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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. How do you achieve this?

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Supply Chain KPIs & Metrics: Our Top 24 for Manufacturers

Silvon Software

Here are 24 that Silvon has used with clients across various manufacturing industries to help them drive better supply chain performance. Stocking cycle time equals the number of hours required to store materials or goods from the time they are received from the supplier until they are stored and recorded in inventory tracking systems.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Table of Contents ** Minutes What is an inventory audit? When it comes to selling goods, ecommerce businesses may audit their inventory — whether it’s for tax purposes annually or to simply verify units on hand. Inventory audits can be done in-house or by a third party and represent one point in time. What is an inventory audit?

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Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

As I watch the news and work on client documents in my quarantine, I try to manage my emotions. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Operation Air Bridge by the US Government was also a welcome relief.

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Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Inventory Management. Regardless of how efficient and effective, all supply chains carry inventory. The bullwhip effect refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain. Freight Management. Contract Review.

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What Is an Inventory Management System & Its Role in Omnichannel Fulfillment?

Veridian Solutions

Supply chain leaders often interchangeably refer to both a warehouse management system and an inventory management system as one and the same. Challenges of Limited Inventory Management Capabilities. The challenges of inventory management without using a dedicated, standardized system are significant.

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31 Motivations for Reshoring Manufacturing & Updated Reshoring Stats

GlobalTranz

Many off-shore manufacturers have returned to the U.S., Those changes, along with high costs of transporting materials and finished goods to and from overseas locations, make the value of reshoring likely to become a compelling financial reality for many manufacturers. Transportation and freight costs are reduced.