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Collaborative Planning, Forecasting, and Replenishment (CPFR): Enhancing Supply Chain Efficiency

10xLogistics

Collaborative Planning, Forecasting, and Replenishment (CPFR) is a strategy that has revolutionized this space, offering a systematic approach to reducing supply chain inefficiencies. In the complex world of supply chain management, the pursuit of efficiency and effectiveness is unending.

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AI-Powered Inventory Planning for Better Sleep

Logistics Viewpoints

In this blog, I will explore the use of AI/ML inventory planning for fresh products to optimize sales while minimizing waste and stockouts. The trade-off between waste and lost sales is a critical consideration in inventory management and replenishment for perishable products.

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Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. With the availability of a multitude of tools and digital solutions, all this processing and prediction can be easily automated. The answer lies in promotion management. .

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ERP inventory management – how advanced is your ERP?

EazyStock

This can include statistical demand forecasting , advanced inventory planning and automated replenishment activities. To remain competitive they know they need the tools to ensure the right stock is in the right place at the right time. Automated replenishment is critical to ERP inventory management.

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Coronavirus Series – Inventory Management Challenges & Solutions

EazyStock

In this four part blog series we discuss how inventory management teams can use inventory optimization to help deal with the impact of the Coronavirus in the medium and long term, focusing on demand forecasting, supplier management and inventory planning. The process is endless. It’s now time that inventory management teams did the same.

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7 Benefits Realized Utilizing Big Data to Optimize Supply Chains

GlobalTranz

Editor’s Note: This is a guest blog post from end-to- end global supply chain services company, Flash Global. You can now see where items are, check the status of shipments, and so much more making this a crucial tool for those that want a hands on look at their supply chain. All of these factors make using big data valuable.

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Fresh Demand Planning: How AI Empowers Retailers

Logistics Viewpoints

In this blog, I will discuss the use of AI/ML demand planning for fresh products to help maximize sales and reduce waste. Similarly, when the weather is warmer than normal, and we stock out of chocolate ice cream, that impacts both future forecasts and the replenishment plan for the following week.