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16 Cost Reduction Strategies in Inventory Management

Unleashed

Set reorder points for your most frequently purchased items As your business grows, it can be difficult to keep track of the right time and stock level at which to reorder more products. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

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This Week in Logistics News (June 1-5, 2015)

Talking Logistics

I’m on limited time this morning, so let’s go straight to the supply chain and logistics news that caught my attention this week: enVista Launches New Business Entity, Enspire Commerce®. Key Software Systems Revolutionizes Technology in Last Mile, Same Day Delivery. Fast-Track Gains Backers in House (WSJ – sub.

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This Week in Logistics News (February 23-27, 2015)

Talking Logistics

Moving on to this week’s supply chain and logistics news… Target Lowers Free Shipping Minimum to $25 for Online Orders. DHL launches next phase Resilience360 risk management tool to help customers avoid global disasters. enVista Announces Record Revenue for 2014. December 2014 North American Freight Numbers.

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A Complete Breakdown of the 26th State of Logistics Report

GlobalTranz

This year’s version of the State of Logistics Report revealed that third-party logistics providers ( 3PLs ) and those involved in the supply chain have experienced the greatest gain and economic turnaround since the Great Recession of nearly a decade ago. Cost of Logistics as Percentage of GDP from Logistics Management.

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7 Strategic Performance Business Practices with 3PL KPIs and 4 KPI Problems to Solve

GlobalTranz

Solution 1 : This can be significantly improved by engaging a consulting team to review existing KPIs and recommend changes. Solution 2 : Helping managers and employees to understand the meaning of their KPIs is conducted through workshops run by a logistics service provider.

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The Benefits of Evolved Vendor Managed Inventory Model Led by Web-Based VMI

GlobalTranz

No Purchase Orders were used. Leviton selected a vendor managed inventory solution from VMI specialist Datalliance as a tool to help them run their business more effectively and giving them a competitive edge by creating a collaborative working relationship with key trading partners. Software to Manage Vendor Managed Inventory.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. In short, the increased threat of terrorism underscores the importance of taking a smarter approach to supply chain risk management , which was one of my predictions for 2014. TMS for SMB: Breaking Down the Barriers.