Remove 2024 Remove Inventory Remove Modeling Remove Sourcing
article thumbnail

2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

However, it’s only early February 2024, and we already have several major disruptions impacting supply chains. As Alan Amling at the University of Tennessee put it, “2024 is riddled with uncertainty.” This is an important time for the supply chain profession. For more information on the research, click here.

article thumbnail

Key Insights from NRF 2024: Navigating the Future of Retail

ToolsGroup

The curtains have closed on the National Retail Federation (NRF) 2024 Retail’s Big Show, and this year’s event has been extraordinary, with a record-breaking attendance of nearly 40,000 participants from around the globe. AI’s influence continues to grow, and consumers are now demanding sustainable actions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Supply Chain Resilience. Really?

Supply Chain Shaman

Today, I speak at the North American Manufacturing Association, Manufacturing Leadership Conference, in Nashville on the use of data to improve supply chain resilience. Background The Council of Supply Chain Resilience met for the first time this month. What is supply chain resilience? Think this is possible? The reason?

article thumbnail

Essential Guide for Demand Forecasting in 2024

ThroughPut

Demand forecasting is a critical component of supply chain management, especially in the complex and unpredictable market landscape of 2024. Accurate forecasts are essential for maintaining inventory balance, ensuring customer satisfaction, and achieving financial stability. What is Demand Forecasting?

article thumbnail

Robotic Process Automation in Supply Chain

Logistics Viewpoints

Robotic Process Automation (RPA) refers to process automation that combines process steps with decision models or business rules with little to no human oversight. It is typically applied to high-volume transactional processes with limited variation and clearly outlined business rules or decision models.

article thumbnail

The Notions and Implications of Elastic Supply Chain Strategies

Supply Chain Matters

In this Supply Chain Matters commentary, Editor Bob Ferrari cites a recent Gartner report addressing the notions of elastic supply chain strategies. Background Many of our loyal Supply Chain Matters readers might know that this Editor rarely cites Gartner’s supply chain research reports. That extends to today.

article thumbnail

How Can You Protect Your Organization from Demand Constraints? 

Logility

Key Takeaways: • Supply chain volatility is expected to continue and plague some sectors until 2024. Demand constraints create financial risks as well as environmental problems. • 25% of inventory surpluses are caused by a lack of transparency and visibility into the supply chain. Supply and demand.