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Tag: overstocking

7 ways AI can reinvent inventory management

By Dusty Alexander, President & CEO, Global Shop Solutions. ERP for manufacturing was first introduced back in the 1960’s at a time when basic...

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

In the complex world of supply chain management, the pursuit of efficiency and effectiveness is unending. Collaborative Planning, Forecasting, and Replenishment (CPFR) is a...

Optimizing Clinical Trial Supply Management: Harnessing AI for Efficiency and Sustainability

The production of investigational products (IPs) for clinical trials stands as one of the most financially burdensome tasks for biopharmaceutical companies of all sizes....

Comprehensive Guide to Product Sourcing for Retail and eCommerce

Today, businesses face mounting pressure to streamline their operations, reduce costs, and minimize errors in order to remain competitive in an ever-evolving market. This...

How AI Is Helping Small Businesses In This Digital Landscape?

In this ever-growing digital landscape, being competitive is quite a challenging task for even multinational brands. Many well-recognized organizations are still trying to flag...

The Benefits of Technology in Logistics

Third-party logistics (3PL) providers use technology to enhance their services and remain competitive. By harnessing technology, 3PLs can improve operational efficiency, minimize errors, and...

8 Tips to Improve Order Processing in an Online Store

Ecommerce has skyrocketed in the past decade, riding the digital wave to simplify shopping like never before. Industries better shape up or ship out to keep up with this online shopping spree!Efficient...

Exploring Real-life Sustainability and ESG Case Studies on Implementing Generative AI: A GreenBiz Analysis

In recent years, the concept of sustainability and environmental, social, and governance (ESG) factors has gained significant traction in the business world. Companies are...

10 Advantages of Real-Time Data Streaming in Commerce – DATAVERSITY

While early science fiction shows like “Buck Rogers” (1939) and “The Fly” (1950) depicted teleportation technology, it was Star Trek’s transporter room that made real-time living matter transfer a...

Why Is Supply Chain Visibility Critical for Decision-Making?

Supply chain visibility is about knowing where things are at all times, from their sources to their final destinations. Various technologies can track goods...

Inventory Accuracy: Your Key to Efficiency & Profitability

Studies show that inventory inaccuracy can cost businesses up to 10% of their revenue. If you're ready to turn inventory data into a competitive...

4 Reasons the Apparel Industry Needs an Inventory Management System! – Supply Chain Game Changer™

Due to the intense competition and quick pace of the apparel industry, it’s no surprise that new apparel trends and styles appear with each...

Maximizing Efficiency: Strategies to Avoid Overstocking

In an e-commerce business, managing a fulfillment center with precision is pivotal for business success. Overstocking, or the accumulation of excess inventory, presents a...

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