SCMDOJO

SEPTEMBER 19, 2024

In supply chain management, the bullwhip effect occurs when slow-moving consumer demand at the retail level produces significant fluctuations in production at the manufacturer and supplier levels. Hence, it’s also referred to as demand amplification. Solutions for the Bullwhip Effect Implement a just-in-time (JIT) approach.

Supply chain management 52

Supply chain management Supply chain management Agile and Lean Supply Chain supply chain software solutions 52

Procurement Tactics

JUNE 6, 2023

Bonus PDF: 51 ChatGPT Prompts to 10X Your Productivity in Procurement Download 51 Prompts →  Or receive our famous weekly newsletter Inventory Forecasting — Everything You Should Know Inventory forecasting allows you to predict when supply chains and consumer demand are going to change. However, what is it?

Inventory 170

Inventory Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 170

Finale Inventory

JULY 1, 2024

The F&B supply chain encompasses the entire process of bringing food and beverages from raw material acquisition to production, distribution, and ultimately, reaching the hands of consumers. It is a complex network of interconnected components that work together to ensure the availability, quality, and timely delivery of food products.

Supply Chain Efficiency 40

Supply Chain Efficiency Supply Chain Optimization Inventory supply chain software solutions 40

Finale Inventory

FEBRUARY 27, 2024

Scanning a label takes a fraction of the time needed to jot down even the briefest of details – and items are immediately visible in your online system with full product details available. Cycle counting is the practice of counting a rotating subset of your inventory on a regular, frequent basis. Adopt continuous cycle counts.

Inventory 52

Inventory Management Real-time Visibility e2e 52

Finale Inventory

JULY 24, 2024

Understanding the Concept of Excess Inventory Excess inventory refers to goods that are sitting idle in your warehouse and are not selling as quickly as anticipated. This can happen due to various reasons such as shifts in consumer demand, inaccurate demand forecasting, or overstocking.

Inventory 52

Inventory Quantity Real-time Visibility Demand 52

Planergy

SEPTEMBER 5, 2023

How to gain visibility and control of your indirect spend. Using financial tools can help save time and resources while improving accuracy in the budgeting process. Modern Software Reduces Budgeting Time & Effort Many businesses still rely on outdated, manual budgeting methods, such as spreadsheets or pen and paper.

supply chain budgeting 92

supply chain budgeting Budget Real-time Visibility Spend management 92

IBM Supply Chain Blog

FEBRUARY 13, 2024

The following are examples of strategic sourcing use cases: Transparency and traceability From fast fashion to fluorite, consumers and stakeholders are keyed into product provenance—expecting brands to uphold ethical, responsible sourcing practices. And from that group, 71% would pay a premium for it.

Strategic sourcing 78

Strategic sourcing Strategic sourcing Supply Chain Efficiency Supply Chain Optimization 78

Finale Inventory

JULY 30, 2024

Examining Inventory: A Key Business Component Inventory is crucial for business operations, especially in e-commerce, where timely delivery and customer satisfaction are vital. Analyzing these factors helps businesses optimize inventory levels, reduce holding costs, and meet customer needs.

Inventory 52

Inventory Raw materials Real-time Visibility Order Fulfillment 52

Supply Chain Collaborator

APRIL 24, 2018

Projected to grow to $100 by 2024 or 13% of total grocery sales, online grocery is being cemented as a business model thanks to the success of huge companies like Amazon, Walmart and others rushing to meet consumer demand for this type of service. Commercial realtor CB Richard Ellis noted that the US currently has around 3.6

Real-time Visibility 60

Real-time Visibility Consumer demands Demand Supply chain 60

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Moreover, it facilitates proactive risk management and swift response to changes in demand or supply.

Agile and Lean Supply Chain 98

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 98

SCMDOJO

MAY 2, 2024

Organizations face an array of challenges, including material and labor shortages, inflation, fluctuating consumer demand, disruptions in the supply chain, and volatile global trade relationships. Moreover, it facilitates proactive risk management and swift response to changes in demand or supply.

Agile and Lean Supply Chain 93

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Supply Chain Optimization 93

Finale Inventory

JULY 23, 2024

It involves overseeing the flow and storage of goods, ensuring that you have the right products available at the right time. By effectively managing your inventory, you can minimize costs, optimize storage space, and provide exceptional customer service. When it comes to inventory management, organization is the key to success.

Inventory 52

Inventory Real-time Visibility Supply Chain Optimization Supply Chain Efficiency 52

IBM Supply Chain Blog

FEBRUARY 14, 2024

Customer-facing AI use cases Deliver superior customer service Customers can now be assisted in real time with conversational AI. The IBM team is even using generative AI to create synthetic data to build more robust and trustworthy AI models and to stand in for real-world data protected by privacy and copyright laws.

Real-time Visibility 82

Real-time Visibility Data Supply Chain Efficiency Supply Chain Optimization 82

Finale Inventory

JULY 9, 2024

Key Features of Finale Inventory for Obsolete Stock Management Finale Inventory offers a range of features specifically designed to help ecommerce businesses manage their obsolete stock. This eliminates the risk of overselling obsolete items and provides businesses with real-time visibility into their stock.

Inventory 52

Inventory Strategy Management Real-time Visibility 52

Finale Inventory

JULY 17, 2024

By investing time and resources into merchandise planning, ecommerce businesses can set themselves up for success in a highly competitive market. By conducting thorough market research and competitor analysis, businesses gain insight into emerging trends, consumer demands, and successful product categories.

supply chain software solutions 52

supply chain software solutions Inventory Supply Chain Optimization Demand 52

The Network Effect

MAY 29, 2015

Here’s more info below: Companies are struggling with demand variability and how to meet consumer demand with the right supply at the right location at the right time. Based on the real data from the case study, you will learn: What is demand sensing and how does it reduce demand variability?

Demand 46

Demand Consumer demands Real-time Visibility supply chain software solutions 46

Pipefy

JULY 31, 2023

Business process automation streamlines many time-consuming, labor-intensive, and repetitive tasks typically handled by internal departments like HR, IT, and finance. With less time spent on manual, repetitive tasks, employees can focus on strategic work that adds value to the organization. What is back-office automation?

supply chain software solutions 52

supply chain software solutions e2e Agile and Lean Supply Chain Real-time Visibility 52

The Network Effect

JULY 2, 2014

UMass, at the time, was almost unbeatable and hadn’t lost a game at The Cage for almost 2 years. The only person who learned the real lessons from that game was a skinny guard on the UMass team named Rick Pitino. You know that the retail supply chain should only have one forecast – consumer demand. Two forecasts?

Demand 75

Demand Retail Supply Chain Real-time Visibility Collaboration 75

SCMDOJO

MARCH 25, 2022

Although logistics represents a whole system of space/time interdependencies, we believe that the discussion of its history and its chronological evolution still requires extensive studies to explore its origin and its advance in time, from a new point of view. This was reflected in the two major organizations of the time.

Supply Chain Efficiency 138

Supply Chain Efficiency Agile and Lean Supply Chain Supply Chain Optimization Logistics 138

The Network Effect

JANUARY 12, 2015

Having spent a lot of my time in 2014 in the board rooms and corner offices of companies around the world, I can say without a doubt that this is no longer the case. This means the whole chain, from the retailer to the raw material suppliers, are all working together to give the end-consumer what he or she wants.

Supply chain 57

Supply chain Supply Consumer demands Real-time Visibility 57

Supply Chain Game Changer

AUGUST 6, 2020

Now-a-days businesses need to be dynamic in ratifying the ever-changing trends of consumer demand and shift to a more connected supply network, via digitally interconnected devices and complex platforms to keep pace with digital transformations. It can be structured or unstructured data, in the format of text, picture, audio or video.

Supply Chain Optimization 78

Supply Chain Optimization Supply Chain Efficiency supply chain budgeting supply chain software solutions 78

Supply Chain Opz

JANUARY 22, 2016

Thus, increased real-time visibility into shipments leads to more efficient throughput of goods and reduced logistics lead times. That would shorten hauling times, automate routes and scheduling, and make deliveries much more predictable. Connected devices can also support the warehouse worker (i.e.

Supply Chain Efficiency 49

Supply Chain Efficiency supply chain software solutions Supply Chain Optimization Supply chain 49

World of Procurement podcast

JUNE 15, 2021

We covered a lot of ground in this 25-minute podcast and this podcast is going to be exceptionally beneficial to you if you are currently looking at your supply chain and wondering how can we improve visibility, how can we reach our sustainability goals using our supply chains and how do we know what is in this product?

Sustainability 52

Sustainability Real-time Visibility Supply Chain Efficiency Procurement 52

Supply Chain Game Changer

NOVEMBER 7, 2018

Unlike the lean supply chain, the agile supply chain uses real-time data and updated information, as reported by Martin Christopher in Industrial Marketing Magazine , to leverage current operations and real-time data against demand forecast, which helps to improve the overall efficiency and productivity of the given entity.

Agile and Lean Supply Chain 54

Agile and Lean Supply Chain Supply Chain Efficiency Supply chain Real-time Visibility 54