article thumbnail

The Forecasting Accuracy Bugaboo

Logistics Viewpoints

Solvoyo’s Solution Bugaboo: something that causes fear or distress out of proportion to its importance. Organizations then convert those demand forecasts to the associated quantities of raw materials to purchase, goods to be manufactured, or finished products to ship. Would better forecasting accuracy be a good thing? Absolutely!

article thumbnail

This Week in Logistics News (May 21 – 27)

Logistics Viewpoints

Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool. Dick’s joins a list of retailers that have recently noted the impacts of inflation on customer purchases, with a shift from discretionary to non-discretionary items being a common theme. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Impact of the Coronavirus Crisis on Reverse Logistics

Enterra Insights

Carey School of Business at Arizona State University, writes, “The coronavirus has disrupted U.S. ” What Chaturvedi doesn’t address is the fact that the increased use of the digital path to purchase comes with a dramatic increase in consumer returns. ” Concluding thoughts.

article thumbnail

The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

When I was Materials Manager at Maricopa County, Arizona, the second largest county in the country, I introduced Vendor Managed Inventory. I took our line of fasteners: bolts, nuts screws and washers and put them in one location in the Warehouse. No Purchase Orders were used. We only paid for fasteners as we used them.

article thumbnail

Reverse Logistics – What Happens to Stuff We Return?

Operations and Supply Chain Management

Brick-and-mortar stores also allow shoppers to return unwanted purchases. Dale Rogers, a business professor at Arizona State, gave a presentation with his son Zachary Rogers, a business professor at Colorado State, during which they said that winter-holiday returns in the United States are now worth more than $300 billion a year.

article thumbnail

8 Inventory Costing Methods That You Might Not Know About

EMERGE App

Thus, it comes as no surprise that modern inventory management solutions, such as EMERGE App , are based on these sound FIFO principles. Penelope also provided the following production summary from her accounting software package: Beginning Inventory 0 units. It thus ignores the effect of prices of goods and their purchase dates.

article thumbnail

100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

82% of people have concerns that the supply chain will ruin life plans, such as birthdays, vacations, holidays, and the purchasing of necessary items. Overcome supply chain challenges – and maximize margins in the face of inflation – with retail planning software and demand forecasting tools. Material Handling & Logistics ).