ShipBob
NOVEMBER 29, 2023
These physically unaccounted-for units of inventory called ghost inventory, or phantom inventory , are a more common challenge faced by retailers than you think. Often, the items accounted for in the asset register do not reconcile with what is in the inventory. What is ghost inventory?
DELMIA Quintiq
APRIL 6, 2020
The key challenge is to not over-produce and stock up on excessive inventory , but at the same time be ready for summer by securing on-shelf availability and fulfillment. Dr. Rob Hyndman, forecasting expert at Monash University in Melbourne, Australia, recently wrote in his blog ( [link] ) the methods used to forecast the spread of COVID-19.
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ShipBob
NOVEMBER 6, 2023
Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?
Supply Chain Shaman
FEBRUARY 14, 2022
Companies tightly coupling the budget to S&OP have significantly higher inventories and lower growth than their peer group. Deployment of deeper statistical engines for inventory management with a focus on safety stock will improve inventory levels. Industries carried on average 32 days more inventory in 2020 than in 2007.
ShipBob
DECEMBER 25, 2023
It’s a form of supply chain digitization that ensures every element, from sourcing raw material inventory to product delivery, is coordinated and managed through a centralized platform. The need for more SKUs increases complexities in sourcing, procurement, inventory management, package tracking — the list goes on.
Logility
JUNE 8, 2022
Notable new and existing customers placing orders with the Company in the fourth quarter include: Ariela & Associates International, Bemis Manufacturing Company, Bondi Sands Australia Pty Ltd., Diversey, Inc., Polar Electro OY, Timex Group USA, Inc., Vista Outdoors, Workwear Outfitters, LLC. Demand Management, Inc.
ToolsGroup
OCTOBER 3, 2022
Yet according to retail advisory firm IHL , “The most significant challenges to inventory distortion are the availability of workers and the disruptions outside of the immediate control of the retailer.” In the UK, 12% of wholesale and retail businesses are facing staffing challenges. Effects of the Labor Shortage on Corporate Workers.
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