Technology > Inventory Planning/Optimization | SupplyChainBrain

Inventory Planning/Optimization: Page 183

Supply Chain Takes Its Power Position in the Retail Industry!
Analyst Insight: Retail is in a dramatic transformative phase. Consumers' multichannel access and shopping and web commerce vs. in-store shopping have retailers experimenting with many new approaches and technologies. Multi-merged channel expectations put fulfillment front and center as a major concern - no more relegating supply chain to the backwaters of retail management! - Ann Grackin, CEO, ChainLink Research
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Multichannel Fulfillment Is The New Normal
Analyst Insight: Multichannel fulfillment can be defined as optimizing the supply chain's capabilities to simultaneously receive and process orders from multiple ordering channels and fulfill them from the source that provides the highest level of consumer satisfaction and lowest fulfillment cost to the retailer. This model for fulfillment is both customer - and cost-driven and, therefore, the new de facto standard for the retail supply chain. - Joe Vernon, Manager of North America Supply Chain Technologies, Capgemini
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CargoSphere Unveils Update of Global Rate Network
CargoSphere, a cloud-based network for global freight-rate management for the ocean and air logistics industries, has developed version 4.0 of its CargoSphere Rate Network (CRN).
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Optimizing Inventory to Respond to Demand Variability
Analyst Insight: While much has been written about demand driven, daily demand variability drives operations crazy. Most current inventory planning and optimization applications are disconnected from daily reality resulting in operations relying on custom spreadsheets and tribal knowledge to reconcile the gaps between plan and actual. In addition, the inventory planning applications are often disconnected from the optimization applications (if implemented at all), further exacerbating the operations conundrum. - Rich Sherman, Supply Chain Discipline Expert at Trissential
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Whose Inventory Is It Anyway?
Analyst Insight: With the trend toward multichannel and omnichannel supply chains, pressure is mounting for inventories that were intended for one type of demand to be called on to serve another. This conflict can lead to underserving the demand for which the inventory was planned and raise issues between organizational entities that lean toward protectionism, undermining competitiveness. Solving this issue requires effective decision-making processes that occur in real time based on corporate objectives. - Ralph Cox, Senior Principal, Tompkins International
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Air Menzies International Sets Up Operations in India
Air Menzies International, a global trade-only airfreight and express wholesaler, has set up a new regional division to foster its development in India, and launched its own operation in Mumbai.
Asia Pacific
Legacy Supply Chain Services Acquires Vitran SCO
Legacy Supply Chain Services has acquired Vitran Corporation Inc.'s Supply Chain Operation (Vitran SCO).
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A Much More Holistic Approach Is Required in Forecasting & Demand Planning
Analyst Insight: Despite extensive writing from IDC Manufacturing Insights last year extolling the virtues of supply chain responsiveness "” and that in many cases investments in responsiveness might well be better served than investments in forecasting "” manufacturing supply chains continue to rate "making improvements in planning and forecasting" among their top investment priorities. Not that responsiveness isn't important, just that companies believe there is still more progress to be made in things like forecast accuracy. - Simon Ellis, Director, Supply Chain Strategies Practice, IDC Manufacturing Insights
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Smaller But More Frequent Retail Orders
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TNT Express Opens New Center in Romania
TNT Express has opened a new hub near Romania's third largest airport, Traian Vuia International Airport, in Timisoara. TNT Romania said its new Timisoara Centre was built to provide operational and technological support specifically for high-performance express services.
Supply Chain Finance Provider Releases New Version
PrimeRevenue Incorporated, a provider of a SaaS platform for global supply chain finance, announced the release of version 5.5 of its OpenSCi SCiSupplier platform.
Freightgate Announces Predictive Analytics for Logistics Management
Freightgate, a global provider of Logistics Cloud Solutions, announced enhanced predictive analytics capabilities in its logistics cloud platform, known as the Freightgate Universe.
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