Reduced inventory and optimized logistics are just a few of the benefits to be realized in implementing Integrated Tactical Planning, says David Goddard, principal at Oliver Wight.
There’s a pressing need to make inventory management more flexible, resilient and stable. Many companies are turning to artificial intelligence as a solution.
Mergers and acquisitions and a digital-savvy younger generation are changing the landscape in supply chain planning, says Alex Pradhan, product strategy leader at John Galt Solutions.
While the task and responsibility for managing the data supply chain is primarily the responsibility of information technology professionals, the concepts and tools we use every day directly apply to the data supply chain as well as the physical supply chain.
Now is the time to embrace strategies that set healthcare facilities up for success, regardless of whether there’s a surplus or shortage of crucial medical supplies.
The pandemic and resulting congestion in the supply chain have retailers reconsidering their traditional approach to sourcing and inventory management, says Larry Parker, department chair of transportation and logistics management, supply chain management, reverse logistics and government contracting at the Dr. Wallace E. Boston School of Business in the American Public University System.
The adoption of tactical “firefighting” rather than a strategic approach should sound alarm bells, not least because of the missed opportunity to revolutionize supply chain planning.
The latest news, analysis, trends and solutions regarding inventory planning and optimization and its impact on supply chain management. New technologies in inventory planning and optimization are transforming the way companies operate - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using inventory planning solutions for supply chain optimization.
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