Things in the Supply Chain

GlobalTranz

The list of relevant applications of the Internet of Things (IoT) era technology across multiple industries and market segments continues to grow. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain. Predictive capabilities and modeling to reduce costs. equipment uptime.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Internet of Things and the Retail Industry

C3 Solutions

From a term that came into use in 2009, the Internet of Things (IoT) has come a long way in 10 years. It refers to the ecosystem of physical objects that are connected to the Internet and use it to communicate. The Internet of Things Explained. The Internet of Things Explained. IoT Evolution.

article thumbnail

The Internet of Things and Supply Chain Transformation

Enterra Insights

Recent reports indicate Internet of Things (IoT) technology adoption is slowing down due to security concerns. … Every supply chain business, from manufacturing to logistics, should be taking a close look at the Internet of Things now.”[4] As I noted in a previous article, caution is warranted.[1]

article thumbnail

Rethinking Your Digital Transformation Strategy

QAD

Today the Internet continues to grow in size and expand in functionality, and with the propensity of the Internet of Things (IoT), organizations now have the ability to improve their processes and drive real change on the enterprise level. Establishing a Digital Transformation Strategy. There are different approaches.

article thumbnail

Is A Customer-Centric Strategy the Same as Demand-Driven? Outside-In?

Supply Chain Shaman

The client leaned across the table and asked, “Is a customer-centric supply chain strategy the same as a demand-driven supply chain strategy?” Drawing from the Whiteboard: Building Customer-Centric Supply Chain Strategies. The focus is on channel data: price; inventory positions; and policies. Channel Sensing.

article thumbnail

6 Strategies for Better Supply Chain Management in the Current Economy

Oracle SCM

The years from 2007 through 2009 were notable for their economic volatility, reflected not only in the global economic recession but also the instability of customer demand and rapid movement in raw material, fuel, and commodity prices. They prioritized projects that reduced inventory and logistics expenses.