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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? Amazon did not invent the random storage approach.

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The Power of Purchase Order Collaboration: A Game-Changer in Managing Direct Spend

Logistics Viewpoints

Configure to Order: This strategy involves customizing standard products based on customer specifications. Here is a summary of the key supply chain characteristics of each of the manufacturing strategy and how it impacts collaboration with suppliers.

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How to Change Your Inventory Management Strategy in the Omnichannel Era

Elementum

e-commerce market has nearly doubled in size since 2011, and is forecast to grow to $737B by 2022. As recent losses by H&M and other major brands illustrate, poor inventory management can be a major cause of financial distress. There are a few solutions for the problem of inventory management in the omnichannel era.

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Taking a Holistic View on Inventory May Lead to Change in Strategy

Talking Logistics

Inventory optimization has always been a challenge while designing and planning a supply chain. A variety of barriers can impact an effective inventory strategy, such as working in functional silos and demand/supplier volatility¹. Asking the Right Inventory Questions. Where and in What Form Should Inventory Be Held?

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What is Economic Order Quantity & its Advantages

SCMDOJO

Economic order quantity is one of the “most commonly used inventory-control techniques”. The objectives and advantages of Economic Order Qty (EOQ) are to minimize inventory carrying costs and ordering costs while simultaneously limiting the probability of stock out to avoid any lost sales or customer loss. Boston Munich: Pearson, 2011.

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Asking the Right Questions Is The First Step To Drive Supply Chain Excellence

Supply Chain Shaman

Using balance sheet data from 2011 to 2019, we chart companies’ progress by peer group on rate of improvement and performance in the metrics of growth, operating margin, inventory turns, and Return on Invested Capital (ROIC). Leaders put meaning into their strategies.

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Help Supply Chain Planners Be More Successful In These Uncertain Times

Supply Chain Shaman

Today was the worst day in the S&P since August 2011. The answer is to increase modeling, evaluate sourcing strategies, and build the right push/pull decoupling points. Here I share three strategies to consider to eradicate some of the barriers. The result will be more work for planners. The problem? Times have changed.