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This Week in Logistics News (May 20 – 26)

Logistics Viewpoints

And now on to this week’s logistics news. Target’s inventories at the end of the last quarter were 16 percent lower than the same period a year ago and Walmart cut inventories in its U.S. Inventories at U.S. Target has been testing high-capacity van routes at Dallas and Minneapolis sortation centers.

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Target Hires New Inventory Management Leader to Revamp Supply Chain

RFgen

According to a company press release, the big-name retail chain recently added Benjamin Cook , the former logistics and supply chain head at Apple, to its team. Cook’s first day was on July 24, 2016 in Minneapolis at the company’s headquarters. Why Inventory Management Matters. Details on Cook.

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Target Hires New Inventory Management Leader to Revamp Supply Chain

RFgen

According to a company press release, the big-name retail chain recently added Benjamin Cook , the former logistics and supply chain head at Apple, to its team. Cook’s first day was on July 24, 2016 in Minneapolis at the company’s headquarters. Why Inventory Management Matters. Details on Cook.

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The Great Store Redo

Cathy Roberson

In four of its Minneapolis test stores, Best Buy reduced the shoppable square footage to 15,000 square feet to provide more space for fulfillment. Supply Chain Implications Smaller stores typically mean less inventory. Hence, investing and utilizing a good inventory management system will be critical. The key here is fast.

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Crime is Adding to Supply Chain Woes

Enterra Insights

If retailers didn’t have enough to worry about with the pandemic, inventory issues, and labor shortages, a new type of organized crime has been added to their plate. Data on the closing stores puts the claim into perspective ,” San Francisco Chronicle, 15 October 2021. [4] Retail Smash-and-Grab. Footnotes. [1] 12] Ibid. [13]

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Holiday Sales Demonstrated Necessity of Omnichannel Strategies

Enterra Insights

After a weak holiday performance last year, the Minneapolis-based company embarked on a multibillion-dollar spending plan to improve its stores and digital capabilities. Shoppers want to easily access data about what’s in stock, for example, or what promotions a nearby store is running.” Provide Full Inventory Visibility.

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Louis, M.S.