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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Red Sea Ocean Transport Shipping Disruption Update

Supply Chain Matters

The Supply Chain Matters blog provides our readers with a further update on the ongoing Red Sea shipping disruption including added context and implications. Background Just before the Christmas 2023 holiday, Supply Chain Matters alerted our readers to rather troubling signs for another global-wide shipping disruption. East Coast.

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In-transit Inventory: A Complete Guide for Merchants

Unleashed

In-transit inventory is a frequently overlooked aspect of inventory management and accounting for product businesses. What is in-transit inventory? In-transit inventory is products that have been shipped by the seller but have yet to reach the customer. Who owns in-transit inventory?

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5 Reasons Why You Need Procurement Planning Software

New Horizon Supply Chain Blog

Introduction: Procurement Planning for Distribution-Intensive Businesses Procurement planning is not a widely recognized category of supply chain software, but it should be. The resulting plan should maintain adequate safety stock levels for each purchased item while reducing inventory costs.

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AI in Transportation and Logistics: Steering Towards Smarter Operations

ThroughPut

The transportation and logistics industry has witnessed a profound transformation over the past few years, driven by a mix of industry disruptions and emerging innovative technologies. Robots have helped efficiently sort, pick, and pack inventory, considerably speeding up order fulfillment.

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What is GMROI, and What Does it Mean for Your Retail Inventory?

ShipBob

That means you must see a sufficient return on your inventory investment. In other words, you need to make more money selling your inventory than you spent to acquire, store, and fulfill orders with it. In this post, we’ll cover what GMROI is and why it’s important for your retail inventory management.

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A Long Road Ahead for Procurement Professionals Managing Their Supply Chains

ModusLink Corporation

Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Consider global container shipping rates. But what does that mean for future strategies in procurement ? Ongoing Optimization Shippers must optimize their procurement strategies.