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Shoe Retailer Uses RFID to Bring Omnichannel to Physical Store

Italian footwear retailer Store of the Future (SOTF) opened its new Florence shop in September 2016, with an EPC ultrahigh-frequency (UHF) RFID-based system to bring more personalized service to customers as they try on shoes, while also enabling omnichannel sales.

These Four Risk Mitigation Methods Can Improve the Bottom Line

Analyst Insight: There are a few risk-mitigation methods that can improve the bottom line, and they have been around for some time. They are Product Portfolio Management (PPM), Customer Value Management (CVM), Total-Cost-to-Serve (TCS) and Gross Margin Return on Inventory Investment (GMROII). - Gregory Schlegel, executive-in-residence, Center for Supply Chain Research, Lehigh University

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New Tech Platforms Are Changing the Focus of Business Planning Strategy

Analyst Insight: As technology solutions providers improve their offerings, companies are taking another look at integrated business planning (IBP). New scalable workflow and collaboration tools are automating the capture and integration of data across functions, allowing for the development of actionable insights that link day-to-day decisions to overall business strategy. - Can Dogan, principal, Ernst & Young LLP

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Alibaba Cloud Aims to Take Artificial Intelligence to the Masses

New technology from Alibaba Cloud aims to predict when and where large airfreight shipments will be sent each day for a range of forwarders and shippers. Alibaba says its new artificial intelligence (AI) platform, called PAI 2.0, will provide businesses and organizations machine-learning capabilities.

Retail Revolution: Four Ways Supply Chains Are Evolving

Analyst Insight: As consumers' relationship with retailers changes, supply chains need to become more agile and responsive to fulfill the promise of an omnichannel world. Wholesale, retail and e-commerce supply chains, which have grown independently over the years, are merging - but significant transformation is necessary to help make omnichannel execution more profitable. - Parag Jategaonkar, performance improvement principal, Ernst & Young LLP

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Power in Procurement: Three Approaches to Consider

Analyst Insight: Outsourcing continues to grow, yet the news is full of outsourcing agreements that didn't work as planned. Far too often firms rely solely on power to get what they want. This leads to confusion, resentment, lost productivity, and at times, missed market opportunities. Suppliers and buyers need to better understand the use of power, and how this relationship will impact performance. - Karl Manrodt, professor of logistics and supply chain management, Georgia College and State University

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Predictive Analytics Aim to Transform Supply Chain Risk Management

Analyst Insight: The key to supply-chain risk management is a predictive model that uses enhanced analytics to identify potential risk. This model would allow companies to move beyond historical metrics so they can determine risk for every part and supplier. It also would identify the appropriate response, promoting consistency within the organization. - Sven Dharmani, performance improvement principal and global automotive sector supply chain leader, Ernst & Young LLP

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For Tech Industry, IoT Is Changing the Landscape

Analyst Insight: Relatively flat growth over the past several years coupled with margin erosion and heavy M&A activity in the industry has companies looking to the their supply chains for greater efficiencies. Long-tail SKUs and accelerated obsolescence cycles are clogging storage capacity that is needed for expansion of new lines, categories and products to deliver "one-stop shopping" for customers and competitive advantage for distributors. The next competitive edge will come, not from step change, but from transformational projects that deliver unprecedented efficiency and agility. - Chris Mehl, electronics industry leader, Fortna Inc.

Smart Tools: How Machine Connectedness Will Grow by 2020

Analyst Insight: Internet of Things (IoT) and smart product resellers connect industry networks to the customer. They offer service in addition to supply, and are familiar with product demonstrations, try-before-you-buy deals, how to handle product version changeovers, and many more practicalities of doing business. By 2020, these resellers will need new tools to simplify the buying process because they will be selling to the majority, not just to early adopters. - Peter Thorne, director, Cambashi Ltd.

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NFC Brings Contests, Content to Limited Jameson Whiskey Bottles

Jameson Irish Whiskey celebrated St. Patrick's Day with a near field communication (NFC)-enabled system to provide consumer engagement with each of its limited-edition bottles. The whiskey brand, owned by global beverage firm Pernod Ricard, has launched its Limited Edition Bottle 2017, with technology to enable consumers to connect with content about the company and its product, and to be included in a drawing for several prizes specific to Ireland.

Industry 4.0: The Five Steps Toward a Digital Supply Chain

If the vision of Industry 4.0 is to be realized, most enterprise processes - manufacturing, product development, customer relations, and the workplace itself - must become fully digitized. A critical element will be the arrival of the digital supply chain.

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Transvoyant Announces Predictive Tool for Supply Chain Risk

TransVoyant has announced its new product TransVoyant Precise Predictive Risk (P2R), a machine learning-based risk management and prediction tool that the software company says enables organizations to monitor, analyze and remediate risks to physical facilities, inventory in motion and in storage, human capital, competitors and extended trading partners around the world.

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

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Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

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