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Editor’s Choice: It’s time for traditional inventory management to evolve!

Logistics Viewpoints

This article is from Zheyuan Du at Kinaxis and discusses unconventional solutions to excess inventory challenges. According to recent statistical data, vacancy rates for industrial real estate across North America have been declining since 2020 and reached an all-time low in the third quarter of 2022.

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Will Trucking Challenges Transform JITS in North America?

QAD

JITS is the acronym for “just-in-time-sequence,” a common supply chain practice in the automotive industry that eliminates or significantly reduces the need to maintain parts inventory at the assembly plant. Needing to carry only a few hours worth of inventory, thereby savings on inventory carrying costs and working capital.

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Unilever’s Relentless Commitment to S-Curve Transformations

Logistics Viewpoints

Providing one face to the customer required better order management, improved master data, and a new supply chain planning (SCP) solution from Kinaxis. It was believed a SCP transformation would reduce inventory, improve service and free up cash flow. Unilever has over 20 ERP platforms that the new SCP solution needed data from.

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Demystifying MRO Inventory Optimization

Synovos

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. For this, you need data.

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Robots Take Center Stage at MODEX 2024

Logistics Viewpoints

MODEX is the leading trade show for supply chain, logistics, and material handling solutions in North America. The robots can perform various tasks, such as transporting goods, picking orders, sorting items, and replenishing inventory.

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Editor’s Choice: Fortifying Warehouse and Distribution Centers Against Cyberattacks

Logistics Viewpoints

Cybercriminals are increasingly targeting this growing sector due to the large amounts of data stored in these systems and their potential value. This dependence on technology also makes the industry vulnerable to cyberattacks, which can disrupt operations, compromise sensitive data, and cause financial losses.

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Navigating Uncharted Waters: SMB Importers, 2024 and Red Sea Crisis Lessons

Freightos

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. This optimism is buoyed by the fact that 55% of importers have their inventories in check, anticipating a stronger freight demand in the coming year.