Unleashed
JULY 25, 2021
Over a third of the world’s food produce and products are wasted. Food waste accounts for eight percent of global greenhouse gases and has significant environmental and economic impacts. According to the UN’s Food and Agriculture Organization 1.3 billion tonnes of food – over $9 billion worth – goes to waste each year.
Synovos
FEBRUARY 12, 2024
Demystifying MRO Inventory Optimization The goal of MRO inventory optimization is to utilize the products and materials held on or across sites as effectively as possible. Ensuring that you have what you need available when required helps eliminate excess stock and reduce inventory carrying costs. How do you achieve this?
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Global Trade Management
SEPTEMBER 4, 2023
With the growth of the market for high-quality food products, the importance of traceability and origin verification has increased significantly. In food production, consumers have a strong desire to have complete visibility into their food's origin and production methods.
Unleashed
NOVEMBER 16, 2022
Gross Margin Return on Inventory (GMROI), a profitability metric that accounts for unsold inventory, has now dropped in all three countries as manufacturers abandon the Just In Time business model for the more costly Just In Case approach. Food 93.69%. Percentage change in stock on hand value, UK (Q3 2019 v Q3 2022).
Unleashed
FEBRUARY 15, 2021
From the continuing impact of the global pandemic to the ever-increasing importance of ‘transparency technology’ and sustainable practices, the food industry has its work cut out for it in 2021. It’s become even more important that businesses navigate multiple supply chains with food manufacturing software.
The Logistics & Supply Chain Management Society
JANUARY 3, 2024
I am the most worried about the chemical sector. In the sector, the bullwhip impact is high, the inflationary pressures of crude oil prices immense, the variability from energy outages painful, and inventories relatively low. All value chains are dependent in some shape or form on the chemical industry. What can be done?
Supply Chain Shaman
APRIL 16, 2024
Through work with Georgia Tech, the supply chain team can affect 70% of market capitalization in the food, chemical, and pharmaceutical industries. Focus on improving operating margin, inventory turns, and revenue/employee simultaneously. Seasonal Inventory Build or Asset Capacity to Ramp for a Seasonal Demand Usually.
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