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Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?
Last week I attended FourKites Visibility 2023 in Chicago, IL. CEO Matt Elenjickal kicked off Visibility 2023 with his keynote. As I mentioned above, the theme for FourKites Visibility 2023 was “Connected”. The conference did not disappoint. As a result, FourKites has moved from a single product company to a platform company.
So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2023 and see what our readers found to be the most interesting. So, let’s take a look now at the 15 most popular logistics stories of 2023. Best Logistics and Supply Chain Conferences to Attend in 2023 ; Clint Reiser Welcome 2023!
Today, we published The Supply Chains to Admire for 2023. Supply Chains to Admire Winners 2023 Examine Your Own Paradigm. An average margin of 21% with inventory turns of 1.58 I used to think that supply chain performance could be defined by the trade-offs between customer service, cost and inventory strategies.
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
What should your plans for 2023 include? In this webinar, you’ll gain actionable insights from Olivia Montgomery as she walks us through Capterra’s extensive research on how businesses - notably SMBs - are addressing supply chain challenges in 2023. Forecasting techniques to manage inventory. So what’s working now?
A crowd of nearly 37,000 people flocked to the Javits Center in New York City to see what new solutions and innovations software suppliers had in store for 2023 and beyond. Blue Yonder At NRF 2023, Blue Yonder showcased a number of solutions around omni-channel order management and e-commerce integration.
Gartner Supply Chain Symposium/Xpo 2023 has wrapped up its 3-day event in Orlando, Florida. Here are the top takeaways we compiled from Gartner Symposium 2023. More companies are looking to develop and adopt inventory strategies that guarantee high service levels while reducing the overall strain of inventory on working capital.
In February 2023 I wrote the article What Does 2023 Have In-Store for Global Supply Chains? I believe our findings capture the pulse of North America logistics operations and the executives’ perceptions and priorities going into the second half of 2023. And they must be capable of adapting to various demands.
As such, ToolsGroup is happy to announce our second release of 2023 for our Service Optimizer 99+ Supply Chain Planning solution. The system can automatically adjust inventory and replenishment based on supply conditions, mitigating the risks caused by supply and demand uncertainty. Learn more →
Earlier this month in the post titled What Does 2023 Have In-Store for Global Supply Chains? , are expected to exert a negative impact in 2023. In fact, many respondents plan to engage in numerous tactics to support resilience in 2023. Here are some preliminary survey results thus far. More to come!
As we turn the page on 2022 , I’d like to make five supply chain predictions about what to expect for 2023. All these factors together place the second half of 2023 in a more positive light. However, it is worthwhile for leaders to keep tabs on how these technologies evolve through the rest of 2023. He received his Ph.D.
Read more The post Above the Fold: Supply Chain Logistics News (June 30, 2023) appeared first on Talking Logistics with Adrian Gonzalez. So, without further delay, here’s the supply chain and logistics news that caught my attention this week: If you’re still reading this, thank you.
are expected to exert a negative impact in 2023; expectations about inbound and outbound logistics performance in 2023; and the likelihood of practitioners engaging in certain broad supply chain resilience tactics (supplier contact modifications, relocating inventory, supplier diversification, etc.)
Speaker: Lisa Anderson, MBA, CSCP, CLTD - President of LMA Consulting Group, S&OP Expert, and Speaker
In this session we will cover: How geopolitical tensions are heating up and how they will reshape the configurations of future supply chains Regulations are also heating up, requiring more innovation and resilience The conundrums and conflicts of interest in achieving sustainability goals, looking at the big picture, and evaluating the geopolitical (..)
Gartner Supply Chain Symposium/Xpo EU 2023 has wrapped up its 3-day event in Barcelona, Spain. Here are the top takeaways we compiled from Gartner Symposium EU 2023. Smarter forecasts result in better inventory management (and in turn, happier customers and wider profit margins). Looking for a snapshot of the key highlights?
Körber Supply Chain Software (Körber SCS) hosted its 2023 Elevate User Conference in Orlando this week. Körber’s UCS is expected to move into general availability in Q2 2023. This annual and agile business model makes it extremely important that the company has visibility of its inventory across locations.
We have archived corporate reporting from Y charts for 1982-2023. Year-over-Year Performance of Lenovo Compared to the B2B Technologist Peer Group The first part of the story is Lenovo drove considerable improvement in margin in a tough period of 2020-2023, but the company is underperforming the market on margin. but declining.
More Resources Home October 25, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 25, 2023 Unbox your Freight knowledge.
Speaker: Robert Olszak- Vice President, Global Supply Chain Optimization, RGP
To better prepare for the next generation of supply chain management, organizations are adopting industry-leading inventory and network optimization tools to establish sophisticated and mature supply chain digital ecosystems.
the supply chain realm, Oracle added some healthcare functionality that allows for using a mobile device to better track inventory statuses. In hospitals inventory tends to be stored in all sorts of nooks and crannies across the facility. The post Key Takeaways from Oracle CloudWorld 2023 appeared first on Logistics Viewpoints.
trillion distortion inventory problem. Trillion Inventory Distortion Problem In this podcast, Karl Swensen, CEO and Co-founder of Pull Logic, discusses how their AI-enabled technology helps retailers, brands, and manufacturers reduce lost sales by addressing supply chain and selling process failure points. Summary: Solving the $1.8
To enhance flow through capabilities, Active Yard Management can leverage the WM API to preallocate in-transit inventory to orders as soon as the trailer checks into the yard. Additionally, users can pull trailers from the yard just-in-time to utilize the trailer inventory for outbound shipments.
Here are some highlights from these trends in 2023 and implications on supply chain planning. As we’ve seen over the past few years, businesses will keep automating and integrating supply chain planning capabilities, including demand-sensing, dynamic safety-stock management, inventory optimization, and external collaboration.
CPG companies that utilize an autonomous supply chain technology see a reduction in their inventory and cost and an increase in revenue. The post Top Supply Chain Challenges for CPG companies in 2023 appeared first on Logistics Viewpoints. each with discrete plans generated typically in sequential batch runs.
More Resources Home October 11, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Judah Levine October 11, 2023 Unbox your Freight knowledge.
For retailers trying to align inventory with demand this 2023 holiday season, it’ll be like catching falling apples from an uprooted tree in full flight. Despite all the complexity in predicting the season, there are clear clues for how to tactically leverage inventory placement. It needn’t be too much of a juggling act.
DOWNLOAD NOW RETURN TO THE ARCHIVE Featured articles from this issue: h6 The Approach to Effective Freight Procurement LogiSYM Supply Chain Magazine – October 2023 The Evolution of Asset Management: Humans, Inventory and the Rise of AI The Green Corridor: The Circular Journey Managing Inventory amid Regime Change
When we compare the companies listed on the Gartner Top 25 to peer group results for the period of 2013-2023, we find that 59% of the listed companies score below their peer group on year-over-year growth, 41% below their peer group on inventory turns, and 41% fall below their peer group on Return on Invested Capital (ROIC).
The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis & ranking of the leading Global Supply Chain Inventory Optimization (IO) vendors. In the complex world of supply and demand, inventory optimization ensures a perfect balance between having too much and not enough stock.
The following data is from a survey we conducted last month (May, 2023) across hundreds of small business importers who tap Freightos.com’s global freight marketplace. Businesses quickly began to notice a different beast: a significant decrease in consumer demand compounded by looming inventory excesses. The key takeaway?
EuroShop 2023 has closed a successful five days of exhibitions and networking in Düsseldorf, Germany. By leveraging a suite of AI-driven planning capabilities, Kathmandu reduced in-store stock by an average of 10%, improved pre-clearance inventory sell-through, and increased cash flow. Discover the secret to KIKO’s success here → 3.
BOSTON – August 3, 2023 – ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been named among ten Notable Vendors included in Gartner’s Midmarket Context: Magic Quadrant for Supply Chain Planning Solutions (July 2023).
Looking Back to 2023 Performance in 2023 was not as positive as we might have hoped, and it was a harder year than many had anticipated. A majority of organizations (62 percent) missed their 2023 business goals, and four in five organizations reported falling short of their competitors’ or peers’ performance (Figure 1).
My last post was December 7th, 2023. January 2023 started my journey fighting the healthcare system to understand my symptoms which lead to surgery in June. Orbit charts of four companies for the period of 2013-2022 at the intersection of operating margin and inventory turns. Today is a writing day. ” Figure 2.
The pace appears to have picked up since spring 2023 with investments in Veo Robotics, computer vision company Flymingo, industrial wireless automation startup CoreTigo, Rightbot and Instock. Cargo theft incidents were up more than 57 percent in 2023 compared with the year prior, according to CargoNet, a Verisk company.
Fabrizio Fantini, Founder and CEO of Evo commented, “Together with ToolsGroup, we can shape the vision for the supply chain of the future – one that powers smarter supply chain decisions for human managers through optimal price and inventory calculations.
Retail journalist Ben Unglesbee writes, “Hey retailers, it might be time to ditch your stores, move your inventory to the metaverse, replace your staff with robots, switch from cash to crypto and invest all your profits in some blockchains.”[2] 2023 Retail Trends. Omnichannel Operations. It is forecasted to reach $30.73
Based on numerous conversations with professionals across the industry, here are our top five takeaways from Retail Technology Show 2023. What’s more, the roles of warehouses and stores are becoming less distinct, with some retailers using stores themselves to store inventory. Looking for eco-friendly ways to handle excess inventory?
This blog discusses different scenarios that led to the optimization models producing and storing excess inventory. Understand the Factors Behind Inventory Accumulation by Optimization Models with No Demand was first posted on August 16, 2023 at 7:47 am.
And the answer lies in how their 2023 went too. Navigating 2023’s Challenges and Looking Ahead While 2023 saw a general decrease in demand, with 60% witnessing a downturn, most attributed this to high inflation and a shift in consumer preferences.
As I wrote in a previous article, “Most of us understand that barcodes contain information that help retailers track inventory; however, few of us know much more about them.”[1] The new ‘2D’ barcodes will unlock reams of online extras (for consumers) and revolutionize inventory management (for retailers).
After four days of retail insights focused on the trends, business models, and technologies that are shaping the future of retail, ShopTalk 2023 has closed a successful and illuminating conference. This way, they can prepare inventory to fulfill demand most effectively for that channel before they are hit with spikes in demand.
In our work with Georgia Tech using data from 1982-2023, we find that the R² of the Regression analysis of Cost-of-Goods Sold/Inventory Turns when compared to correlations of Operating Margin/Inventory turns to Market Capitalization/employee is 40-65% lower. For additional insights check out our presentation at Informs.
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