Global trade is complex. Even if you do not ship internationally, you likely rely on foreign suppliers, so events that happen halfway around the world can trickle down to you. What are you supposed to do when disruptions can happen anytime, anywhere? The answer is artificial intelligence. This technology can help you identify gaps, predict changes and find solutions.
Disruption is the only consistent aspect of supply chains. They will continue happening whether or not they make headlines. Every unexpected delay can have extensive downstream effects on small businesses, impacting reputation and revenue. Building resiliency is crucial since disruptors will always exist within extended supply networks.
Top inventory management strategies involve creating systems to ensure smooth supply chain movement from procurement to order fulfillment. It’s natural for bottlenecks to occur in the system. When management adopts the right processes, productivity soars.
DALLAS, TEXAS, 16th January 2023: SML RFID, an end-to-end RFID solution provider for global retailers, has today announced the launch of part one of its State of Retail 2022/2023 report, finding that 48% of retailers believe frequently out-of-stock items cause the biggest challenge to them serving customers in today’s retail environment. With an additional half (48%) of retailers reportedly seeing improving the in-store customer experience as a top priority throughout 2022, the report casts light on industry focuses and trends going forward into 2023.
Whether you’re a locally operating small supply chain or international, high-level employee experience is the most important thing to boost your bottom line. When you drastically improve your employee experiences, you get less turnover, fewer absences and greater profitability.
Supply chain management’s essential role is to maintain productivity. But given the nature of this field, employee experience is a major challenge for managers in supply chains. However, providing a better employee experience can help you boost their morale and generate long-term revenue.
Here’s a closer look at some of the main obstacles to employee experience.
London UK; 28th June 2022: Consumers are spending less and are more selective with their purchases, while 79% say they were more forgiving about delivery experiences during the pandemic. That’s according to new data from delivery experience platform Sorted, which unveiled the current consumer ecommerce and delivery trends in the face of the rising cost of goods.
Beaverton, OR, USA, October 19, 2021 – Trusted Computing Group (TCG) has today announced a new work group that will define how TCG technologies can be implemented to address supply chain security challenges. Led by representatives from Microsoft, Intel, and Goldman Sachs, the work group will create guidance that defines, implements, and upholds security standards for the entire supply chain
With the number of cyber-attacks attempting to compromise the supply chains of industries and governments rising, the Supply Chain Security work group will bring together industry experts from across the technology ecosystem.
