Back in March 2024, NPR’s Planet Money featured a fascinating episode called “Is Dynamic Pricing Coming to a Supermarket Near You?” It highlighted REMA 1000, a Norwegian grocery chain that’s doing ...
AI-driven adaptive safety stock planning is revolutionizing inventory management in fluctuating supply chains.
Boost efficiency and accuracy in logistics, data analysis, forecasting, and more Elysse Bell is a finance and business writer for Investopedia. She writes about small business, personal finance, ...
Fabletics is digitally overhauling its demand planning and forecasting systems to support its growth objectives, according to a Feb. 13 press release. Using Blue Yonder’s supply chain planning ...
Companies are struggling to maintain the right inventory. Pandemic-era supply chain disruptions and volatile consumer demand led many companies to shore up inventory in 2021, while soaring container ...
Analyst Insight: AI revolutionizes initial inventory planning and stockpiling by estimating demand even when historical data is missing. This optimizes procurement, reduces costs, and prevents ...
The success of a supply chain business often relies on the effectiveness of its inventory strategy. Without a strong plan in place, companies may run shortages or end up with surplus inventory on hand ...
Editor’s Note: Every year, 40 or so students in the MIT Center for Transportation & Logistics' (MIT CTL) Master of Supply Chain Management (SCM) program complete one-year thesis research projects. The ...
Efficient Learning Algorithms for the Best Capped Base-Stock Policy in Lost Sales Inventory Systems Periodic review, lost sales inventory systems with lead times are notoriously challenging to ...
One of the lessons every seller learns quickly is that good inventory management is the key to a healthy bottom line. The disparity between consumer demand and inventory levels leads to a whole host ...
Aggregate planning accounts for all resources a company has to meet projected demands. The balance of inventory, labor, demand and variations in demand can save money. The planner must use a time ...