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Better Inventory Management Requires International Suppliers To Step Up to Digital Transformation and Collaboration

Logistics Viewpoints

Just last year many were chartering their own cargo ships to get all these goods to their destinations.) While consumers may see some short-term benefit in the form of discounted goods, many retailers have had to reset investor expectations , reflecting the expected hit on margins from carrying so much inventory. All aboard.

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Global Cargo Monitoring / Cargo Tracking: Networked Supply.

Global Trade Management

Global Cargo Monitoring / Cargo Tracking. The ability to in real time identify the location and status of the sourced goods gives the importer the ability to fine tune its distribution channels, its inventory management and its ability to fulfill commitments to its end users. Links to Global Trade Management.

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Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Risk pooling is considered the most important concept in supply chain management as it governs the tradeoffs in inventory management and leads to effective strategies such as push/pull and postponement. These are three examples: Rule 3.1: Aggregate forecasts are more accurate than individual forecasts.

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Relatively Cautious Global Production and Supply Chain Indices for February 2022

Supply Chain Matters

Data published at the end of February indicates that for movement of ocean container shipping transit from Asia to North America , the average time had declined to 106 days, upwards of 15.1 In February, a new Stage I Measure was introduced, which tracks that average period from cargo ready to origin port departure.

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Management of Ocean Transit Time Reliability and Visibility

The Logistics & Supply Chain Management Society

Looking at the share of total weekly sailings being blanked on the Asia-North America West Coast trade, blank sailings clearly improved during 2023 and dropped below 10% in June with a slight uptick in early July., Companies still need to allocate working capital to build safety stocks considering the unreliable transit time.

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23 logistics professionals share the #1 way to reduce logistics costs

6 River Systems

“One greater way to reduce logistics costs is to…” Ensure that all your products are properly barcoded and scanned into your inventory management system upon arrival and then again upon departure when shipped out a customer. Rebecca White @pranabrush Rebecca White works with Prana Brush.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Penske is also taking safety to the next level by introducing a video-based safety program in more than 2,800 heavy-duty trucks in its North America operations, including event-triggered onboard cameras and an ongoing driver safety coaching program.