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16 Cost Reduction Strategies in Inventory Management

Unleashed

So your company is looking to reduce costs, and you’ve been asked to contribute by reducing your inventory cost. Here we explain how you can do this with 16 cost reduction strategies in inventory management?that that are each proven to reduce a company’s costs.? It also avoids the need to dip into safety stock.

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Logistics Strategy Focused on Partnership Proves More Effective

Zipline Logistics

Even the largest shippers have taken note and begun working with 3PLs to create strategic partnerships that accomplish more through the supply chain. Some the country’s biggest CPG brands are leaving the old strategy of transactional shipping behind in favor of strategic logistics partnerships. How do we know this?

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The Top 10 Supply Chain Management Challenges for 2023 & Beyond: An In-Depth Look

RFgen

In this article, we will explore the top 10 supply chain management challenges for 2023 and beyond, providing insights and strategies for overcoming these obstacles. Monitor economic trends and develop strategies to mitigate the potential negative effects on your operations. 3PL specialized in storing and shipping products.

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How Much Inventory Should I Stock in a Post-COVID World?

Stord

Make sure to check your contract(s) and chat with your vendors before ordering to make sure there’s a place to keep the pallets. Some large brands bake this into part of their strategy, adding excess inventory as a line item in their budget and forecasting to help accommodate for unsellable goods. in January 2021).

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This Week in Logistics News (March 20-24, 2017)

Talking Logistics

That experienced delay, in turn, can contribute to reduced customer satisfaction. Speaking of 3PL-TMS vendor partnerships, Lineage Logistics , a large temperature-controlled warehousing and logistics company, announced a strategic partnership with BluJay Solutions (formerly Kewill/LeanLogistics).

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This Week in Logistics News (August 17-21, 2015)

Talking Logistics

Now that Infor has acquired one of the leading Supply Chain Operating Networks on the market, I expect other traditional software vendors to explore strategic partnerships or acquisitions in this area. The other big news this week is yet another large acquisition in the 3PL market: GEODIS is acquiring OHL for a reported $800 million.

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Why Ecommerce Warehouse Inspections Are Necessary and Best Practices to Follow

ShipBob

By identifying opportunities for improvement, warehouse inspections help to ensure you’re following OSHA standard and that you and your team have done everything you can to reduce risk. . Daily cleanliness and sanitation inspections are essential to maintain the health and safety of your employees while reducing the spread of viruses.