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Active warehouses are hubs of human activity. Pulling and loading inventory is an ongoing process in the highly dynamic distribution centers of today. To maximize floor space, which amounts to revenue potential for the facility, operators have reduced aisle space to a minimum in order to optimize storage space. But in a new era of social distancing requirements, these spaces where the most human interaction occurs must be re-evaluated.
The novel coronavirus has produced a lot of uncertainty, and for manufacturers in the pulp and paper industry, that includes uncertainty related to demand. Stores unsurprisingly sold out of the typical products like soaps, hand sanitizers, and spray cleansers, but disposable tissue paper – of all things – was even more difficult to come by, both in the U.S. and worldwide.
What is beginning inventory? Beginning inventory is the dollar value of all inventory held by a business at the start of an accounting period, and represents all the goods a business can put toward generating revenue. You can use the beginning inventory formula to better understand the value of your inventory at the start of a new accounting period.
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Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for
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On a cold Boston winter day, I slipped into my seat on a back row in a packed conference room at AMR Research. Heavily booked and running from meeting to meeting, I was late. As I squeezed into the middle seat of a crowded conference room, I got the stare. (You know, the look of peers communicating the signal, you are late.) I struggled to manage myself as I settled in elbow-to-elbow with the group to listen to the presentation.
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There are two sides to the supply chain transformation coin: the digital and the physical. While digital transformation has been getting the lion’s share of attention from analysts and technology companies, you cannot overlook the importance of physical transformation — that is, the importance of recognizing that your supply chain and distribution networks, which were.
Reverse logistics are a major hurdle to efficiency and profitability in modern supply chains. However, they are not something an organization can simply avoid. Failure to offer a fair, free returns process will cost customers. Period. As a result, supply chain executives need to find a way to handle the reverse logistics problem. And making.read More.
Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.
The global food and beverage supply chain has been stressed to the breaking point by the COVID-19 Pandemic. In most countries since early spring, there has been an unparalleled wave of stockpiling by panicked consumers leading to near empty retail shelves. Shelter-at-home and the mandatory closing of non-essential businesses has led to restaurant bankruptcies in record numbers, pouring milk down the drain and fields of rotting produce that were destined for food service businesses.
The COVID-19 pandemic has changed the nature of my job quite a bit. The pandemic hit just as we were heading into our busy conference season. So instead of traveling across the country attending conferences, networking with peers, and in most cases, enjoying a bit of sunshine either by the pool or on the beach, I was attending these events from the friendly confines of my home office.
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It is back to school shopping season again, but things sure have changed. With the future uncertain, coronavirus could push back-to-school shopping to record levels as families make contingency plans for remote learning. The National Retail Federation (NRF) and Prosper Insights & Analytics released their annual survey on back-to-school spending, and consumers tentatively plan to spend record amounts on laptops and computer accessories in anticipation that at least some classes will take plac
As a child, I remember sitting on my grandmother’s lap in the evenings to watch Walter Mercado. Sometimes I watched with my mother too, the two of us on our plastic-covered sofa waiting for Walter to give us our astrological prediction (I am a Leo, my mother is Aquarius). Who was Walter Mercado? It is. Read more Above the Fold: Supply Chain Logistics News (August 14, 2020).
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.
Covid-19 has left restaurants and food distribution companies scrambling to stay afloat. Many are straying away from their traditional business models to keep their companies from going under. The food distribution industry is already expecting to take a $110 billion loss for a year which is a third of their 2019 revenue. The industry lost somewhere […].
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Here are the key benefits of certifying the competence of users employing routing and scheduling technology—both for companies and for their employees. As modern technology continues to advance, the number of software programs that companies are using is also increasing. In the supply chain management space, myriad different platforms handle the many steps that it.
To adapt an old saying, the idea that great service should be a top supply chain priority is as universally accepted as motherhood and the dominance of the ‘92 Dream Team. In fact, it’s one of the few things people wouldn’t disagree on these days. Despite this, however, there is surprisingly little consensus on the definition of ‘service level’ among those who work in supply chain and the customers their businesses serve.
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.
Fashion isn't just all about dressing up and H&M's supply chain procedures are a testament to that. Globally recognised for being a successful and expansive retail giant in terms of market and financial prosperity, H&M's.
Forecasting is an “inexact science” that relies on the data available to you, the math you use, and how you implement the forecast. There are libraries full of algorithms that are relatively easy to implement in software, but the math is only as good as the data it’s applied to. And your forecasting success is fundamentally impacted by your understanding of that data, its strengths and limits.
Preview In his 2019 Foresight article, Niels van Hove examined eight technological hurdles that must be overcome to enable autonomous or ‘lights out’ supply-chain planning. He reasoned that to support such planning we need to implement a third wave of integrated supply-chain planning software. In this article, Niels argues that these technological advances can lead to either (a) planning-process and decision automation or (b) planning and decision augmentation.
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Over the last two years, there’s been a 76 percent increase in AI adoption across sales organizations. The reason for its rise? AI increases teams’ productivity by predicting and automating actions that require manual effort. In other words, the research that takes reps hours, AI can do in seconds. For sales teams, AI opens up a world of new possibilities, including automating outreach, identifying best-fit buyers, and keeping CRMs flush with fresh data.
This blog is a guest post from Paul Patin, Chief Technology Officer at Logistiview. He explains his personal journey from supply chain AI/ML skeptic to optimistic believer and how these technologies will radically transform supply chain planning and warehouse automation in the future. I confess that I was once an AI and ML skeptic. I love technology.
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