Thu.May 09, 2024

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The Problem with Retail Promotions: Diminishing Returns of Discounting in a Promo-Saturated Market

ToolsGroup

Imagine strolling into your favorite store, only to find yourself in a sea of “SALE!” signs and “50% OFF!” banners. It’s a common scenario. Retailers rely heavily on promotions, which can account for between 10% and 45% of their total revenues, according to research from Boston Consulting Group. In today’s dynamic retail landscape, promotions are undeniably a potent tool for driving sales and customer engagement.

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Probabilistic Planning Helps Master Supply Chain’s Unknowns

Logistics Viewpoints

In our everyday lives, we often navigate uncertainty using a probabilistic approach without even realizing it. Take weather-dependent activities, for instance. When planning your weekend, you might check a 5-day weather forecast, which provides probabilities of rain, sunshine, or cloudy skies. Armed with this information, you make decisions like whether to have a picnic, garden or stay indoors.

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What’s in the Food Supply Chain Matters as much as How Well It Is Functioning

Enterra Insights

According to science writer Max G. Levy , “Right now, 325 million people are acutely hungry. 35 million Americans don’t know where their next meal will come from. The world’s food systems are uneven, fragile, and only becoming more fragile with the climate crisis.”[1] Levy isn’t alone in his concerns. With more mouths to feed each and every day, global food security remains a serious challenge.

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The Evolution of Smart Tracking in Combating Supply Chain Theft

Supply Chain Brain

Theft in the supply chain is a massive, costly problem that is only getting worse.

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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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Tecsys Positioned as a Challenger in the 2024 Gartner® Magic Quadrant™ for Warehouse Management Systems Report

Tecsys

Discover how Tecsys has been recognized as a Challenger in the 2024 Gartner Magic Quadrant for Warehouse Management Systems, showcasing its innovative solutions for supply chain management.

Gartner 105

More Trending

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Korea Pledges $7B Aid Package for EV Battery Supply Chain

Supply Chain Brain

Korean authorities will also continue to seek to secure key battery materials so domestic manufacturers can maintain their competitiveness in the U.S.

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5 Key Takeaways from the Gartner Supply Chain Symposium/Xpo™ 2024

Resilinc

From antifragile supply chains to predictive AI and the need for more multi-value supply chains—the annual Gartner Supply Chain Symposium/Xpo conference left attendees and key C-Suite decision makers discussing trends and technology innovations contributing to the modernization of global supply chains. Held May 5-8 at the Walt Disney World® Swan Resort near Orlando, the event brought together over 4,000 attendees who networked, knowledge shared, and gained exclusive Gartner insights and the late

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A.P. Moller-Maersk Launches Air Freight Gateway in Miami to Serve U.S., Asia, Latin America

Supply Chain Brain

Maersk says the new gateway will support the North American export market to Latin America and the Asian market that serves the Latin American supply chain via cost-competitive U.S. routes.

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Legal and Regulatory Considerations in Global Business Translation

IT Supply Chain

By Rob Jackson (pictured) Content Writer The post Legal and Regulatory Considerations in Global Business Translation appeared first on IT Supply Chain.

Global 59
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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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Podcast | Creating a Clean and Ethical EV Battery Supply Chain

Supply Chain Brain

North America needs a domestic supply chain for electric vehicle batteries — but it has to be sustainable and ethical.

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The Key Benefits of Pursuing a Career in Cybersecurity

IT Supply Chain

By Richard Pearson (pictured) Content Writer The post The Key Benefits of Pursuing a Career in Cybersecurity appeared first on IT Supply Chain.

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Supply Chain Resilience: The Essentials And The Non-Negotiables

ThroughPut

Supply chains across industries are now more vulnerable to failures than ever before. This isn’t the end of the problem, though! Mounting supplier and consumer demands, rapidly climbing prices, and unexpected bottlenecks are causing reduced capacities and network changes. Natural disasters and sudden political changes worldwide add to these challenges.

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How to Measure & Improve Manufacturing Efficiency

Unleashed

Measuring and improving manufacturing efficiency is a great way to trim down production costs. However, it can also assist with increasing workplace productivity and overall product quality. Put simply: the more efficiently you manufacture goods, the more profitable your business becomes. With the right systems in place – and continuous monitoring – you can improve manufacturing efficiency across all your key workflows.

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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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Top 5 Demand Planning Software Features

ThroughPut

Demand planning software is here to stay. Every major supply chain company has demand planners’ toolkits containing it. However, with numerous features and tools available, supply chain planners and managers often wonder which functionalities are truly essential for their operations. This uncertainty can lead to significant challenges, as the wrong choice may not only hinder the ability to generate accurate demand forecasts but also complicate data integration and employee training process

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Another Blowout Quarterly Financial Performance for Amazon

Supply Chain Matters

Supply Chain Matters provides highlights and added perspectives of Amazon’s recently reported Q1-2024 financial performance. Q1-2024 Quarterly Financial Performance Once again, Amazon exceeded Wall Street and investor expectations in delivering stellar financial performance for the recent Q1 reporting period. Headlines included: Net Sales increased 13 percent to $143.3 billion, noted as an all-time high for the Q1 period.

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Supply Chain by the Numbers for May 9, 2024

Supply Chain Digest

Amazon Rolling Out Electric Big Rigs. Shoplifting Bust in NYC. Penn State Gets Rare Earth Grant.

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U.S. Container Import Volumes Rise in Rebound After China's Lunar New Year

Supply Chain Brain

Descartes estimates that China was responsible for roughly 34% of U.S. container imports in April, primarily driven by "consumer-oriented" goods.

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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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Trip Report on Gartner Supply Chain Symposium 2024

Supply Chain Digest

New Construct involves Getting to Supply Chain Drive

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Watch: How Will We Bridge the Manufacturing Labor Gap?

Supply Chain Brain

Lisa Walker, managing director and global industrial practice leader at DHR Global, describes the plight of manufacturers who are facing a shortage of workers in the years ahead, and offers some solutions to the problem.

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Why You Need a Dedicated Inventory Optimization and Forecasting Software

Valogix

Discover the benefits of using a dedicated inventory optimization and forecasting software to streamline your business operations, minimize stockouts, and maximize profits.

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America's Manufacturing Renaissance: The Key to Restoring Powerhouse Status

Supply Chain Brain

The U.S. has the potential to reclaim its throne as one of the world's manufacturing powerhouses — but not in the ways other countries have achieved this mission.

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The Ultimate Guide to Transportation and Load Building Optimization

Enhance your transportation and load building efficiency with our comprehensive guide. Learn to tackle today's supply chain challenges and optimize your approach with advanced planning strategies. This guide covers: Supply Chain Challenges: Discover how transportation planning can address critical issues and improve efficiency. Load Building Benefits: Understand how effective load building can enhance your transportation processes.

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Top 10: Procurement Start-Ups

HICX Solutions

HICX Founded: 2004 Location: San Francisco, US CEO: Costas Xyloyiannis HICX specialises in helping organisations optimise their supplier management processes, ensuring compliance, efficiency, and transparency throughout the supplier lifecycle. HICX’s software platform offers features such as supplier onboarding, risk management, performance tracking, and supplier relationship management.

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FBI Turns to 1838 Steamboat Law in Baltimore Bridge Disaster Investigation

Supply Chain Brain

The Seaman’s Manslaughter Statute creates criminal liability for the negligence of mariners and vessel owners or operators that results in the loss of life on the waters of United States

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Adoption of Electric Freight Trucks Stalling in Face of High Costs

Supply Chain Digest

Ryder Study Finds Big Cost Advantage for Traditional Diesel

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Investors Vote Down Plan to Unseat Norfolk Southern CEO

Supply Chain Brain

Ancora had sought to switch Norfolk Southern to a leaner operating model that would have cut back on the number of workers, locomotives, and railcars at the railroad.

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11 KPIs for Measuring Innovation Success

Measuring innovation success is critical yet challenging for organizations, often leading to confusion over which KPIs to use. Many rely on inappropriate metrics borrowed from other departments, wasting resources and overlooking valuable opportunities. This guide outlines why innovation metrics are hard to track and offers a framework for creating effective KPIs.

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Diffusing Healthcare Innovations

QAD

The healthcare industry is renowned for innovation. Medical device firms and pharmaceutical firms spend billions of dollars on research and development. They are constantly faced with new health challenges and expiring patents, so I think it is safe to say they are learning organizations. The byproduct of billion-dollar R&D budgets, is life-saving medical treatments for the rich or well-insured.

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Whistleblower Claims Boeing Supplier Delivered Defective 737 Max Fuselages for Years

Supply Chain Brain

Paredes further alleged that it was "just a matter of time before something bad happened," referencing a blown-out door plug aboard a 737 Max 9 in January.