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

Savvy Supply Chain Leaders Aren’t Letting a Good Downturn Go to Waste

Logistics Viewpoints

For a few years now, supply chain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supply chain professionals, driver shortages continue to plague the industry.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Causal Artificial Intelligence and Supply Chain Performance

Enterra Insights

Supply chain professionals have always depended on forecasting to help them balance supply and demand. Causal AI and the Supply Chain Jerry Stephens , General Manager of Supply Chain Management at causaLens, argues that Causal AI is becoming a necessity for smooth supply chain operations.

article thumbnail

The Counter to Constant Supply Chain Volatility Is Pervasive Visibility and Industry Collaboration

Logistics Viewpoints

For more than a year, global supply chains have been buffeted by one major disruption after another. Raw materials are in short supply, many manufacturers have temporarily mothballed production lines, transportation costs are rising, and labor is getting tight on our roadways , railways and ocean vessels. The impact?

article thumbnail

The Internet of Things in the Supply Chain

Enterra Insights

The Digital Age is all about connectivity and so is the emergence of the digital supply chain. And all of them expect to be connected to logistics providers transporting goods to and from various supply chain nodes. Supply chain IoT tools. in 2014 to just 4 cents in 2019.”[6]. ”[2].

article thumbnail

Insights from Ryder Innovate 2014

Talking Logistics

The value of peer-to-peer learning and networking was evident at last month’s Ryder Innovate conference — “an exclusive gathering of senior leaders in transportation, logistics, and supply chain seeking strategic insight, new ideas, and thought leadership to improve their supply chain and fleet operations.”

article thumbnail

Innovative Approaches to Supply Chain Risk

Kinaxis

You have a supply chain risk management strategy in place. Many companies have accepted the need for Supply Chain Risk Management because they understand that just such a scenario could occur and if they are ready for it but their competitors are not, they have an opportunity to gain market share.