article thumbnail

16 Cost Reduction Strategies in Inventory Management

Unleashed

That makes sense – inventory is one of the most capital intensive areas for any product business. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that VMI creates efficiencies in the supply chain as it ensures data from sales is a key part of the inventory management system.

article thumbnail

Insights from Ryder Innovate 2014

Talking Logistics

Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014. Suppliers (supplier management and supplier quality issues). Inventory (inventory management policies and practices, optimizing inventory flow). Forecasting. Technology.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

This Week in Logistics News (July 14-18, 2014)

Talking Logistics

. “Due to an increasingly complex regulatory environment and significant cost pressures, medical device manufacturers are looking to the supply chain to lower costs through inventory reduction and enhanced visibility,” said John Menna, UPS vice president, global healthcare strategy. And with that, have a happy weekend!

article thumbnail

Walmart: 3 Keys to Successful Supply Chain Management any Business Can Follow

GlobalTranz

.” The Key’s To Walmart’s Supply Chain Management Excellence over the Year. Riding a rising five-year trend, retail juggernaut Walmart® grossed $476 billion in the fiscal year that ended in January 2014, up from $408 billion in fiscal 2010, according to The Wall Street Journal’s MarketWatch. Decades in the Making.

Gartner 120
article thumbnail

Overview of published mind maps Supply Chain Movement

Supply Chain Movement

Mind Map for medtech supply chains 2014. Mind Map for Pharma Supply Chains 2014. Mind Map for Global Trade Management. Mind Map for Inventory Management. Connect these solutions to the original market trends and connect with suppliers, customers and other external parties. Mind Map Strategic Transport Optimization.

article thumbnail

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena

The Logistics of Logistics

Since 2014, Lean has worked with over 100 satisfied U.S. Inventory Management. Vendor Management. Customer / Supplier Management. Lean provides a turnkey solution to staffing challenges using a proven process that will improve profits while reducing employee costs. based transportation and logistics providers.

article thumbnail

Inventory Planning vs. Inventory Optimization: What’s the Difference?

ToolsGroup

How to achieve true inventory optimization. Since we know what doesn’t deliver true inventory optimization, what does a good solution look like? The Journey to Successful Supply Chain Inventory Management Requires a Sequenced Plan, 4 November 2014.