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Spare Parts to Profits: Strategic Inventory Mastery

ToolsGroup

In the competitive industrial landscape, efficient spare parts inventory management is crucial to maintaining seamless operations and driving profitability. In this sector, the ability to provide timely and reliable spare parts can make or break a company’s reputation.

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Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

This got me thinking, ”What is the purpose of having a father’s day promotion if people like me can’t find the right size for their dads?”, “What did the company do insufficiently? Why should we consider Promotion Planning in Inventory Management? No company is willing to stay a step behind their competitors.

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Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

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Inventory Management Excellence: Some Companies to Learn From

Logistics Bureau

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? But consider, too, how you can turn those needs to your advantage in inventory management.

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Two-Thirds of Organizations Say Reducing Supply Chain Disruption Has Increased in Priority in Response to Recurring Black-Swan Events

ivalua

As global risk factors evolve, organizations could leave themselves unprepared, creating unnecessary disruptions that are largely predictable — and in many cases avoidable,” comments Alex Saric, smart procurement expert at Ivalua. About the research. The study was conducted by Forrester Consulting in March 2022 on behalf of Ivalua.

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Editor’s Choice: AI in Supply Chains: Which Data is ‘Just Right’ for Your Business?

Logistics Viewpoints

While it might be theoretically possible to monitor weather patterns on Mars, unless your company has interplanetary operations or dependencies, that data’s not going to be relevant for managing your supply chain! market data, weather forecasts, geopolitical factors, events), and IoT devices (e.g., sensors, RFID tags).

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Definitions Matter

Supply Chain Shaman

“At the Digital Supply Chain event at SAP. First great insight from John McNiff: digital mature companies have lower DIO, IBP supports them!” ” My question is, “What is a digitally mature company? I have built five such systems for companies. Let’s take an example. Be careful about the gaps.