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Top 6 Retail Trends & Supply Chain Planning Challenges in 2023

Logistics Viewpoints

That’s why staying on top of the latest supply chain planning trends is so important – they can make all the difference when it comes to staying competitive, reducing costs, and meeting your customers’ needs. Here are some highlights from these trends in 2023 and implications on supply chain planning.

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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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Role-Based Training for Procurement & Supply Chain Teams

Procurement Academy

A generic approach to training is not the solution to the increasing range of challenges facing procurement teams. This leads to professional growth and supply chain efficiency – just two benefits of role-based training , of which there are many more.

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The Ecommerce Fulfillment Blind Spot with Kyle Bertin

The Logistics of Logistics

Since launching in 2022, the company has partnered with dozens of 3PLs, empowering them to process tens of millions worth of returned inventory for leading brands across the US and Canada. Improves return efficiency: Their technology helps businesses process returns faster and get more inventory back into stock.

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Revolutionizing Supply Chain Planning: The Power of Generative AI

Logility

It is trained on a large dataset of existing content, and it learns to generate new content that is similar to the content it was trained on. This leads to optimized inventory levels, reduced stockouts, and enhanced customer satisfaction. Generative AI is a Large Language Model (LLM), a type of AI that can create new content.

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Demand Forecasting Software: Demystifying AI

Logility

Demand forecasting plays a crucial role in business success, as it helps predict customer demand and plan inventory effectively. Smart Data Analysis: AI algorithms excel at handling large amounts of data , such as sales history, market trends, and customer behavior. However, traditional forecasting methods often fall short in accuracy.

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Retail Inventory Management Tips to Get The Most Out of Your Warehouse

GlobalTranz

The wrong retail inventory management strategy increases carrying costs and makes it impossible to stay competitive. The Problem: Omnichannel Retail Carries an Extreme Level of Interdependence Between Systems and Processes As explained by Entrepreneurer.com , the fastest-moving products account for only 20% of inventory.