Oyku Ilgar is a marketer, blogger, and podcaster in the area of ERP and Digital Supply Chain at SAP.
last year, surpassing the previous high of $10.6 billion. This figure encompasses a wide range of expenditures, including costumes, decorations, greeting cards, and candy.
, often requiring brands to make decisions 18 months to two years in advance. This involves determining which costumes, decorations, and candies to produce and the quantities needed. Overproduction remains a significant risk in supply chain management. Producing goods over actual demand can lead to significant waste and lost revenue. If companies produce too many and the holiday passes, they will be left with unsold inventory that has little to no value after the season ends.
Multisourcing is one of the resilience strategies that companies are increasingly adopting. By diversifying suppliers, businesses can procure raw materials from multiple sources, ensuring a consistent flow of materials even if one supplier encounters challenges.
Ai Artificial Intelligence Machine Learning SAP NRF Halloween Halloween Costumes Halloween Candy Shopping
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