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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.

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SYNOPSlS: Your Supply Chain Roadmap IDC’s Predictions for 2022 and Beyond

The Logistics & Supply Chain Management Society

Presenters: Dr Chris Holmes , Managing Director, IDC Insights Asia Pacific. Stephanie Krishnan , Associate Vice President, IDC Manufacturing & Energy Insights Asia/Pacific. Stephanie Krishnan is the Research Director for Manufacturing Insights with IDC Asia/Pacific, responsible for Industry 4.0 About the Author.

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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?

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Network Supply Chain Transformation at UScellular

Logistics Viewpoints

I found the presentation by UScellular especially interesting. Visibility across the supply chain can enhance the ability to locate inventory and more intelligently prioritize its allocation to projects. This presented a potentially large opportunity to simplify the warehouse network at some point in the future. Path Forward.

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Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

by Martin You – Sales Director for Asia Pacific at E2open. More specifically, it took 83 days for container transport from Europe to Asia, and 88 days from North America to Asia. Martin You – Sales Director for Asia Pacific at E2open. Driving Sustainable Growth Through Supply Chain Resilience.

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7 Ways Businesses Can Manage Supply Chain Shortages in 2021

ToolsGroup

Use analytics to put your available inventory to the best use. Chances are you do have some inventory–make sure it’s being put to the best use with automation and data analytics. In more buoyant times, companies are often optimizing inventory to reduce cost or maximize revenue to grab market share.

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Building Value Networks. Stopping the Backward Slide.

Supply Chain Shaman

Phone calls to Europe or Asia were costly and of poor quality. Supplier reliability and the bi-directional flow of data at the speed of business improve agility and decreases the issues with having the wrong inventory or aligning transportation inbound logistics with manufacturing scheduling. Avoid slick presentations.