The supply chains of omni channel retailers operating brick-and-mortar and online stores need to simultaneously fulfill multiple, sometimes conflicting, requirements. Here are nine things you may not have known about an omni channel supply chain.
Initially, planning activities were centered entirely on metrics, such as:
While the most common use of capacity planning is to schedule production capability to meet short- and medium-term demand, it’s also an important element of long-term strategic and organizational planning.
Myth #1: Companies believe they already have/use prescriptive analytics. Just mention advanced analytics or its subsets like machine learning, AI, simulation, etc., and you’ll find many people use these terms interchangeably. Advanced analytics is an umbrella term for the following:
