Opinions expressed by Entrepreneur contributors are their own. Inefficient supply chain management and inventory management cause retailers worldwide to lose more than $1.8 trillion annually. Even ...

Most manufacturing businesses struggle with inventory management issues, and many believe the solution is to implement new software. But despite what vendors tell you, a new software system isn't ...

A variety of market inefficiencies – such as uncertainty around customer demand and pricing that does not consistently reflect full value – play critical roles in the automotive aftermarket industry’s ...

The historical pursuit of creating intelligent machines has culminated in the modern era of artificial intelligence. However, the efficacy of AI applications is contingent upon a nuanced understanding ...

Inventory Routing Problems (IRPs) represent a critical intersection of inventory management and transportation optimisation within supply chain management. At their core, IRPs require the simultaneous ...

Our world has been dominated by tariff and trade conversations, but much like everything we’ve been through in the past—trade issues, global unrest, pandemics—it’s a matter of responsiveness and ...

The current technology used for inventory management is outdated and has begun to show its age, an issue small business owners know all too well. They often feel neglected by today's inventory ...

Every year, 40 or so students in the MIT Center for Transportation & Logistics' (MIT CTL) Master of Supply Chain Management (SCM) program complete one-year thesis research projects. The students are ...

Artificial intelligence (AI) is well-known for its ability to make data-driven decisions, but there is a lesser-known branch of AI called natural language processing (NLP) that is starting to turn ...

While some companies like to keep things simple by doing everything manually rather than using technology, the reality is that doing things the old-fashioned way sometimes creates more issues than it ...