Industrial inventory management is evolving significantly with AI-driven advancements, ushering in an era where data-driven decision-making and risk assessment are paramount. Cutting-edge AI solutions like Verusen's new product for MRO optimization are transforming traditional inventory practices
The year 2024 has marked a tumultuous period for the pharmaceutical industry, grappling with widespread drug shortages that have left healthcare providers scrambling and patients in distress. These shortages have not only highlighted the vulnerabilities within pharmaceutical supply chains but have
The logistics industry, a cornerstone of global commerce, faces a confluence of economic and technological hurdles. From economic pressures, such as inflation and high-interest rates, to rapid technological advancements, logistics firms are navigating a complex landscape. Amid these challenges,
The aerospace industry continues to face significant supply chain disruptions and an urgent need for skilled labor, raising critical questions about how to best address these challenges. Friend-shoring, a strategic approach that involves partnering with allied nations or friendly economies for
In a significant move to bolster its service offerings, Nulogy, a leader in manufacturing supply chain solutions, has acquired Mingo Smart Factory, a company specializing in real-time visibility into factory floor operations. This acquisition is set to revolutionize the manufacturing supply chain
The retail landscape has long been dominated by the frantic rush of the golden quarter—from Black Friday through the post-Christmas sales. However, a closer look reveals that thriving in today’s competitive market requires more than just a seasonal approach. Embracing year-round inventory
