Topic: Inventory Management

Walmart named NextGen Supply Chain Visionary Award winner

Friday, July 26, 2024 · Brian Straight Walmart’s Karisa Sprague will accept the NextGen Supply Chain Visionary Award at the upcoming NextGen Supply Chain conference in October.

When disaster strikes, the supply chain becomes the key to life

Monday, July 22, 2024 · Brian Straight Humanitarian supply chains are the key to survival for many following disasters, but the planning involved begins long before a disaster ever strikes.

Why we can’t ignore inventory rightsizing in industrial sectors

Tuesday, July 16, 2024 · Jason Miller Bloated inventories were not confined to retail post-COVID, and while the retail sector has brought inventories under control, the industrial sector has not.

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Building resilience in manufacturing

Friday, July 5, 2024 · Marisa Brown, senior principal research lead, supply chain, APQC Manufacturing remains a critical area of investment for many business leaders. In APQC’s 2024 Supply Chain Priorities and Challenges research, 72% of organizations named manufacturing as a priority for the year with regard to investing resources, innovation, and hiring.

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One door closes, a better one opens

Friday, July 5, 2024 · Suketu Gandhi, Rupal Deshmukh, Gillis Jonk, and Sachin Narang The sense of resolve out there seems at first counterintuitive, given the holding pattern of weak demand and continued uncertainty, even after COVID. Inflation, China de-risking, the brutality of Ukraine and Gaza, attacks on Suez shipping, Panama Canal drought, hacked data and…

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AI liftoff delayed?

Friday, July 5, 2024 · Brian Straight Artificial intelligence is everywhere these days. But what if it isn’t? I would guess that at least 50%, and probably closer to 70%, of the article pitches I receive these days involve AI. Most conversations I’ve had at conferences this year have at least touched on AI and…

The key to good data management? Start with good data

Friday, July 5, 2024 · Brian Straight As more companies turn to AI to manage and analyze their data, the concept of clean data sometimes gets pushed to the side.

Services economy activity sees contraction in June, reports ISM

Wednesday, July 3, 2024 · Jeff Berman The June Services PMI, at 48.8 8 (a reading of 50 or higher signals growth), fell 5.0% compared to May’s 53.8 reading, which was preceded by a 49.4 April reading that marked the first time the Services PMI contracted since December 2022, when it came in at 49 and prior to…

Procurement data to decisions: Actually acting on ‘actionable’ insights

Monday, July 1, 2024 · Matthew Buckingham, vice president of business development & alliances, Focal Point With modern procurement software, API-enabled data flows, and AI-guided processes, procurement teams get to focus on what they do best: setting strategy, managing projects, and identifying spending optimization opportunities.

Improve stock control and predictability to overcome inventory performance barriers

Friday, June 28, 2024 · Paul Lord, VP Analyst, Gartner Delivering reliable product supply has only become more difficult in recent years with market challenges. To get back on track, organizations should focus on the development and practice of two performance management disciplines: Stock control for improved predictability…

Procter & Gamble’s Amy Rardin announced as NexGen Supply Chain keynote speaker

Tuesday, June 25, 2024 · Brian Straight Amy Rardin has proven successful at finding innovative solutions that lead to supply chain wins at Procter & Gamble. She will share some of that knowledge with the NextGen Supply Chain Conference audience in her keynote address.

Assessing the e-commerce supply chain as sales, imports grow

Monday, June 24, 2024 · Brian Straight Retail sales continue to grow, albeit at slower rates, and as a result, brands are taking advantage of excess cargo capacity in bringing in merchandise earlier than normal.

NextGen Supply Chain Conference announces Johnson & Johnson’s Luis Roman as keynote speaker

Friday, June 21, 2024 · SCMR Staff Johnson & Johnson’s Luis Roman will incorporate his supply chain expertise in his keynote address at the upcoming NextGen Supply Chain conference.

Building the ‘Procurement Intelligence Team’

Thursday, June 20, 2024 · Brian Straight Tealbook founder Stephany LaPierre explains why a ‘data brain’ is needed to collect and analyze the necessary data for efficient procurement operations.

Procurement control tower: Proof of concept through machine learning and natural language processing

Wednesday, June 12, 2024 · Bishwajit Kumar and Pablo Barros Gomez Implementing a procurement control tower provides advanced insights to the sponsor company, bringing end-to-end visibility, enhanced exception management, improved decision-making, improved risk management, cost savings, and more, an MIT CTL capstone research project found.