article thumbnail

The Backorder, April 3 2024

Unleashed

In this issue, we look at: The latest in global supply chain news Manufacturing tips from a safety gear founder 3 simple ways to cut inventory carrying costs Job opportunities from Rolls-Royce, Apple, and more In supply chain headlines New EU due diligence law altered to persuade Italy, Germany. Christensen. Think lean; cut waste.

article thumbnail

The Top 15 Omnichannel Retail Trends to Watch in 2022

ToolsGroup

Using shop-by-store features to check inventory availability before going to make purchases in-store. In creating a seamless omnichannel experience, it is imperative to ensure your products are available when and where the customer expects them, with inventory optimized to the ideal location. . Inventory Visibility.

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 Backorder: May 15, 2024

Unleashed

Mini quiz: How well do you know inventory accounting? What is the formula for calculating inventory turnover ? a) Cost of Goods Sold divided by Opening Inventory b) Cost of Goods Sold divided by Average Inventory c) Cost of Goods Sold divided by Ending Inventory d) Cost of Goods Sold divided by Net Purchases 2.

article thumbnail

The Backorder, March 27 2024

Unleashed

We specialize in creating candles with scents inspired by books and literature – a niche we proudly pioneered.” This approach has not only helped in building a loyal customer base, but also in fostering a strong brand identity centred around the love for books and cosy reading moments.”

article thumbnail

The Backorder, March 20 2024

Unleashed

Avoid having too much capital tied up in inventory; use stock optimisation software to set optimal min and max levels based on historical data and sales trends. This will help you slash your inventory and storage costs in one fell swoop. Optimise your reorder points. Lease big ticket items. We’re proudly made in the UK.”

article thumbnail

From Globalization to Glocalization

Enterra Insights

”[5] Glocalization versus Homeland Economics An article out of Australia notes, “Expanding a business internationally is a promising endeavor, but it comes with its fair share of hurdles.”[6] Geopolitical risks, such as the Russo-Ukrainian War and U.S.-China

Global 130
article thumbnail

Driving Sustainable Growth Through Supply Chain Resilience

The Logistics & Supply Chain Management Society

As of January 1, 2022, it was taking a company an average of 73 days to deliver goods to truck or rail carriers after booking with an ocean carrier and completing the cross-ocean journey, according to E2open’s Ocean Shipping Index. Even in Australia, consumer sentiment index decreased to 102.2, HOW DID WE GET HERE? points from 44.8