Wed.Sep 04, 2024

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The Hidden Costs of Poor Inventory Management: How Much Are You Really Losing?

ToolsGroup

In the fast-paced world of retail, every decision counts—especially those related to inventory management. Yet, many retailers underestimate the true cost of doing it poorly. From stockouts to overstocks, these issues can silently erode profits, damaging your bottom line in ways you might not even realize. So, how much are you really losing? The Financial Impact of Stockouts When a customer walks into your store or visits your website and can’t find the product they’re looking fo

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How Blockchain Technology Powers the Foundation of Digital Product Passports

Logistics Viewpoints

One promising application that is emerging in the Supply Chain and Sustainability space is Digital Product Passports (DPPs). Driven by regulations and a thirst for data transparency. Blockchain can serve as the backbone for tracking and managing product information throughout its entire lifecycle. The potential to provide reliable, tamper-resistant data across supply chains is driving interest from various sectors, including pharmaceuticals, electronics, and food production.

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Digital Supply Chain Transformation: Keys to Success

Arkieva

Discover strategies for successful digital supply chain transformation. Learn how to focus on people, processes, and technology to overcome common challenges. Digital Supply Chain Transformation: Keys to Success was first posted on September 4, 2024 at 8:49 am. ©2017 " Supply Chain Link Blog - Arkieva " Use of this feed is for personal non-commercial use only.

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Simplifying ERP Complexity for Better Supply Chain Control

Demand Driven Technologies

ERP systems are not renowned for their simplicity. With the overwhelming ERP system complexity, there is a lot of technical data and parameters to maintain. Planners are often lost or dependent on data maintained by other remote teams. They have no way of ensuring that the system’s recommendations are correct. Usually, they end up calculating.

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4 Ways To Drive Supply Chain Excellence in the Food Industry

The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.

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Harnessing AI for Supply Chain Resilience in Extreme Conditions

Supply Chain Brain

To ensure that their supply chains are resilient and capable of handling disruptions, organizations must take proactive measures supported by artificial intelligence.

More Trending

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Sourcing from the Americas Now the Focus of U.S. Importers, Survey Says

Supply Chain Brain

Nearly half of respondents (47%) believe the primary benefit to having a more diversified supply chain is reducing the risk of disruption from various events such as natural disasters.

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7 Steps To Accurately Determine TCO In ECommerce

IT Supply Chain

By John Hampton (pictured) Content Writer The post 7 Steps To Accurately Determine TCO In ECommerce appeared first on IT Supply Chain.

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When Resiliency Fails, Embrace Chaos

John Galt

Learn all about advanced scenario planning to build supply chain antifragility and transform uncertainty into opportunity and value.

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Global Manufacturing Levels Contract Again in August 2024

Supply Chain Matters

Supply Chain Matters provides readers with a further installment in our global supply chain assessment series, specifically in providing highlights on reported August 2024 global wide PMI activity levels. The August data further reinforces indications of a global manufacturing slowdown. Product demand levels remain essentially focused on domestic market needs.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Beyond Dependence: The Power of Supply Chain Diversification

Exiger Perspectives

Beyond Dependence: The Power of Supply Chain Diversification September 4, 2024 Article Table of Contents Introduction In today’s globalized market, supply chain diversification has emerged as a vital strategy for businesses. The concept of supply chain diversification involves reducing reliance on a single supply source and tapping into different market opportunities and technologies to enhance competitiveness.

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Another SAP SE Senior Executive Departure

Supply Chain Matters

Cloud based ERP and supply chain technology provider SAP SE has announced another Executive Board level executive departure. In an announcement released yesterday , Chief Technology Officer and Executive Board Member Dr.-Ing. Juergen Mueller will leave the company’s Executive Board , effective at the end of September. In the release the following statement was provided by Mueller: “ I want to address an incident at a past company event where my behavior was inappropriate.

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ILA Says Negotiating Parties are 'Very Far Apart' Ahead of Port Strike Deadline

Supply Chain Brain

The ILA is wrapping up a two-day "marathon" of meetings, where it's preparing its members for the possibility of an impending work stoppage.

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Last Mile Delivery Software: Explore Your ROI

Loginext

Learn how advanced Last Mile Delivery Software reduces costs, enhances productivity, and improves customer satisfaction. Explore the financial and operational ROI of implementing these cutting-edge solutions. The post Last Mile Delivery Software: Explore Your ROI appeared first on loginextsolutions.com.

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Freight Procurement Simplified: Bids from Hours to Minutes

Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski

Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea

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Amazon to Give U.K. Warehouse Workers 10% Raise

Supply Chain Brain

This comes more than a month after Amazon beat back an organized labor push from workers at the company's Coventry warehouse by a 28-ballot margin.

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How NVIDIA’s AI-Driven Order Management Propelled 239% Stock Growth

Supply Chain 24/7

2023 Case Study: NVIDIA’s AI-driven order management system, powered by Esker, reduced order processing time by 98% and played a crucial role in the company's 239% stock growth in 2023, showcasing the transformational impact of AI automation on business scalability and efficiency.

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Global Goods Trade Recovery Extends Into Third Quarter, WTO Says

Supply Chain Brain

The WTO’s goods barometer increased to 103 compared with a reading of 100.6 in March, the Geneva-based organization said in a new report.

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August PMI from ISM finds US Manufacturing was in Contraction for 21st out of Last 22 Months

Supply Chain Digest

Most Other Measures also Negative

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How to Master Product Portfolio Management

Pursuing product portfolio management excellence empowers organizations to unlock the full potential of their offerings. This comprehensive guide unveils 10 essential keys that serve as the building blocks for success.

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EU Responders Say it's Unsafe to Tow Burning Oil Tanker in Red Sea

Supply Chain Brain

Oil has yet to leak out of the vessel, but U.S. military leaders estimate that the Sounion could spill four times as much oil as the Exxon Valdez.

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Is “Price Gouging” by Grocery Stores and Food Producers Really Going On?

NC State SCRC

It’s election season, and the accusations are flying! The price consumers are paying for food is one of the most controversial issues during this election season. Both sides are making different claims. The Trump campaign claims that inflation has never been higher during the Biden/Harris Administration, and that the federal government is to blame for it.

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