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2023 supply chain and logistics management trends

EazyStock

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers.

article thumbnail

2023 supply chain and logistics management trends

EazyStock

As we step into the unknown of 2023, here are some key trends and issues affecting supply chain management to help you prepare your strategies. If you’re buying raw materials or components, review your bill of materials to see if it’s possible to substitute materials or items for cheaper options or source from alternative suppliers.

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How AI and Machine Learning Changed Procurement Management

CLX Logistics

From streamlining sourcing and supplier management to optimizing contract negotiations and spend analysis, AI and ML offer various capabilities that can revolutionize procurement management operations and drive sustainable value creation.

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The Critical Role of Your Supply Chain

Logistics Business Magazine

Companies must also consider cost implications, accurate demand forecasting, trend analysis, process automation, and logistics considerations. Accurate demand forecasting and trend analysis enable companies to anticipate customer needs, ensuring products are available when and where they’re wanted.

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How AI is transforming manufacturing Part 2: Inventory management

SYSPRO Smarter ERP

Inventory control can benefit from Artificial Intelligence (AI) because AI provides powerful insights for companies, highlighting interesting trends from large volumes of data that help procurement and warehouse teams to better manage the daily tasks of inventory management. Inventory management in the supply chain.

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Big data and inventory management

EazyStock

But as the number of systems being used increases, the amount of data available for consumption and analysis grows exponentially. This is especially true in inventory management, where new technologies are being introduced all the time, and along with them, more and more data is being generated.

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Supply Chain Mastery: Innovative Strategies for Importers

MTS Logistics

Apply Data Analytics to Optimize the Supply Chain Importers can gain valuable insights into their supply chain by using data analytics, including identifying trends, forecasting demand, and predicting potential disruptions. This can include training in areas such as data analytics, lean principles, and supplier management.