Why Today’s Challenges are Fueling Labor Productivity Growth

It's time for some good news. Labor productivity grew by 2.2% annually between 2020 and 2021, up from a 0.9% average annual growth from 2011 to 2019. Before attributing this to people working more hours, labor productivity is measured as the output per worker hour. Hence, people are becoming more efficient.

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How to Evaluate an AI Demand Forecasting & Planning Solution

AI Demand Forecasting & Planning solutions are redefining traditional practices. They're improving inventory placement and reducing overall inventory costs, returns, and markdowns. Already prominent retailers such as Walgreens and PACSUN are reaping the benefits of these solutions. But not all solutions are created equally, and people struggle to evaluate them. Many advocate pilots, and while that is a viable option, even free pilots cost your company time and resources. Pilot or not, you need methods to down-select solution providers.

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Restoring Available to Promise through Intelligent Order Promising

Everyone needs an escape. Something, anything, to take your mind off your current situation and recharge. Mine is carpentry. While I am no professional or craftsman, I've restored a 70-year-old dining table and built desks as well as a bench so I can enjoy my lemon trees inside. I’ve even fixed a pre-World War 2 dresser, which contained a fabulous surprise, but more on that later. Restoration is my passion. It's a great feeling bringing something back by stripping away the layers of paint, reconstructing lost parts, and rediscovering the beauty of the design. You learn a lot in this process.

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Inflation and Transportation Costs May Have Peaked, but their Impact Remains

An extensive amount of news today focuses on inflation and supply chain disruptions. The latest Survey of Consumers focused on inflation's impact to consumer sentiment, which fell to its lowest level since November 2011. While the Delta and Omicron variants have pushed the index lower, consumers' primary concern is rising inflation and falling real incomes.1

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Escape the Horrors with Revenue Growth Management

Companies have a difficult road ahead. Economic profit growth was 1/3 of the previous decade, and continuous cost pressures, supply shortages, and a changing consumer are creating a dreadful atmosphere. Worse, this will be the norm for the next 12-24 months. Hence, CPG companies are finding improvements using Revenue Growth Management.

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