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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?

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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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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. S = Cost per order.

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What You Need to Know About the State of eCommerce Logistics

GlobalTranz

Meanwhile, eCommerce is catalyzing significant changes in retail real estate as more companies vie for warehouse space and transportation services to meet a growing number of online orders, explains Alexander Frei and John Morris of Area Development. Warehousing Expansion Is a Must. Warehouses Renew Focus on Inventory Control.

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Manufacturing Strategies for Weathering a Natural Disaster

RFgen

Strategy Business Magazine examined how manufacturers in Japan responded to the 2011 earthquake, tsunami and nuclear meltdown. Multiple companies found themselves with bottlenecked inventories they had to store and find buyers for once business resumed. Distribution was the major issue for most Japanese manufacturers.

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Manufacturing Strategies for Weathering a Natural Disaster

RFgen

Strategy Business Magazine examined how manufacturers in Japan responded to the 2011 earthquake, tsunami and nuclear meltdown. Multiple companies found themselves with bottlenecked inventories they had to store and find buyers for once business resumed. Distribution was the major issue for most Japanese manufacturers.

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Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“When the world changes around you, and when it changes against you, what used to be a tailwind is now a headwind — you need to lean into that and figure out what to do because complaining isn’t a strategy.”. Just six years later, when the Japanese earthquake and tsunami of 2011 struck, Cisco was well prepared. Jeff Bezos, CEO, Amazon.