Transforming the Supply Chain for Digital Fulfillment

Because the customer is touching the brand in multiple ways, companies must transform their supply chains. To do this effectively, it’s important to understand the different types of distribution channels.

Because the customer is touching the brand in multiple ways, companies must transform their supply chains. To do this effectively, it’s important to understand the different types of distribution channels.The older, most simplistic definition of product distribution is  getting a product from point A (point of origin) to point B (public consumption). Now, the supply chain has become a fluid highway of merchandise moving in various directions with multiple touch points. And, consumer demand is driving when, where and how the supply chain moves.

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Not Science Fiction: Cognitive Computing & Artificial Intelligence

Enterprise cognitive systems act like a brain with the ability to combine advanced math solving with the subtlety of human reasoning to anticipate supply and demand imbalances and to make the daily recommendations.

Enterprise cognitive systems act like a brain with the ability to combine advanced math solving with the subtlety of human reasoning to anticipate supply and demand imbalances and to make the daily recommendations.HOW ARE COGNITIVE COMPUTING AND ARTIFICIAL INTELLIGENCE HELPING MANUFACTURERS GET THE RIGHT PRODUCT TO THE RIGHT PLACE AT THE RIGHT TIME?

Global supply chain visibility remains a challenge for most companies. In a perfect world, customer order status could be seen all the way up the chain from distribution, to warehouse, to manufacturing, to raw materials procurement. A simple calculation would determine that the order progressing through the process is “on time,” and scheduled for delivery “as promised.”

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Dos and Don’ts of Managing Unwanted Inventory

Take the right steps in getting rid of stagnant product that cuts into your bottom line. Product philanthropy is one way to move unwanted product in a cost-effective manner while securing invaluable tax deductions.

Take the right steps in getting rid of stagnant product that cuts into your bottom line. Product philanthropy is one way to move unwanted product in a cost-effective manner while securing invaluable tax deductions.Even the most efficiently run businesses struggle to move excess inventory. Most businesses know all too well that overstocks clog their warehouse and drag down profits. But they don’t have a great way to deal with the problem. When it comes to moving merchandise efficiently and cost-effectively, be aware of the 10 top dos and don’ts:

1) DON’T DISCOUNT TOO DEEPLY

When you get in the habit of offering discounted products to buyers, you’re training them to wait for your next price reduction, rather than pay full price. And again, it’s damaging to your brand to hawk your nonperformers. You want customers to associate your name with your best products.

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Environmental Mandates and APM For A Business at Risk

Challenges arise when companies are expected to not only meet all compliance regulations, but also operate at peak proficiency. Learn how two environmental mandates that are gaining more attention: air and water pollution and natural gas extraction.

Challenges arise when companies are expected to not only meet all compliance regulations, but also operate at peak proficiency. Learn how two environmental mandates that are gaining more attention: air and water pollution and natural gas extraction.Expanding Environmental regulations puts pressure on manufacturing and distribution companies, particularly as added publicity around environmental concerns drives the need for greater accountability. Discussions in the media and political arena about environmental issues continue to ramp up, and industrial facilities must prove they are taking measures to ensure safety and mitigate risks to the surrounding communities and the environment. The challenge arises when these companies are expected to not only meet all compliance regulations, but also operate at peak proficiency to maintain a healthy bottom line.

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