ShipBob

NOVEMBER 6, 2023

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

Inventory Reduction 52

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Logistics Viewpoints

JANUARY 26, 2024

And now on to this week’s logistics news. Retailers are reviving an old playbook to manage their inventory levels after four years of struggling to find the sweet spot of holding enough merchandise but not too much. These devices will also be required in all cars sold in the European Union beginning this July.

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Logistics Viewpoints

MARCH 8, 2023

According to the Federal Reserve Bank of New York , nearly three years after Covid-19 was declared a pandemic, supply chains are back to normal. The February reading in the New York Fed’s Global Supply Chain Pressure Index was -0.26, reaching negative territory for the first time since August 2019. in December 2021.

Supply Chain Planning Software 220

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Logistics Viewpoints

JANUARY 10, 2024

Supply Chain Shortages Hit the Customer Where it Hurts ; Chris Cunnane According to the Federal Reserve Bank of New York, nearly three years after Covid-19 was declared a pandemic, supply chains are back to normal. Here are some highlights from these trends in 2023 and implications on supply chain planning. in December 2021.

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Logistics Viewpoints

MAY 4, 2023

CPG companies must maintain tight control over inventory to conserve cash while ensuring there’s sufficient stock to meet production schedules or forecasted customer demand. The reason? The industry’s laser-like focus on costs stifles growth. The challenges don’t stop there. To read the full article, click HERE.

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ToolsGroup

JANUARY 25, 2022

In a bold move which bore resemblance to the fighting spirit of the retail industry as a whole these past two years, the National Retail Federation (NRF) Big Show 2022 went ahead as planned in New York City despite rising COVID cases and reduced attendance. Production-to-Purchase Retail and Supply Chain Planning.

Waste Reduction 294

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Supply Chain Digest

OCTOBER 5, 2022

New Manufacturing Orders Now Declining. Inventory Levels Soaring at Nike. Amazon Workers in New York Walk out Over Safety Issue Container Lines Cancelling Sailings in Peak Season.

New York 63

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Logistics Viewpoints

MAY 27, 2022

The joint press release points out the technology’s ability to build palletized loads of department-sorted inventory and its strategic role in supporting Walmart’s goal of modernizing its vast supply chain network and allowing the company to transform its regional distribution centers to provide faster responsiveness to store orders.

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Logistics Viewpoints

JANUARY 12, 2024

German logistics giant DHL Group is advising customers to take a close look at how they manage inventories as shippers switch away from the Red Sea, though trade associations said they did not expect any notable disruptions for Europe’s top economy. Walmart unleashes ‘largest drone delivery footprint of any U.S.

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Unleashed

APRIL 11, 2024

Inventory and marketing costs can be insidious parasites, gnawing at your margins. If dead stock is consuming vital inventory space in your warehouse try bundling your slowest-moving items with best-sellers. Consult with your business advisor for tips on solutions that will work best for you. Get tactical with your sales strategy.

Waste Reduction 52

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The Logistics of Logistics

OCTOBER 21, 2020

Ephraim started his career at a bulk candy company that had retail locations in New York. The Inventory Performance Index , (IPI) is a score Amazon assesses to determine how well sellers are managing their inventory. There are four factors that affect a sellers IPI: Reducing excess inventory to increase profitability.

Warehousing 130

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Logistics Viewpoints

OCTOBER 29, 2021

Gopuff arrives in New York. The company said it has invested more in inventory planning and partnerships with suppliers so it has enough goods on hand while making sure it can route items to where they’re urgently needed. Saks e-commerce business pairs robots with workers. Uber launches rapid grocery delivery in Paris.

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The Logistics of Logistics

DECEMBER 13, 2021

A 3PL that manages your DTC shipments has your inventory in their building and in their control. Fulfillment locations include New York, California, New Jersey, Kentucky, Nevada, Canada, and the United Kingdom. Breaking up is costly, emotionally upsetting, and may lead to service failures and dissatisfied customers.

3PL 218

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6 River Systems

MARCH 19, 2020

And this made sense when warehouses were truly pass-through for inventory. It used to be that you would source, manufacture, store, send to a store and then the consumer would access that inventory. Inventory now has to be much more nimble and therefore supply chain nodes can no longer resemble their static nature of old.

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Logistics Viewpoints

MAY 26, 2023

While companies continue to take steps to fight counterfeit goods, it is becoming increasingly harder to keep counterfeits off secondary markets (and you’ll see more of that in the news roundup). And now on to this week’s logistics news. Inventories at U.S. So, wish me luck in securing authentic University Blue Jordan IVs.

Negotiating Skills 202

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QAD

JANUARY 24, 2023

Detained withhold release order (WRO) shipments move to a bonded facility: After a WRO is administered, importers can move inventory to a bonded facility until admissibility determination by CBP.

Manufacturing Procurement 97

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Stord

FEBRUARY 7, 2024

Fly By Jing also leverages Stord One Commerce (OMS) to gain greater visibility into its supply chain and, ultimately, better optimize its order and inventory management. The company has been featured in the New York Times, Wall Street Journal, Bon Appetit, Food & Wine, Los Angeles Times, Fast Company, Forbes, and more.

Los Angeles 60

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ToolsGroup

FEBRUARY 2, 2022

All this led to global supply chain disruptions and inventory build-ups, wrong inventory mixes, and supply chain shortages in 2022. Image source: New York Times. The good news: we have the technology to solve this now. That’s why I say that solving the supply chain problem is absolutely essential, not optional.

Supply Chain Planning Software 177

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Enterra Insights

AUGUST 8, 2022

When you boil it down, a product’s shelf life is very short and if you don’t sell it, that inventory will be discounted shrinking already razor thin margins. 8] Miska Salemann, “ The best places to buy Halloween candy in bulk as shortages mount in 2022 ,” New York Post, 29 July 2022. [9]

Logility 246

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Stord

OCTOBER 4, 2023

New York, NY and Atlanta, GA, October 4, 2023 – Stord , a leader in high-volume fulfillment services and technology for omnichannel mid-market and enterprise brands, announced its partnership today with Athletic Greens , the global health company behind the daily foundational nutrition supplement AG1.

Optimal Sourcing 60

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Herlitz Inventory Management

JULY 20, 2022

Some claim that price gouging is a root and significant cause of inflation today, but as a New York Times article by German Lopez points out, “Covid disrupted supply chains globally. Often, they also need to buy more than one month’s supply of inventory to meet minimum order quantities. The Fed’s rate hike on June 15th of.075,

Purchasing Skills 98

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The Logistics of Logistics

DECEMBER 13, 2021

A 3PL that manages your DTC shipments has your inventory in their building and in their control. Fulfillment locations include New York, California, New Jersey, Kentucky, Nevada, Canada, and the United Kingdom. Breaking up is costly, emotionally upsetting, and may lead to service failures and dissatisfied customers.

3PL 130

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Unleashed

APRIL 2, 2024

TRIP is hiring a Brand Manager (Notting Hill, UK) Warner Music Group is hiring an Ecommerce Operations Coordinator (Sydney, Australia) Farmlands is hiring a Head of Supply Planning, Inventory & Analytics (Christchurch, New Zealand) Patagonia is hiring a Head of Operations (San Francisco, CA, USA) Sony Music Entertainment is hiring a Director (..)

Cost Reduction Strategies 52

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Enterra Insights

JANUARY 14, 2020

In addition, it solves critical challenges in final mile strategies, reduces costs associated with inventory management, and more.”[2] ” Integrated Inventory Management. Rosing noted BOPIS could help reduce costs associated with inventory management. BOPIS has caused these two inventory silos to merge.

Inventory Reduction 100

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Supply Chain Shaman

MARCH 27, 2014

The average client that has implemented demand sensing technologies has reduced inventory by 11%. Yes, it may decrease short-term sales, but in the longer-term it will increase customer service, reduce inventory and improve the execution of new product launch and trade promotions. The data can be structured or unstructured.

Supply and Demand 278

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Kinaxis

FEBRUARY 8, 2016

The Port of New York and New Jersey was hit hard, and they “had about 24 hours’ notice before Sandy hit,” she said. In a crisis like this, Azadegan says “jobs, inventory, and profits are at stake, and beyond that, suppliers, customers, communities, and families of employees etc. Strauss-Weider Inc.,

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Supply Chain Matters

MAY 30, 2023

The Supply Chain Matters blog highlights a further negative drop in the New York Federal Reserve’s Global Supply Chain Pressures Index ( GSPI ). The logistics industry remains hopeful in new signs indicating that retailers and manufacturers are getting closer to working off the overall glut of inventories that resulted in 2022.

Manufacturing Procurement 52

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EMERGE App

OCTOBER 25, 2018

Inventory costing or valuation is an accounting concept that has a direct impact on your gross profit and thus taxable income. Methods of valuing inventory are simply different cost-flow assumptions about how to allocate your cost of goods available for sale. We’ll start by explaining why inventory costing is important.

Purchasing Skills 58

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Enterra Insights

NOVEMBER 30, 2021

Despite the fact that we don’t yet know how effective vaccines will be against the Omicron variant, world markets had a kneejerk reaction to the news of its spread. 4] Richard Pérez-Peña and Jason Horowitz, “ New ‘Variant of Concern’ Fuels Global Fear of Another Virus Surge ,” The New York Times, 26 November 2021. [5]

South Africa 130

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Herlitz Inventory Management

NOVEMBER 3, 2021

In September 2021, Associated Grocers of New England signed with Herlitz Inventory Management to improve upon its existing purchasing system and to further advance its goal of serving the needs of independent retail grocers of every store size and format. Carl Herlitz, President and CEO of Herlitz Inventory Management Inc.

Optimal Sourcing 52

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Supply Chain Matters

APRIL 7, 2022

For the specific routing of Shanghai to New York , the index was $11, 531, reflecting a six percent decline. . Trucking disruptions in these areas threaten the flow of inbound and outbound inventory. . Because of this, both Inventory Costs (91.0) Inventory levels reportedly dipped to 75.7 US Logistics Index.

Global Transportation 52

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Talking Logistics

OCTOBER 10, 2014

across from the Empire State Building in Midtown [and on the same busy street as Macy’s flagship store], would function as a mini warehouse, with limited inventory for same-day delivery within New York, product returns and exchanges, and pickups of online orders. store franchises would also serve as pickup points from January.

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NFI Industries

APRIL 11, 2017

This is most apparent in the retail industry where consumers want the latest trends instantly, and to meet that demand, shippers look for opportunities to shorten lead times and better manage their overall inventory. This past September, designers at New York. Read More.

Supply Chain Design 62

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Enterra Insights

DECEMBER 26, 2022

3PLs may also handle customer refunds and supply chain and inventory management, depending on their expertise.” and other major markets face the unpalatable fact that they over-estimated demand for multiple product lines such as appliances and home-improvement supplies, and are stuck with a giant glut of inventory.”

Pricing Training 130

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Enterra Insights

NOVEMBER 27, 2020

Journalists Jordyn Holman ( @JordynJournals ), Kim Bhasin ( @KimBhasin ), and Katherine Doherty ( @KatLeighDoherty ) explain, “The holiday playbook of opening stores right after family Thanksgiving feasts, lining the weekend with doorbuster sales, and cramming shops with inventory and workers has been thrown out the window.”[3]

Philadelphia 100

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NC State SCRC

DECEMBER 11, 2017

I recently had a chance to interview a supply chain director from a mid-sized hospital in New York state, that was very insightful in helping me to think about the challenge around inventory management. If you bought it, and documented that you used it, then you better not be cheating the system.

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QAD

MAY 23, 2023

Importers must comply with Withhold Release Orders (WRO) that allow CBP to “detain the products in question until/unless importers can prove the absence of forced labor in their product’s supply chain” The New York Fashion Sustainability and Social Accountability Act is under consideration in the New York Legislature.

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