Remove Analysis Remove Metrics Remove Procurement Solutions Remove Third Party Logistics
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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

The Failure of Existing Demand Planning Solutions. During the pandemic, supply chain leaders turned off their demand planning solutions. Also, the solutions lacked flexibility. Need For What-If Analysis. No company interviewed was able to successfully use their current what-if solutions to model pandemic impacts.

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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? Here are some examples to consider for your business.

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What is Order Processing? How it Works & Key Methods

Unleashed

Tracking: Order tracking systems keep the customer updated on the journey of their purchase, ensuring transparency until the order is delivered. This entire process can be managed manually, which can be time-consuming and inaccurate, or with order processing software , which helps minimise errors and improve customer satisfaction.

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16 Cost Reduction Strategies in Inventory Management

Unleashed

Conduct an FSN analysis FSN analysis is used to categorise products as fast-moving, slow-moving or non-moving. Finally, ‘non-moving’ items are those that are not used over the analysis timeframe. Setting reorder points for the most frequently purchased items can help significantly improve inventory efficiencies and save costs.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

GlobalTranz

Raw material suppliers and logistics. Transportation modes used in procurement and shipping. Distribution of goods prior to purchase. Each of these elements more traditionally handles by outsourcing analysis of processes to supply chain consultant. Demand fluctuations. Performance Measurement and Management.

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Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

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 period The inventory turnover period is the time taken from when you purchase inventory until the time those goods are sold.

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How to Measure & Optimize Inventory Health For Ecommerce Success

ShipBob

By the end of this article, you’ll gain insights into which inventory health indicators you should be monitoring, how to overcome common inventory management hurdles, and see how a third-party logistics provider like ShipBob can help. These metrics provide valuable insights into how well your inventory is managed.