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Inventory Management Solutions & Strategies [Ultimate Guide]

Unleashed

Without the right inventory management solutions in place, it’s almost impossible to maintain optimal stock levels, minimise costs, and improve overall efficiency – all of which are essential to ongoing business success. In this guide: What are inventory management solutions?

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How Cold Chain Logistic Providers Build Trust with Traceability

Logistics Viewpoints

billion in 2020, the cold chain market is expected to reach more than $628 billion in 2028, nearly tripling its growth in less than ten years, according to a market analysis report by Grand View Research. Key attributes, such as expected temperature for a product, should flag inventory whenever an excursion takes place.

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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. 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

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Navigating Global Supply Chain Disruptions: Strategies for Resilience

SCMDOJO

Supply Chain Risk Management, or (SCRM for short), is an already expanding industry, and with artificial intelligence becoming more intelligent by the day, it’s going to be an integral part of any supply chain analysis. Businesses can go out of business overnight, so having separate suppliers for your inventory is never a bad idea.

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Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

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Do Digital Your Way. Sidestep the Supply Chain Conquistadors

Supply Chain Shaman

McKinsey promises improved agility (not defined) with up to a 30% reduction in operational cost and a decrease in inventory of 75%. (I The technology is the easy part, but making a conscious choice on inventory deployment is challenging for companies. It combines robotics, analytics, and the Internet of Things (IoT). Self-driving cars?

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5 Reasons to Leave Your 3PL with Shane Hanson

The Logistics of Logistics

Before founding Square1, Shane served as Vice President of Salon Service Group (SSG), where he was responsible for navigating the company through seven acquisitions and founding GB Logistics. Square1 Logistics is a third-party logistics (3PL) provider based in Springfield, Missouri.

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