Jeremy Tancredi, partner and leader of the Supply Chain Practice of West Monroe, recalls the plight that merchandisers found themselves in when they responded to a surge in demand during the pandemic, only to be left with excess inventory and capital equipment when it was over.

We've only just begun to scratch the surface of AI's transformative potential, and navigating this landscape requires collective wisdom and ethical vigilance. 

Two-thirds of the 30 retailers analyzed had inventory turnover rates below their peers, which indicates excess stock and/or slow sales.

Transfix said that this new feature will allow companies to manage an RFP in just minutes rather than in hours.

The state of the economy and the mounting push to digitize supply chain processes are driving a creative approach to maintaining the integrity of your company's item master.

Employees no longer spend long, tedious hours doing manual inventory with forklifts, and there is now less likelihood of misplacing product.

Saudia Group is planning on announcing the order before the end of 2023, with the airplanes going to Saudia Cargo as well as Flyadeal.

The European company still has 161 deliveries to go in the final two months of 2023 if it wants to meet its target.

By improving processes such as employee training, communication among employees, and also between management and floor staff, retailers can take strides to resolve inventory distortion at the store level.  

Sheep prices have slumped, with older animals fetching an average of just $22 in October 2023 and some reports of animals selling for less than a dollar a head.