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What is Inventory? Examples, Types, Techniques

Unleashed

Inventory is often the largest current asset in a business. Before you develop an effective inventory management strategy you need to understand what inventory is, its various types, and how it works in a business. What is inventory? Inventory is the stock of goods and materials currently owned by a business.

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The Role of Digitisation and Analytics in Supply Chain Resilience

The Logistics & Supply Chain Management Society

Digitisation for Optimised Capacity and Inventory Buffers. Traditionally, supply chain profitability has long depended on minimizing surplus due to the cost of capacity and inventory buffers. Inventory buffers encourage adaptability, create agility in the supply chain and allow for better planning.

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Innovations in using Technology to stay ahead in the Game!

The Logistics & Supply Chain Management Society

Breaking out of the traditional sales process, CEVA Logistics launched MyCEVA, a digital, web-based freight forwarding platform offering instant quotations, fast booking, end-to-end visibility and assistance from booking to delivery. LogiSYM Supply Chain Magazine – May 2021. MORE FROM THIS EDITION.

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

An implementation plan should start with the exchange of contact information and subsequently progress to establishing booking process, operations process, documentation process all the way to billing process. As with any new process, parties involved need to clearly define the purpose and procedures to ensure smooth transition.

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Real Results Magazine: Must-Have Tips to Boost Your Supply Chain

BlueYonder

If you’re like me, you’re reading a couple of good books, have several more on your “got to get to” list and a magazine or two with the corners folded down for when you have a little airplane time or for a quick read over lunch. Once you do, we’d love your feedback.

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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. LogiSYM Supply Chain Magazine – April 2022. HOW DID WE GET HERE?

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Trends Transforming Logistics and Supply Chains In the MENA Region in 2023

The Logistics & Supply Chain Management Society

Furthermore, using qualitative and quantitative forecasting to manage product inventory and distribution enables the wider operations of the business and results in improved customer experience. The dynamic logistics model must incorporate all areas of the business including warehouse management, inventory, storage and last-mile delivery.