Improving in-stock status is the number one priority for Elison, CEO at Lowe’s. He’s directed the company focus toward a more effective and streamlined supply chain. Inventory was up 10% in Q4 2018 year-over-year. Still, Lowe's gross margins took a stronger-than-expected hit from Black Friday inventory shortfalls.
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Supply chains are complex networks. People, data and processes are trapped in silos and this is a root cause of many supply chains issues. We can't afford to think in silos anymore. We have to bridge the silos and think in terms of networks.
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Takeaway from SCSC Forum, Berlin 2019
#SupplyChain #Retail #SocialTech #ConnectedSupplyChain #SmartSupplyChain #platform #MachineLearning
Marks and Spencer IKEA Group Bosch Coty Vlerick Business School allnex CHEP Hrvatski Telekom Nokia Symrise AG Mondi Group SAP Honeywell BIS GROUP
Companies that place a high priority on collaboration, fare better than their competitors do, according to Harvard Business Review.
Collaboration in your supply chains has never been easier: https://proalliance.io/
#SocialTech #Cloud #CollaborativeForecasting #IssueManagement #Communication #Collaboration #Community #Retail
