Demand planning has a big impact on business performance. Planning error can put revenue at risk by driving component shortages. Persistent planning biases can tie up cash by driving excess inventory. Furthermore, the act of planning and dealing with planning error is time consuming and drives costly overhead. In fact, it is common for supply chain management executives to cite "planning errors" as the greatest obstacle they face to achieving their goals and objectives.
The Obama administration has taken its latest step away from the "all-of-the-above" energy strategy the president has professed to support, according to Jay Timmons, president and CEO of the National Association of Manufacturers.
Digitally connected consumers have turned retail models upside down as omnichannel shopping has transformed supply chain from an important business concern to a mission critical one. So profound is this change that 50 percent of CEOs recognize that their supply chain can be a strategic differentiator. However, 83 percent of worldwide CEOs believe that their retail supply chains are "not optimal" for today's changing retail environment.
Arena Solutions, a provider of cloud-based applications for product lifecycle management, has developed a new tool for discrete engineering and manufacturing.
US Foods plans to open a distribution center in Seabrook, N.H. to better serve its customers throughout New England.
The company currently services this customer base from its facility in Peabody, Mass., which has approximately 188,000 square feet. The new facility will offer more than 500,000 square feet of space, including additional dry and cold storage and fleet fueling and maintenance areas.
Piyush Sampat, principal with Deloitte Consulting LLP, charts the maturity of retailers' efforts to adapt to the omnichannel. Integration of online and store fulfillment remains a challenge, he says.
The latest supply-chain news, analysis, trends and tools for executives in the food and beverage industries. Learn how food and beverage companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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