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When It Comes To Excess Inventory, Prevention Is Better Than Cure

ToolsGroup

Excess inventory – it’s taking up your warehouse space, tying up working capital, and limiting your planning team’s range of motion. It’s time to Marie Kondo your supply chain by eliminating excess inventory and learning how to avoid it in the first place. Let’s talk about: What Excess Inventory Is.

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How COVID-19 Will Change Supply Chains For Good

ToolsGroup

Both examples are currently seeing stock-outs, but the toilet paper shortage is more of a logistics issue than a physical supply problem. If we do the math on that, assuming an average of 2,000 masks and 500 staff members per hospital, you’d have a four-day supply. There are a few solutions to this phenomenon.

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The four steps to supply chain readiness

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The Four Steps to Data Readiness. Step 1: Set the strategy. They might say one of their core goals is to keep products in stock for customers. A good KPI to track for this goal might be a low out of stock (OOS) rate. But on the other hand, retailers also want to maintain a low average inventory to avoid excess costs.

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Take Five: Quick Takeaways from the Gartner EMEA Supply Chain Executive Conference

ToolsGroup

I think with all the delicious fish I consumed in Barcelona I should have enough omega-3 fatty acids to power my brain function for weeks to come…Besides a shared love of food it’s clear that global businesses converging last week found common ground on the challenges of merging the digital and physical supply chain.

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Kimberly-Clark: A Demand-driven Leader

Supply Chain Shaman

In this blog post, I would like to celebrate their story. As I stomped the snow off of my boots to start the strategy day, I faced a room of disbelievers. They measured out-of-stocks at the shelf and they made improvements. Note the trends in operating margins and inventory turns. Their transformation took six years.

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Retailer Quarterly Performance Points to Stressed Consumers and Changed Buying Trends

Supply Chain Matters

Retailers who proactively anticipated such trends and resized their inventory stocks seemed to have fared better. The retailer has also benefited from a de-stocking of previously high levels of discretionary and pandemic related inventory. They further point to changed online buying trends. percent to $24.9

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September and Q3 2022 Global Manufacturing Indices Enter Contraction Trending

Supply Chain Matters

We additionally noted trending indicating that many businesses were factoring uncertain product demand and supply network risks, and that was going to make industry supply chain strategies far more challenging in the weeks ahead. This is a significant milestone for ongoing planning and execution strategies. . representing a 0.6