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Reduce Excess Inventory While Protecting Margins with a Pricing and Promotion Analysis  Solution

Logility

Much of the merchandise languishing aboard cargo ships stuck in ports around the world during the pandemic-fueled supply chain crisis has made it to store shelves. With much of the inventory suddenly arriving, retailers are realizing that the macro economy and Americans’ buying habits have changed while the goods were adrift. .

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Importance of Digitalisation to Improve Supply Chains: Helping Businesses Navigate Through Supply Chain Disruptions

The Logistics & Supply Chain Management Society

Applying innovation to supply chains, combines innovative technologies like the Internet of Things (IoT), analytics, and robotics to supply chain management to improve performance and meet customer demands. One solution to this problem is centralized distribution and real-time inventory management. Internet of Things (IoT).

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Baltimore Bridge Collapse: An Opportunity to Reinforce the Importance of Supply Chain Resilience

Logistics Viewpoints

The port handles about 11 million tons of cargo per year, including automobiles, containers, coal, and farm products. A redundant supply chain has spare or backup capacity, such as inventory, equipment, facilities, and suppliers, that can be activated or mobilized in case of disruptions.

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What’s going on with global supply chains: A primer for the casual consumer

Freightos

A third of all cargo is carried in passenger planes. So to meet capacity, airlines started to convert passenger planes into cargo planes at scale. In the last quarter of 2020, it became clear cargo rates weren’t coming down anytime soon. And it’s not just ocean freight. Credit: Lufthansa ).

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Traceability: Meet your food before your first bite!

Global Trade Management

This highlights the growing importance of traceability in meeting consumer demands and building trust in the food industry. It ensures adherence to quality control procedures and enables real-time monitoring of inventory levels. Companies can gain comprehensive visibility into their supply chains by employing this method.

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Elastic Logistics is a more flexible approach to meet the client’s needs

Procurement Academy

What defines this approach is “flexibility” to right-size inventory, fitting the demands of the market in a specified time, enhancing the logistics service processes, and increasing the elasticity of the logistics process to respond to market instabilities profitably. Source: Logistics 4.0 What is elastic logistics?

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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

It serves as the compass guiding shippers toward efficient, economical, and dependable cargo transport. Armed with a good understanding of the scope of transportation services required, the Procurement Team can proceed to conduct Market Research to identify potential service providers who are able to meet the transportation services required.