In today's volatile and uncertain business environment, retail supply chain executives face numerous challenges in optimizing inventory and making intelligent supply chain decisions. The ever-changing supply chain management landscape requires agility, strategic planning, and the integration of advanced technologies to stay competitive and meet evolving consumer expectations. Define Your Supply Chain Aspirations Identifying your supply…
Amber Salley
The impact of lead time variability on supply chain management is a critical factor impacting operational efficiency, cost management and service delivery. Lead time is used in inventory management, production scheduling, order fulfillment and supplier management. It also involves decisions that determine optimal inventory levels, when to place orders and how much to order, stocking policy,…
The stakes are high in today’s ever-changing economy, and companies must make the right supply chain decisions or risk being left behind. Navigating the complexity of today’s supply chain requires utilizing converging technologies such as artificial intelligence (AI), machine learning (ML), decision science, and operations research for more informed, data-driven decisions. However, leveraging these components…