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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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Record High Drug Shortages in the U.S.- Same Dysfunctional Problem

Supply Chain Matters

Supply Chain Matters again points to the conflicting stakeholder interests that continue to result in U.S. wide shortages of life saving pharmaceutical and drug supply. In the case of specific branded pharmaceuticals, not being able to afford the significant prices demanded of such drugs provides an added dimension.

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Seven Misconceptions on Managing Inventory in a Market-Driven World

Supply Chain Shaman

When it comes to the management of inventory in value chains, frustration abounds. Executive, after executive, lament, “They have purchased many technologies and sponsored many projects to reduce inventories, but they are not seeing results.” The supply chain is a complex system with increasing complexity.

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How to Create Value with Warehouse Automation Software

RFgen

The Inventory Error Problem. Choosing New Warehouse Automation Software. Enormous pressures weigh on today’s supply chains. Implementing the right warehouse automation software can help you digitally transform obsolete inventory processes to vault ahead of competitors. Very high levels of inventory accuracy.

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Now or Never: Why Supply Chain Sustainability is Non-Negotiable in 2022

Locus

What is also real is the impact it has on supply chains. In fact, it will not be a stretch to say that climate change is currently the biggest threat that global supply chains are facing today and is responsible for shortages and disruptions in several industries. Three stages of building a sustainable supply chain.

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Bringing Order to Chaos: Last-Mile Delivery Costs and How to Reduce Them

Locus

Say you purchase your coveted gadget online, eagerly tracking its journey from warehouse to your welcoming hands. In 2021, a wide range of major product categories saw online purchase returns, with rates varying from 8% to 88%. The last-mile delivery stage is significant in the logistics supply chain.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. the digitisation of manufacturing. What is 3PL?