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How Can You Improve Value in Your Supply Chain?

Supply Chain Shaman

In today’s architectures and functional metrics, value optimization does not exist. And, when procurement and tactical planning operate in isolation, there is no decision support framework to guide the trade-offs especially when the functions are tethered to different and conflicting metrics. You are right. What have I learned?

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3 Signs Your Inventory Is Cheating on You

John Galt

You thought you had your inventory under control. But here’s the hard truth: your inventory might be sneaking around behind your back – racking up costs, hoarding working capital, and ghosting your optimization efforts. But producing beyond what’s needed leads to excess inventory, which inflates carrying costs and erodes flexibility.

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AI-Tuned Pricing and Inventory Strategies are the Way Forward for Retailers

Supply Chain Brain

By harnessing the growing power of AI to not only sense demand at a very fine-grain, real-time level, but also to govern decisions about pricing and inventory. In terms of inventory strategy, First Insight assigns each SKU a unique “Value Score” based on a range of factors, including pricing, likeability and consumers’ likelihood of purchase.

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The Warehouse Automation Glossary: Terms Every Warehouse Exec Should Know

Locus Robotics

With the P2G model, the inventory remains in one location and does not move. Goods-to-Person (G2P): A fulfillment approach where conveyors, shuttle systems, and the like move inventory/goods to the person doing the picking or packing. Putaway: The process of moving received inventory from receiving docks to storage locations.

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What is Vendor Relationship Management

My Office Apps

What is Vendor Relationship Management (VRM) and Why It’s Essential for Your ERP and Inventory Software? Strong vendor relationships are critical for business success, especially when it comes to managing inventory and procurement. In This Article Why is Vendor Relationship Management Important?

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Mathematical Optimization: Supply Chain Management by the Numbers

Supply Chain Brain

Timely, incisive articles delivered directly to your inbox. Rapid-fire, essentially live decision-making only happens when you have a reliable and fast solver behind the scene,” he says. Bowman, SupplyChainBrain Watch: What’s in DOJ’s New Guidelines for FCPA Enforcement? More from this author Subscribe to our Daily Newsletter!

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Transportation pricing grows faster than capacity again in May

Freight Waves

Transportation metrics saw little change in May as capacity, utilization and pricing remained in expansion territory, according to a monthly survey of supply chain professionals. Inventory costs (78.4) percentage points even as growth in inventory levels (51.5) More FreightWaves articles by Todd Maiden: Yellow Corp.