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Amazon and the Shift to AI-Driven Supply Chain Planning

Logistics Viewpoints

Excess inventory, stockouts, and increased transportation expenses are common consequences of outdated planning methods. Enterprise resource planning (ERP) systems, while effective for tracking transactions and inventory levels, lack the predictive capabilities needed to anticipate and mitigate risks.

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How Smart Contracts Are Impacting Supply Chains

Logistics Viewpoints

Even digital advancements, like Enterprise Resource Planning (ERP) systems, only partially solve these challenges because they still need centralized oversight and reconciliation. Smart contracts are software programs that self-execute and are stored on a blockchain. Smart contracts offer a new approach.

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How MTSS Platforms Can Prepare the Next Generation of Supply Chain Professionals

SCMDOJO

The global supply chain landscape is undergoing significant transformations, influenced by rapid technological advancements, shifting consumer expectations, and the intricacies of international commerce. Conversely, a student who quickly grasps procurement strategies can be challenged with advanced case studies and leadership projects.

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Probabilistic Forecasting: The Future of Supply Chain Planning

ToolsGroup

Probabilistic forecasting is revolutionizing demand forecasting, supply planning, and inventory optimization by significantly improving forecast accuracy and decision-making across distribution networks. Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables.

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Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

The answer lies in promotion management. . What is Promotion Management? Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. Why should we consider Promotion Planning in Inventory Management?

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Advanced Supply Chain Planning with Probabilistic Forecasting

ToolsGroup

Enhancing Inventory with Probabilistic Forecasting A supply chain is a complex ecosystem influenced by dynamic variables. Traditional supply chain planning tools rely on deterministic forecasting, generating single-point estimates that often misrepresent real-world complexities.

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Amul’s Optimized Supply Chain: Driving Global Growth in the Dairy Industry

Logistics Viewpoints

Direct Procurement : Milk is collected directly from farmers at the village level. Technology Integration : Use of technology in logistics, inventory management, and supply chain tracking has helped improve efficiency and transparency. This empowers them to have a stake in the business and share profits.