article thumbnail

7 Reasons Why You Should Reduce Inventory

SCMDOJO

Are you tired of dealing with excessive inventory levels that eat up your storage space, tie up your capital, and hinder your company’s growth? If so, then it’s time to consider the numerous benefits of reducing inventory. Inventories are designed to match customer(s) demand. The same applies to inventory reduction.

article thumbnail

How Inventory Management is a problem the size of Australia

The Network Effect

Inventory distortion costs retailers nearly $158 for every man, woman, and child on the planet. Billion a year is the cost of Inventory distortion in North America, an amount equivalent to the annual revenues of Kroger, Home Depot, and Target combined. The Asia/Pacific region contributes 39% of all inventory distortion.

Australia 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Hidden Costs of Ghost Inventory: What You Need to Know

ShipBob

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?

article thumbnail

Abercrombie & Fitch Co. and ToolsGroup Team Up for Planning Expertise Webinar

ToolsGroup

with extensive background in retail planning and management. She has spent her entire career in the retail industry, gaining expertise in merchandising, allocation, and inventory management. Monica Tatham has over 16 years of experience at A&F Co. I’m excited to share one of the many ways Abercrombie & Fitch Co.

article thumbnail

Businesses Responding to High Inflation and Supply Chain Inventory Concerns

Supply Chain Matters

This survey of a reported 750 CEO’s and other C-Suite executives was conducted in May 2022, among executives based in North America , Latin America , Asia and Europe. Inventory Management Assessment- Samsung Electronics. Samsung ’s inventory balances reportedly reached the equivalent of $36.9 cyberattacks.

article thumbnail

This Week in Logistics News (January 20 – 26)

Logistics Viewpoints

Retailers are reviving an old playbook to manage their inventory levels after four years of struggling to find the sweet spot of holding enough merchandise but not too much. These devices will also be required in all cars sold in the European Union beginning this July. And now on to this week’s logistics news.

article thumbnail

5 Key Trends in 2024 for Asian Manufacturers

SYSPRO Smarter ERP

Many governments are incentivising companies to invest in new manufacturing technologies, and the manufacturing sector in Asia has undergone significant change in recent years. With AI, it will be possible to use historical data and market trends to forecast demand and optimise inventory levels with more accuracy and reliability than before.