Ironically, the higher up you go in most organizations, the more unreliable and challenging the information that drives decision-making becomes. The main issue is the same as it has always been – behavior. And it is not necessarily a deliberate decision to operate in a certain way – but more about the continuing challenges modern leaders face to balance expectation, ambition, and risk.
By improving processes such as employee training, communication among employees, and also between management and floor staff, retailers can take strides to resolve inventory distortion at the store level.
Sheep prices have slumped, with older animals fetching an average of just $22 in October 2023 and some reports of animals selling for less than a dollar a head.
Shanmugasundaram says online sales of Breitling watches increased by 20% in the U.S. the month after the program was introduced, and online sales revenue increased by 15% to 30%.
Omni-channel, demand-driven fulfillment using AI and automatic decision-making technologies will give retailers the edge they need to succeed in a very competitive landscape.
IBM, a pioneer in the development of artificial intelligence, deploys the ground-breaking technology to make real-time predictions about the status and shipment of sales orders.
Richard Thompson, international director of supply chain and logistics solutions with JLL, reviews the major changes that are occurring in supply chain network strategy in the post-COVID era.
Ultimately, mesh networks can handle fluctuations in supply and demand, optimize routes, and create transparency and accountability in the supply chain.
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.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.