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Inventory Everywhere, But Not the Right Product to Ship

Supply Chain Shaman

Bloated inventories. Despite investments in planning, today, industries hold 28 more days of inventory than in 2004. The larger the number of days of inventory, the greater the cash drag.) Changes in Inventory Year-end inventory values by industry from Y Charts. The story continues. Rising inflation. Next steps?

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Outside-in Process Q&A

Supply Chain Shaman

Shown in Figure 1 is the definition of the layers of outside-in planning. They implemented a simple planning technology with an outside-in channel-centric model (Ship to model definition). The implementation of NoSQL for inventory management gives them an inventory signal with little to no process latency.

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Inventory Turnover Ratio: Definition & Improvement + Calculator

Unleashed

The inventory turnover ratio measures how often stock is sold and replaced over time. It’s a vital inventory accounting metric for monitoring sales and managing perishable goods – without it, your business will struggle to operate efficiently and could start losing money fast. Inventory turnover is expressed as a financial ratio.

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Perpetual Inventory System: Definition & Methods

Unleashed

At a certain point, manual inventory management becomes no longer feasible. In this article, we explore a popular solution: the perpetual inventory system. Perpetual inventory systems begin with a physical inventory count that is then recorded electronically.

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Lead Time Definition – How to Calculate & Reduce it?

SCMDOJO

Studies say that 25% of customers won’t buy something unless it can be shipped in two days or less. To make things simpler, having a clear lead time definition helps in making sure orders are fulfilled on time and customers are satisfied. Cost Savings: Reduction in inventory holding costs.

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Inventory Control Chart: Definition, Uses, Examples

Unleashed

An inventory control chart is an immensely helpful tool for demand forecasting and inventory management. What is an inventory control chart? An inventory control chart, also known as a stock control chart, is a visual diagram that reflects the minimum and maximum stock levels of a business over time.

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The New Definition of Supply Chain Agility and Resilience in an Unpredictable World

Logistics Viewpoints

The definition of agility and resilience will continue to evolve. The creation of a new digital ecosystem has enabled these and other changes that will shape the definition of supply chain agility and resilience in the 2020s and beyond. There are Also Commercial Reasons. The Road to Agility and Resilience.