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Restaurants are giving away toilet paper with to-go orders — even the coveted two-ply. Handsanitizer has become a black market item. Empty shelves are a familiar sight and it’s tempting to go to the grocery store as a way to gauge if we’re recovering from the severe demand and supply shock caused by COVID-19. This is our new normal. As much as we consumers have felt the pain of “out of stock”, our hospitals and first responders (like nurses, as highlighted by Linkedin) , have felt it even more i
The rug has been pulled out from beneath us. Doing things the same way we’ve always done them will no longer serve us, so we can’t simply put it back in its place. In fact, the definition of pulling the rug out from underneath someone is that doing so causes their plans to fail, because they have little recourse or time to respond adequately. It’s a fitting metaphor for the world’s supply chains, which have […].
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What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.
What is Inventory Optimization? Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. It includes the practice of having the right levels of inventory to meet your target service levels while keeping a minimum amount of capital locked for inventory.
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When I was six, my mother volunteered me for a new polio vaccine trial. It was risky, but my determined mother took a chance. She believed in science and patted my shoulder reassuringly as I rolled up my sleeve. During my toddler years, polio fear gripped the nation. Mothers, anxious that children would catch the disease swimming, kept families secluded indoors in the sweltering heat in the days before air conditioning.
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UPS has dubbed January 2 as National Returns Day, where the company ships close to 2 million unwanted items back to retailers. While retailers plan for the holiday buying surge for months, they take equal care in preparing for the influx of returns when the holiday season ends. But as we know, 2020 is a different beast, as the coronavirus pandemic has caused a lot of shifts and pivots in the global economy.
A review of the key elements in supplier management for manufacturers and how Source-to-Pay procurement technology can support the journey towards supply chain resilience and agility in times of crisis. As the COVID-19 pandemic disrupts global supply chains, procurement organizations around the world are scrambling to react. There are many supply chain management lessons to learn from the Covid-19 crisis.
Many years from now, when we look back on 2020, what will we say about it? As we begin the sixth month of this year, may the days and weeks ahead, through hard work and the courage to change and innovate, lead us to a better future. —- In this week’s supply chain and logistics. Read more Above the Fold: Supply Chain Logistics News (June 5, 2020).
In today’s world, it isn’t really all that hard to imagine how technology is going to continue to change our lives. What’s probably harder is imagining going back to a time before technology and trying to imagine yourself adjusting to that lifestyle. For many of us, not only is it hard to imagine, but it.read More. The post The Growing Role of AI in Supply Chain Management appeared first on Transportation Management Company | Cerasis.
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Note: Today’s post is part of our “Editor’s Choice” series where we highlight recent posts published by our sponsors that provide supply chain insights and advice. This week, Logitsyx Technologies asks if retailers are ready for peak season. Peak season is always stressful for the retail industry, but the COVID-19 pandemic could create more issues than usual.
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This article was co-written by Cathy Fisher , founder and president at Quistem , a global expert in quality management systems. COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas.
Tariffs will have a major impact on your supply chain, margins, and operations. Drawing on our work with global companies across manufacturing, automotive, pharmaceuticals, semiconductors, software, technology, financial services, and a range of service industries, we outline the key strategic and tactical actions companies are taking to navigate this period of heightened uncertainty.
The post June 22, 2020 / 11:00 AM EST<br>Achieving Resilience in the Manufacturing Supply Chain – Research & Learnings from Leading Manufacturers appeared first on Ivalua.
This article was co-written by Cathy Fisher , founder and president at Quistem , a global expert in quality management systems. COVID-19 has disrupted manufacturing operations worldwide. The automotive industry was shut down and many other manufacturing sectors have been severely impacted. The food and beverage industry is no exception as manufacturers have been impacted in a number of areas.
The fashion industry is well known for being a tough business. With big companies like Forever 21 having solvency problems, it becomes apparent that any weakness in supply chain or demand forecasting can seriously hurt a fashion company. So what can be done about the fashion supply chain, and how can it be managed better? Here’s an overview of the issues, and how they can be helped.
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